Rogers Corporation $ROG Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in Rogers Corporation (NYSE:ROG) by 267.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,567 shares of the electronics maker’s stock after buying an additional 12,054 shares during the period. Hsbc Holdings PLC’s holdings in Rogers were worth $1,805,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Kemnay Advisory Services Inc. bought a new position in Rogers during the fourth quarter valued at about $42,000. Global Retirement Partners LLC raised its position in Rogers by 6,576.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock worth $104,000 after acquiring an additional 1,118 shares in the last quarter. Virtus Advisers LLC bought a new stake in Rogers in the third quarter worth about $127,000. Quadrant Capital Group LLC acquired a new stake in Rogers in the 3rd quarter valued at about $130,000. Finally, Front Street Capital Management Inc. acquired a new stake in Rogers in the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Transactions at Rogers

In other Rogers news, SVP Brian Keith Larabee sold 830 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $135.91, for a total transaction of $112,805.30. Following the completion of the sale, the senior vice president directly owned 5,515 shares of the company’s stock, valued at approximately $749,543.65. This represents a 13.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.08% of the company’s stock.

Rogers Stock Down 0.3%

Shares of Rogers stock opened at $130.28 on Monday. The stock’s fifty day moving average is $144.91 and its 200-day moving average is $122.68. The firm has a market capitalization of $2.33 billion, a PE ratio of -43.28 and a beta of 0.48. Rogers Corporation has a 12-month low of $61.17 and a 12-month high of $169.00.

Rogers (NYSE:ROG) last announced its earnings results on Tuesday, April 28th. The electronics maker reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. Rogers had a positive return on equity of 4.31% and a negative net margin of 6.81%.The business had revenue of $200.50 million during the quarter, compared to the consensus estimate of $200.50 million. Rogers has set its Q2 2026 guidance at 0.900-1.100 EPS. Analysts expect that Rogers Corporation will post 3.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ROG. Weiss Ratings upgraded shares of Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. Zacks Research downgraded shares of Rogers from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, B. Riley Financial increased their target price on shares of Rogers to $200.00 and gave the company a “buy” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $200.00.

Rogers Company Profile

Rogers Corporation (NYSE: ROG) is a global technology and materials company specializing in the development and manufacture of engineered materials and components. The company designs and produces a broad portfolio of high-performance elastomeric, foam, silicone, adhesive and thermal management solutions, as well as advanced circuit board laminates. Its products are engineered to meet stringent requirements in areas such as electrical insulation, thermal performance and electromagnetic shielding.

Rogers serves a diverse range of end markets, including automotive, aerospace and defense, telecommunications, consumer electronics and industrial applications.