Hsbc Holdings PLC Invests $6.71 Million in Rogers Corporation $ROG

Hsbc Holdings PLC purchased a new position in shares of Rogers Corporation (NYSE:ROG) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 40,685 shares of the electronics maker’s stock, valued at approximately $6,707,000.

A number of other hedge funds have also bought and sold shares of the company. State of Wyoming bought a new position in Rogers during the 2nd quarter worth approximately $42,000. Kemnay Advisory Services Inc. acquired a new position in shares of Rogers in the 4th quarter worth approximately $42,000. Parallel Advisors LLC increased its holdings in shares of Rogers by 19.7% in the 1st quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock valued at $94,000 after acquiring an additional 144 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Rogers by 6,576.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock valued at $104,000 after acquiring an additional 1,118 shares during the last quarter. Finally, Virtus Advisers LLC bought a new stake in shares of Rogers in the 3rd quarter valued at approximately $127,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Rogers Trading Down 2.9%

NYSE:ROG opened at $125.57 on Friday. The firm has a market capitalization of $2.24 billion, a PE ratio of 71.75 and a beta of 0.51. The stock has a 50 day moving average of $137.32 and a 200-day moving average of $128.03. Rogers Corporation has a 52 week low of $75.14 and a 52 week high of $169.00.

Rogers (NYSE:ROG) last announced its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.07). The company had revenue of $216.80 million for the quarter, compared to analyst estimates of $215.00 million. Rogers had a return on equity of 5.17% and a net margin of 3.75%.Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. As a group, analysts predict that Rogers Corporation will post 3.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Rogers from a “hold” rating to a “buy” rating in a research note on Sunday, August 23rd. B. Riley Financial boosted 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. Weiss Ratings upgraded shares of Rogers from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Finally, Zacks Research cut shares of Rogers from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Rogers has a consensus rating of “Hold” and a consensus price target of $200.00.

About Rogers

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.