Summit Global Investments Reduces Holdings in Rogers Corporation $ROG

Summit Global Investments decreased its position in shares of Rogers Corporation (NYSE:ROG) by 28.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 11,091 shares of the electronics maker’s stock after selling 4,308 shares during the quarter. Summit Global Investments owned approximately 0.06% of Rogers worth $1,190,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ROG. Kemnay Advisory Services Inc. purchased a new stake in Rogers during the fourth quarter valued at about $42,000. Parallel Advisors LLC increased its stake in shares of Rogers by 19.7% in the first quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock worth $94,000 after purchasing an additional 144 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Rogers by 6,576.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock valued at $104,000 after purchasing an additional 1,118 shares during the period. Virtus Advisers LLC bought a new stake in shares of Rogers in the third quarter valued at approximately $127,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Rogers during the 3rd quarter valued at approximately $130,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Activity at Rogers

In other news, SVP Brian Keith Larabee sold 830 shares of the business’s stock in a transaction on 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 transaction, the senior vice president directly owned 5,515 shares in the company, valued at $749,543.65. The trade was a 13.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.08% of the stock is owned by company insiders.

Key Rogers News

Here are the key news stories impacting Rogers this week:

• Positive Sentiment: Rogers Corporation recently beat quarterly earnings estimates and raised its near-term outlook, which can support investor confidence in the stock.
• Neutral Sentiment: Recent headlines about “Morgan Rogers” are about a soccer transfer saga and do not appear to have any direct connection to Rogers Corporation or its business.
• Neutral Sentiment: There was no company-specific news in the provided articles indicating a new contract, product launch, regulatory issue, or analyst action for Rogers Corporation.

Rogers Trading Up 5.2%

Shares of Rogers stock opened at $137.68 on Wednesday. Rogers Corporation has a 12-month low of $61.17 and a 12-month high of $169.00. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -45.74 and a beta of 0.48. The company’s 50-day moving average price is $145.42 and its 200-day moving average price is $121.81.

Rogers (NYSE:ROG) last released its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The company had revenue of $200.50 million during the quarter, compared to analyst estimates of $200.50 million. Rogers had a negative net margin of 6.81% and a positive return on equity of 4.31%. Rogers has set its Q2 2026 guidance at 0.900-1.100 EPS. On average, sell-side analysts predict that Rogers Corporation will post 3.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. B. Riley Financial lifted their price objective 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 Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. Finally, Zacks Research raised Rogers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” 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.