Credit Suisse AG cut its stake in shares of Rogers Corporation (NYSE:ROG) by 23.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,293 shares of the electronics maker’s stock after selling 8,220 shares during the period. Credit Suisse AG owned about 0.15% of Rogers Corporation worth $2,258,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ROG. State of Alaska Department of Revenue increased its stake in shares of Rogers Corporation by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 1,990 shares of the electronics maker’s stock valued at $170,000 after buying an additional 40 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Rogers Corporation by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 4,110 shares of the electronics maker’s stock valued at $353,000 after buying an additional 50 shares during the last quarter. Clinton Group Inc. increased its stake in shares of Rogers Corporation by 1.7% in the first quarter. Clinton Group Inc. now owns 2,992 shares of the electronics maker’s stock valued at $257,000 after buying an additional 51 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Rogers Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the electronics maker’s stock valued at $627,000 after buying an additional 100 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Rogers Corporation by 2.0% in the first quarter. US Bancorp DE now owns 6,390 shares of the electronics maker’s stock valued at $549,000 after buying an additional 124 shares during the last quarter. 92.86% of the stock is currently owned by institutional investors and hedge funds.

Rogers Corporation (NYSE ROG) traded down 0.61% during mid-day trading on Monday, reaching $118.23. 6,593 shares of the company were exchanged. The stock has a market capitalization of $2.15 billion, a P/E ratio of 28.51 and a beta of 1.16. Rogers Corporation has a 12 month low of $51.98 and a 12 month high of $123.38. The company’s 50 day moving average price is $111.59 and its 200-day moving average price is $95.87.

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

TRADEMARK VIOLATION WARNING: “Credit Suisse AG Has $2.26 Million Position in Rogers Corporation (ROG)” was published by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://www.dailypolitical.com/2017/08/07/credit-suisse-ag-has-2-26-million-position-in-rogers-corporation-rog.html.

Several analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $147.00 target price on shares of Rogers Corporation in a report on Saturday. Zacks Investment Research downgraded shares of Rogers Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. Sidoti raised shares of Rogers Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday, April 11th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Rogers Corporation in a report on Tuesday, May 23rd. Finally, BidaskClub downgraded shares of Rogers Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $132.25.

In other Rogers Corporation news, Director Peter C. Wallace sold 2,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $107.28, for a total transaction of $214,560.00. Following the transaction, the director now owns 14,300 shares of the company’s stock, valued at approximately $1,534,104. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Robert C. Daigle sold 4,485 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $121.52, for a total transaction of $545,017.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,335 shares of company stock worth $961,589. 1.50% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for Rogers Corporation (NYSE:ROG)

Receive News & Ratings for Rogers Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers Corporation and related companies with MarketBeat.com's FREE daily email newsletter.