Summit Global Investments Purchases New Position in Rogers Corporation $ROG

Summit Global Investments acquired a new position in shares of Rogers Corporation (NYSE:ROG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,066 shares of the electronics maker’s stock, valued at approximately $1,648,000.

A number of other institutional investors have also recently bought and sold shares of the company. Walleye Capital LLC bought a new stake in Rogers in the second quarter valued at approximately $3,519,000. Legacy Wealth Asset Management LLC boosted its position in shares of Rogers by 13.4% during the second quarter. Legacy Wealth Asset Management LLC now owns 2,297 shares of the electronics maker’s stock worth $376,000 after purchasing an additional 271 shares in the last quarter. Front Street Capital Management Inc. grew its holdings in shares of Rogers by 25.0% in the 1st quarter. Front Street Capital Management Inc. now owns 3,238 shares of the electronics maker’s stock valued at $348,000 after buying an additional 648 shares during the period. Edgestream Partners L.P. grew its holdings in shares of Rogers by 135.0% in the 1st quarter. Edgestream Partners L.P. now owns 74,898 shares of the electronics maker’s stock valued at $8,039,000 after buying an additional 43,029 shares during the period. Finally, Atreides Management LP increased its position in shares of Rogers by 8.2% in the 1st quarter. Atreides Management LP now owns 186,085 shares of the electronics maker’s stock valued at $19,973,000 after buying an additional 14,165 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Zacks Research downgraded Rogers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. B. Riley Financial boosted their target price on Rogers to $200.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Wall Street Zen downgraded Rogers from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings raised Rogers from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $200.00.

Rogers Stock Up 4.1%

NYSE:ROG opened at $143.40 on Friday. Rogers Corporation has a twelve month low of $72.49 and a twelve month high of $169.00. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 81.94 and a beta of 0.51. The stock’s 50 day moving average price is $141.75 and its two-hundred day moving average price is $125.95.

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

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.