Hsbc Holdings PLC Acquires New Position in Rogers Corporation $ROG

Key Points

• Hsbc Holdings PLC acquired 40,685 Rogers shares worth approximately $6.7 million in the second quarter, while institutional investors collectively own 96.02% of the company.
• Rogers reported quarterly EPS of $0.92, missing the $0.99 consensus estimate, though revenue of $216.8 million exceeded expectations. Management issued third-quarter EPS guidance of $1.10–$1.30.
• ROG shares opened at $125.57, while analysts maintain an overall “Hold” rating with an average price target of $200; ratings included upgrades from Wall Street Zen and Weiss Ratings and a downgrade from Zacks Research.

Hsbc Holdings PLC acquired a new stake in Rogers Corporation (NYSE:ROG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 40,685 shares of the electronics maker's stock, valued at approximately $6,707,000. Hsbc Holdings PLC owned 0.23% of Rogers at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Granahan Investment Management LLC acquired a new stake in shares of Rogers in the first quarter valued at about $3,528,000. Edgestream Partners L.P. raised its holdings in shares of Rogers by 135.0% during 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. Strs Ohio acquired a new position in Rogers during the 1st quarter worth approximately $880,000. Trillium Asset Management LLC acquired a new position in Rogers during the 2nd quarter worth approximately $4,788,000. Finally, Summit Global Investments purchased a new position in Rogers in the 2nd quarter worth approximately $1,648,000. 96.02% of the stock is currently owned by institutional investors.

Rogers Stock Performance

Shares of ROG opened at $125.57 on Friday. The company has a market capitalization of $2.24 billion, a P/E ratio of 71.75 and a beta of 0.51. Rogers Corporation has a one year low of $75.14 and a one year high of $169.00. The stock has a 50-day moving average price of $137.32 and a 200 day moving average price of $128.03.

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

Analyst Ratings Changes

Several brokerages have issued reports on ROG. Wall Street Zen raised shares of Rogers from a "hold" rating to a "buy" rating in a research report on Sunday, August 23rd. B. Riley Financial boosted their target price on shares of Rogers to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 15th. Weiss Ratings upgraded shares of Rogers from a "sell (d)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Finally, Zacks Research lowered 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $200.00.

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.

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