This week, I'm looking for the fourth technology representative of six for my Ivy portfolio.

The technology sector includes nineteen industries ranging from communication equipment, computers, consumer electronics, and contract manufacturing, to health, and information technology and services, to internet, scientific instruments, software, solar and all such technological enterprises.

Today I'm reviewing a small-cap (~$331M) semiconductor equipment and materials company named Park Electrochemical Corp. Its trading ticker symbol is PKE. The company has operations in North America, Europe, and Asia. Park Electrochemical Corp. was founded in 1954 and is headquartered in Melville, New York.

Park Electrochemical Corp., through its subsidiaries, develops, manufactures, markets, and sells high-technology digital and radio frequency/microwave printed circuit material products primarily for the telecommunications and Internet infrastructure, enterprise, and military/aerospace markets.

It markets and sells its electronics materials to independent printed circuit board fabricators, electronic manufacturing service companies, and electronic contract manufacturers, as well as electronic original equipment manufacturers in the computer, networking, telecommunications, wireless communications, aerospace, military, instrumentation, and automotive industries.

I use three key data points to gauge the value of any dividend equity-like Park Electrochemical:

(1) Price (2) Dividends (3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest. Those first three primary keys, however, best tell whether a company has made, is making, and will make money.

PKE Price

Park's price per share closed at $16.35 yesterday. A year ago its price was $17.25. Price dropped $0.90 or 5.2% in the past year. Assuming Park's stock trades in the range of $14.00 to $22.00 this year, Park's recent $16.35 price could rise by $1.65 and go to $18.00 by early May 2020.

PKE Dividends

Park's most recently declared quarterly dividend was $0.10 declared March 13th and paid, May 1st, yesterday, a $0.10 Q dividend equates to an annual payout of $0.40 for a yield of 2.45% at yesterday's $16.35 closing price.

Gains For PKE?

Adding a $0.40 annual estimated dividend to my $1.65 estimate of Park's price upside shows a $2.05 potential gross annual gain, per share, which will be reduced by costs to trade those shares.

Say we pay a little under $1,000.00 today at the $16.35 recent stock price; that would buy us 61 PKE shares.

A $10 broker fee paid half at purchase and half at sale will cost us $0.16 per share. Subtract that $0.16 brokerage cost from the estimated $2.05 gross annual gain leaves a net gain of $1.89 X 61 shares

= $115.29 or a 11.65% net gain on a $997.35 investment.

Therefore, Park Electrochemical Corp now shows a possible net gain of 11.65% including a 2.45% dividend yield.

One broker covers this stock: She says "buy" PKE. The consensus score is 1 or "buy".

Therefore, you can look at Park Electrochemical Corp and see it has made money, is making money, and could net 11.65% gains including a 2.45% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to determine if Park Electrochemical Corp is worth your time and money.