Park Electrochemical (NYSE:PKE) Price Target Increased to $24.00 by Analysts at Needham & Company LLC

Park Electrochemical (NYSE:PKE) had its price target boosted by investment analysts at Needham & Company LLC to $24.00 in a report issued on Friday, January 5th, The Fly reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 5.91% from the stock’s previous close. The analysts noted that the move was a valuation call.

Separately, Zacks Investment Research upgraded shares of Park Electrochemical from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th.

Park Electrochemical (PKE) opened at $22.66 on Friday. The company has a current ratio of 19.23, a quick ratio of 18.39 and a debt-to-equity ratio of 0.37. Park Electrochemical has a fifty-two week low of $16.00 and a fifty-two week high of $23.58. The stock has a market cap of $458.58, a price-to-earnings ratio of 90.64 and a beta of 0.89.

Park Electrochemical (NYSE:PKE) last released its quarterly earnings data on Thursday, January 4th. The semiconductor company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). Park Electrochemical had a net margin of 4.60% and a return on equity of 4.69%. The firm had revenue of $26.14 million during the quarter, compared to analysts’ expectations of $28.50 million. During the same period in the previous year, the firm posted $0.10 EPS. analysts forecast that Park Electrochemical will post 0.37 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its holdings in Park Electrochemical by 57.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,986 shares of the semiconductor company’s stock valued at $129,000 after purchasing an additional 2,545 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Park Electrochemical by 59.0% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,140 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 2,650 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in Park Electrochemical by 7.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 11,480 shares of the semiconductor company’s stock valued at $211,000 after purchasing an additional 780 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Park Electrochemical by 13.6% in the 2nd quarter. Voya Investment Management LLC now owns 13,071 shares of the semiconductor company’s stock valued at $241,000 after purchasing an additional 1,561 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Park Electrochemical in the 3rd quarter valued at about $254,000. Hedge funds and other institutional investors own 81.82% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/01/20/needham-company-llc-boosts-park-electrochemical-pke-price-target-to-24-00.html.

Park Electrochemical Company Profile

Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.

The Fly

Receive News & Ratings for Park Electrochemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park Electrochemical and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply