Rogers Corporation (NYSE:ROG)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a note issued to investors on Wednesday. They presently have a $135.00 price target on the electronics maker’s stock, up from their previous price target of $115.00. Needham & Company LLC’s target price suggests a potential upside of 13.49% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Sidoti restated a “buy” rating and issued a $125.00 target price (up previously from $120.00) on shares of Rogers Corporation in a research note on Monday, June 19th. BidaskClub downgraded Rogers Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. B. Riley restated a “buy” rating and issued a $120.00 target price on shares of Rogers Corporation in a research note on Saturday, April 29th. Zacks Investment Research downgraded Rogers Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Rogers Corporation in a research report on Tuesday, May 23rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $125.50.

Shares of Rogers Corporation (ROG) traded up 3.42% on Wednesday, reaching $118.95. The company’s stock had a trading volume of 182,195 shares. The firm’s 50-day moving average price is $111.59 and its 200-day moving average price is $95.87. Rogers Corporation has a 12 month low of $51.98 and a 12 month high of $123.38. The stock has a market cap of $2.16 billion, a P/E ratio of 28.68 and a beta of 1.16.

Rogers Corporation (NYSE:ROG) last issued its earnings results on Monday, July 31st. The electronics maker reported $1.33 EPS for the quarter, topping the consensus estimate of $1.20 by $0.13. Rogers Corporation had a return on equity of 13.28% and a net margin of 10.21%. The business had revenue of $201.40 million during the quarter, compared to the consensus estimate of $195.60 million. During the same quarter last year, the company earned $0.88 EPS. The firm’s revenue was up 27.9% compared to the same quarter last year. On average, analysts forecast that Rogers Corporation will post $5.55 earnings per share for the current fiscal year.

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In other news, SVP Robert C. Daigle sold 4,485 shares of Rogers Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $121.52, for a total transaction of $545,017.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gary M. Glandon sold 1,000 shares of Rogers Corporation stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $107.50, for a total value of $107,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,335 shares of company stock valued at $961,589. Corporate insiders own 1.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased its stake in shares of Rogers Corporation by 30.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 11,057 shares of the electronics maker’s stock worth $1,201,000 after buying an additional 2,559 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Rogers Corporation by 431.6% in the second quarter. BNP Paribas Arbitrage SA now owns 19,642 shares of the electronics maker’s stock worth $2,134,000 after buying an additional 15,947 shares during the period. Legal & General Group Plc increased its stake in shares of Rogers Corporation by 8.8% in the second quarter. Legal & General Group Plc now owns 35,403 shares of the electronics maker’s stock worth $3,845,000 after buying an additional 2,877 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Rogers Corporation by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 350,482 shares of the electronics maker’s stock worth $38,070,000 after buying an additional 23,705 shares during the period. Finally, Alps Advisors Inc. increased its stake in shares of Rogers Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,891 shares of the electronics maker’s stock worth $640,000 after buying an additional 16 shares during the period. Hedge funds and other institutional investors own 93.13% of the company’s stock.

Rogers Corporation Company Profile

Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.

Analyst Recommendations for Rogers Corporation (NYSE:ROG)

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