AlphaQuest LLC Makes New $397,000 Investment in Rogers Corporation $ROG

Key Points

• AlphaQuest LLC acquired 5,885 shares of Rogers Corporation worth approximately $397,000, marking a new investment in the electronics manufacturer during the 1st quarter.
• Analyst B. Riley raised the price target for Rogers from $80.00 to $85.00 and maintained a "buy" rating on the stock.
• Rogers Corporation reported earnings of $0.34 per share for the recent quarter, which was below analysts' expectations of $0.50, despite revenue exceeding estimates at $202.80 million.

AlphaQuest LLC bought a new position in Rogers Corporation (NYSE:ROG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,885 shares of the electronics maker's stock, valued at approximately $397,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROG. Ameriprise Financial Inc. lifted its stake in Rogers by 66.0% in the fourth quarter. Ameriprise Financial Inc. now owns 453,144 shares of the electronics maker's stock valued at $46,044,000 after buying an additional 180,086 shares during the period. Bank of America Corp DE lifted its holdings in shares of Rogers by 26.6% in the fourth quarter. Bank of America Corp DE now owns 321,337 shares of the electronics maker's stock valued at $32,651,000 after purchasing an additional 67,454 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Rogers by 5.5% in the first quarter. Neuberger Berman Group LLC now owns 1,025,716 shares of the electronics maker's stock valued at $69,267,000 after acquiring an additional 53,093 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Rogers in the first quarter valued at about $3,379,000. Finally, Quantbot Technologies LP increased its position in shares of Rogers by 947.1% in the first quarter. Quantbot Technologies LP now owns 32,690 shares of the electronics maker's stock valued at $2,208,000 after acquiring an additional 29,568 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Rogers Price Performance

NYSE ROG traded down $0.02 during trading on Friday, reaching $78.39. 251,105 shares of the company's stock were exchanged, compared to its average volume of 304,150. The business has a 50 day moving average price of $71.31 and a 200-day moving average price of $69.85. The stock has a market capitalization of $1.42 billion, a P/E ratio of -22.21 and a beta of 0.46. Rogers Corporation has a fifty-two week low of $51.43 and a fifty-two week high of $114.05.

Rogers (NYSE:ROG - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.16). The firm had revenue of $202.80 million for the quarter, compared to the consensus estimate of $198.75 million. Rogers had a positive return on equity of 3.04% and a negative net margin of 8.14%. Rogers has set its Q3 2025 guidance at 0.500-0.900 EPS. On average, analysts forecast that Rogers Corporation will post 3.57 earnings per share for the current year.

Rogers Profile

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.