Hsbc Holdings PLC Grows Position in Rogers Corporation $ROG

Hsbc Holdings PLC lifted its position in shares of Rogers Corporation (NYSE:ROG) by 145.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,685 shares of the electronics maker’s stock after purchasing an additional 24,118 shares during the period. Hsbc Holdings PLC’s holdings in Rogers were worth $6,707,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Royal Bank of Canada grew its position in Rogers by 15.7% during the first quarter. Royal Bank of Canada now owns 4,276 shares of the electronics maker’s stock valued at $288,000 after buying an additional 580 shares during the period. AQR Capital Management LLC raised its position in Rogers by 121.3% in the first quarter. AQR Capital Management LLC now owns 8,376 shares of the electronics maker’s stock worth $566,000 after acquiring an additional 4,591 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Rogers by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,221 shares of the electronics maker’s stock valued at $758,000 after acquiring an additional 536 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Rogers by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 51,135 shares of the electronics maker’s stock valued at $3,453,000 after acquiring an additional 2,405 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Rogers during the 1st quarter worth approximately $4,345,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of Rogers from a “buy” rating to a “hold” rating in a report on Monday, August 31st. B. Riley Financial increased their price target on Rogers to $200.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Weiss Ratings raised Rogers from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, Zacks Research downgraded shares of Rogers from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $200.00.

Key Stories Impacting Rogers

Here are the key news stories impacting Rogers this week:

• Positive Sentiment: The upcoming Investor Day may act as a near-term catalyst if management outlines stronger growth opportunities, improved capital allocation or more ambitious multi-year financial goals.
• Neutral Sentiment: Several other articles refer to unrelated entities, including Rogers Communications’ Sportsnet and Edmonton Oilers partnership, a potential tax levy in the city of Rogers, Minnesota, and politicians or athletes named Rogers. These reports do not directly affect Rogers Corporation’s earnings or outlook.
• Neutral Sentiment: Investors may remain focused on Rogers Corporation’s recent fundamentals: the company previously reported quarterly earnings below analyst expectations, despite revenue slightly exceeding forecasts, while issuing third-quarter EPS guidance of $1.10 to $1.30.

Rogers Stock Up 0.1%

Shares of NYSE ROG opened at $129.61 on Thursday. The business has a 50-day simple moving average of $131.64 and a two-hundred day simple moving average of $129.27. Rogers Corporation has a 52 week low of $75.14 and a 52 week high of $169.00. The company has a market cap of $2.32 billion, a P/E ratio of 74.07 and a beta of 0.50.

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