Summit Global Investments Invests $1.65 Million in Rogers Corporation $ROG

Key Points

• Summit Global Investments purchased 10,066 Rogers shares worth approximately $1.65 million during the second quarter, giving it a 0.06% stake. Institutional investors collectively own 96.02% of Rogers.
• Rogers reported quarterly EPS of $0.92, missing the $0.99 consensus estimate, while revenue of $216.8 million exceeded expectations. The company issued third-quarter 2026 EPS guidance of $1.10–$1.30.
• Analyst sentiment remains cautious, with Rogers carrying an average “Hold” rating despite a consensus price target of $200; the stock recently traded at $143.40.

Summit Global Investments purchased a new stake in shares of Rogers Corporation (NYSE:ROG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,066 shares of the electronics maker's stock, valued at approximately $1,648,000. Summit Global Investments owned about 0.06% of Rogers at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Kemnay Advisory Services Inc. bought a new position in Rogers in the 4th quarter worth approximately $42,000. Parallel Advisors LLC boosted its position in Rogers by 19.7% in the 1st quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker's stock valued at $94,000 after buying an additional 144 shares during the last quarter. Global Retirement Partners LLC boosted its position in Rogers by 6,576.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker's stock valued at $104,000 after buying an additional 1,118 shares during the last quarter. Virtus Advisers LLC acquired a new stake in shares of Rogers in the 3rd quarter valued at $127,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Rogers in the 3rd quarter valued at $130,000. Institutional investors and hedge funds own 96.02% of the company's stock.

Rogers Stock Performance

Shares of Rogers stock opened at $143.40 on Friday. The firm has a fifty day moving average of $141.75 and a two-hundred day moving average of $125.95. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 81.94 and a beta of 0.51. Rogers Corporation has a 52 week low of $72.49 and a 52 week high of $169.00.

Rogers (NYSE:ROG - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $216.80 million during the quarter, compared to the consensus estimate of $215.00 million. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. As a group, research analysts forecast that Rogers Corporation will post 3.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ROG. Wall Street Zen downgraded Rogers from a "buy" rating to a "hold" rating in a research report on Saturday. B. Riley Financial raised their price target on Rogers to $200.00 and gave the company a "buy" rating in a report on Monday, June 15th. Zacks Research lowered Rogers from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings raised Rogers from a "sell (d)" rating to a "hold (c)" rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Rogers has an average rating of "Hold" and an average price target of $200.00.

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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