Hsbc Holdings PLC Has $6.71 Million Position in Rogers Corporation $ROG

Key Points

• HSBC Holdings increased its Rogers Corporation stake by 145.6% in the second quarter, owning 40,685 shares valued at approximately $6.71 million. Institutional investors collectively hold 96.02% of ROG’s outstanding stock.
• Rogers reported quarterly EPS of $0.92, below the $0.99 analyst consensus, while revenue of $216.8 million slightly exceeded expectations. The company issued third-quarter EPS guidance of $1.10 to $1.30.
• ROG shares opened at $129.61, and analysts maintain a consensus “Hold” rating with a $200 target price; coverage includes one Buy and two Hold ratings.

Hsbc Holdings PLC lifted its position in shares of Rogers Corporation (NYSE:ROG - Free Report) by 145.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,685 shares of the electronics maker's stock after acquiring an additional 24,118 shares during the period. Hsbc Holdings PLC owned approximately 0.23% of Rogers worth $6,707,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ROG. Royal Bank of Canada grew its stake in shares of Rogers by 15.7% in the first quarter. Royal Bank of Canada now owns 4,276 shares of the electronics maker's stock worth $288,000 after purchasing an additional 580 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Rogers by 121.3% during the 1st quarter. AQR Capital Management LLC now owns 8,376 shares of the electronics maker's stock worth $566,000 after buying an additional 4,591 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Rogers by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,221 shares of the electronics maker's stock worth $758,000 after buying an additional 536 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Rogers by 4.9% in 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 buying an additional 2,405 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Rogers in the 1st quarter valued at about $4,345,000. 96.02% of the stock is currently owned by institutional investors.

Rogers Stock Up 0.1%

Shares of NYSE ROG opened at $129.61 on Thursday. The firm has a market cap of $2.32 billion, a PE ratio of 74.07 and a beta of 0.50. The company's fifty day simple moving average is $131.64 and its 200 day simple moving average is $129.27. Rogers Corporation has a 12-month low of $75.14 and a 12-month high of $169.00.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ROG shares. B. Riley Financial raised their price objective on Rogers to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 15th. Zacks Research lowered shares of Rogers from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. Wall Street Zen cut shares of Rogers from a "buy" rating to a "hold" rating in a research report on Monday, August 31st. Finally, Weiss Ratings upgraded shares of Rogers from a "sell (d)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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 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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