16,376 Rogers Corporation $ROG Shares Sold by UG Investment Advisers Ltd.

UG Investment Advisers Ltd. cut its holdings in shares of Rogers Corporation (NYSE:ROG) by 30.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,187 shares of the electronics maker’s stock after selling 16,376 shares during the quarter. Rogers accounts for 6.3% of UG Investment Advisers Ltd.’s investment portfolio, making the stock its 5th largest position. UG Investment Advisers Ltd.’s holdings in Rogers were worth $5,689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System increased its position in shares of Rogers by 54.0% during the third quarter. Maryland State Retirement & Pension System now owns 3,725 shares of the electronics maker’s stock worth $570,000 after acquiring an additional 1,306 shares during the period. Fulcrum Asset Management LLP purchased a new position in Rogers in the third quarter valued at $79,000. Vise Technologies Inc. boosted its holdings in Rogers by 21.8% in the third quarter. Vise Technologies Inc. now owns 2,993 shares of the electronics maker’s stock valued at $458,000 after purchasing an additional 535 shares during the period. Leeward Investments LLC MA boosted its holdings in Rogers by 4.7% in the third quarter. Leeward Investments LLC MA now owns 328,731 shares of the electronics maker’s stock valued at $50,293,000 after purchasing an additional 14,872 shares during the period. Finally, Pinnacle Associates Ltd. boosted its holdings in Rogers by 8.5% in the third quarter. Pinnacle Associates Ltd. now owns 56,581 shares of the electronics maker’s stock valued at $8,656,000 after purchasing an additional 4,411 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Rogers Price Performance

ROG stock opened at $129.93 on Friday. Rogers Corporation has a 12 month low of $75.14 and a 12 month high of $169.00. The firm has a market capitalization of $2.31 billion, a PE ratio of 51.36 and a beta of 0.42. The company’s 50 day simple moving average is $136.29 and its 200-day simple moving average is $128.70.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Tuesday, October 27th. The electronics maker reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.20. The firm had revenue of $236.10 million during the quarter, compared to analysts’ expectations of $238.00 million. Rogers had a return on equity of 5.89% and a net margin of 5.30%. As a group, sell-side analysts anticipate that Rogers Corporation will post 4.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ROG shares. Zacks Research raised Rogers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. B. Riley Financial cut their price objective on shares of Rogers from $195.00 to $180.00 and set a “buy” rating on the stock in a report on Monday. Wall Street Zen raised Rogers from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Freedom Broker raised Rogers to a “strong-buy” rating in a research note on Thursday, October 1st. Finally, Weiss Ratings downgraded shares of Rogers from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $180.00.

About Rogers

Rogers Corporation (NYSE: ROG) develops and manufactures engineered materials for applications that require specialized electrical, thermal, or mechanical performance. Its products include high-frequency circuit materials, ceramic substrates for power electronics, and engineered foam and silicone materials. The company’s materials are used in markets including automotive and vehicle electrification, telecommunications, renewable energy, aerospace and defense, and industrial equipment. Rogers serves customers globally through its international operations.