Park Electrochemical (NYSE:PKE) had its price objective raised by analysts at Needham & Company LLC to $24.00 in a research note issued to investors on Friday, The Fly reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price points to a potential upside of 18.23% from the company’s current price. 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 report on Wednesday, December 6th.
Park Electrochemical (PKE) traded up $0.64 during trading on Friday, reaching $20.30. 426,700 shares of the company traded hands, compared to its average volume of 209,067. Park Electrochemical has a 52-week low of $16.00 and a 52-week high of $20.98. The firm has a market capitalization of $413.86, a PE ratio of 81.20 and a beta of 0.89. The company has a current ratio of 15.23, a quick ratio of 14.56 and a debt-to-equity ratio of 0.37.
Several large investors have recently modified their holdings of PKE. BNP Paribas Arbitrage SA lifted its position in shares of Park Electrochemical by 57.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,986 shares of the semiconductor company’s stock worth $129,000 after buying an additional 2,545 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of Park Electrochemical by 59.0% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,140 shares of the semiconductor company’s stock worth $132,000 after buying an additional 2,650 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Park Electrochemical by 7.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 11,480 shares of the semiconductor company’s stock worth $211,000 after buying an additional 780 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of 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 acquiring an additional 1,561 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Park Electrochemical in the 3rd quarter valued at $254,000. Institutional investors and hedge funds own 81.82% of the company’s stock.
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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.
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