Granahan Investment Management LLC Invests $3.53 Million in Rogers Corporation $ROG

Granahan Investment Management LLC purchased a new position in Rogers Corporation (NYSE:ROG) in the first quarter, HoldingsChannel reports. The fund purchased 32,869 shares of the electronics maker’s stock, valued at approximately $3,528,000.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Rogers by 132.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,559 shares of the electronics maker’s stock valued at $7,447,000 after purchasing an additional 52,670 shares in the last quarter. SG Americas Securities LLC grew its stake in Rogers by 1,898.3% in the fourth quarter. SG Americas Securities LLC now owns 73,176 shares of the electronics maker’s stock worth $6,701,000 after purchasing an additional 69,514 shares in the last quarter. Strs Ohio acquired a new position in Rogers in the first quarter worth about $880,000. Norges Bank bought a new stake in Rogers in the fourth quarter valued at about $119,157,000. Finally, Intech Investment Management LLC increased its holdings in Rogers by 552.5% in the fourth quarter. Intech Investment Management LLC now owns 54,063 shares of the electronics maker’s stock valued at $4,951,000 after buying an additional 45,778 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Brian Keith Larabee sold 830 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $135.91, for a total transaction of $112,805.30. Following the completion of the transaction, the senior vice president directly owned 5,515 shares of the company’s stock, valued at approximately $749,543.65. This represents a 13.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.08% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on ROG shares. Weiss Ratings upgraded Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. Zacks Research downgraded Rogers from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, B. Riley Financial boosted their price target on Rogers to $200.00 and gave the company a “buy” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $200.00.

Rogers Stock Performance

Rogers stock opened at $130.28 on Friday. Rogers Corporation has a 1 year low of $61.17 and a 1 year high of $169.00. The firm’s 50-day moving average is $144.91 and its 200-day moving average is $122.47. The company has a market cap of $2.33 billion, a P/E ratio of -43.28 and a beta of 0.48.

Rogers (NYSE:ROG) last announced its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The business had revenue of $200.50 million during the quarter, compared to the consensus estimate of $200.50 million. Rogers had a negative net margin of 6.81% and a positive return on equity of 4.31%. Rogers has set its Q2 2026 guidance at 0.900-1.100 EPS. As a group, sell-side analysts predict that Rogers Corporation will post 3.71 earnings per share for the current year.

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.