Trivium Point Advisory LLC Buys New Stake in Corning Incorporated $GLW

Trivium Point Advisory LLC bought a new stake in shares of Corning Incorporated (NYSE:GLW) in the second quarter, Holdings Channel reports. The fund bought 3,984 shares of the electronics maker’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Davis Investment Partners LLC acquired a new position in Corning during the second quarter valued at $251,000. Central Pacific Bank Trust Division lifted its position in Corning by 23.6% during the second quarter. Central Pacific Bank Trust Division now owns 72,982 shares of the electronics maker’s stock valued at $3,838,000 after purchasing an additional 13,920 shares during the period. Strs Ohio acquired a new position in shares of Corning in the first quarter worth about $27,219,000. Acadian Asset Management LLC raised its position in shares of Corning by 4,346.5% in the first quarter. Acadian Asset Management LLC now owns 153,984 shares of the electronics maker’s stock worth $7,048,000 after acquiring an additional 150,521 shares during the period. Finally, Intech Investment Management LLC raised its position in shares of Corning by 507.6% in the first quarter. Intech Investment Management LLC now owns 211,124 shares of the electronics maker’s stock worth $9,665,000 after acquiring an additional 176,379 shares during the period. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Trading Up 1.3%

GLW opened at $83.10 on Thursday. Corning Incorporated has a one year low of $37.31 and a one year high of $83.75. The stock has a market capitalization of $71.18 billion, a PE ratio of 88.40, a P/E/G ratio of 1.83 and a beta of 1.14. The business’s 50 day moving average price is $69.64 and its 200 day moving average price is $55.42. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.50.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, July 29th. The electronics maker reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Corning had a return on equity of 17.27% and a net margin of 5.77%.The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the prior year, the firm posted $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. As a group, equities research analysts expect that Corning Incorporated will post 2.33 EPS for the current year.

Insider Transactions at Corning

In other news, SVP Jaymin Amin sold 17,721 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $77.18, for a total value of $1,367,706.78. Following the transaction, the senior vice president directly owned 88,722 shares in the company, valued at approximately $6,847,563.96. This represents a 16.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Avery H. Nelson III sold 36,240 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $62.26, for a total transaction of $2,256,302.40. Following the completion of the transaction, the chief operating officer owned 64,838 shares in the company, valued at approximately $4,036,813.88. This represents a 35.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 181,671 shares of company stock worth $11,816,899. 0.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on GLW. Oppenheimer reiterated an “outperform” rating and issued a $72.00 price objective (up previously from $55.00) on shares of Corning in a research report on Wednesday, July 30th. Argus reissued a “buy” rating and set a $68.00 target price on shares of Corning in a research note on Wednesday, July 30th. UBS Group upped their price objective on shares of Corning from $84.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Susquehanna reaffirmed a “positive” rating and set a $75.00 price objective (up previously from $60.00) on shares of Corning in a research note on Wednesday, July 30th. Finally, Morgan Stanley set a $56.00 price objective on shares of Corning and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.08.

Corning Company Profile

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.