Corning Incorporated $GLW Shares Purchased by TIAA Trust National Association

TIAA Trust National Association lifted its holdings in Corning Incorporated (NYSE:GLW) by 4.4% in the second quarter, Holdings Channel reports. The firm owned 13,954 shares of the electronics maker’s stock after buying an additional 594 shares during the period. TIAA Trust National Association’s holdings in Corning were worth $734,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GLW. Brighton Jones LLC boosted its position in shares of Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 2,114 shares in the last quarter. Mutual Advisors LLC acquired a new stake in Corning during the 1st quarter worth about $227,000. Silver Oak Securities Incorporated purchased a new stake in Corning during the 1st quarter valued at about $188,000. OneDigital Investment Advisors LLC grew its stake in Corning by 33.8% during the 1st quarter. OneDigital Investment Advisors LLC now owns 33,192 shares of the electronics maker’s stock valued at $1,520,000 after purchasing an additional 8,391 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in Corning by 472.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 35,020 shares of the electronics maker’s stock valued at $1,603,000 after purchasing an additional 28,899 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Buying and Selling

In related news, EVP Lewis A. Steverson sold 23,142 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $89.05, for a total value of $2,060,795.10. Following the completion of the sale, the executive vice president owned 17,575 shares of the company’s stock, valued at approximately $1,565,053.75. The trade was a 56.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric S. Musser sold 100,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the completion of the sale, the insider directly owned 44,926 shares of the company’s stock, valued at approximately $4,050,977.42. The trade was a 69.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 255,959 shares of company stock worth $20,808,771 in the last 90 days. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

GLW has been the topic of several research analyst reports. Oppenheimer set a $100.00 price target on Corning and gave the company an “outperform” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. raised their price target on shares of Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Wall Street Zen lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. Citigroup raised their price target on shares of Corning from $93.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Susquehanna raised their price target on shares of Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.82.

Corning Stock Performance

Shares of GLW stock opened at $85.17 on Wednesday. The stock has a market cap of $72.96 billion, a PE ratio of 53.91, a price-to-earnings-growth ratio of 1.99 and a beta of 1.14. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $92.57. The company has a quick ratio of 0.93, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. The business has a 50-day simple moving average of $80.54 and a 200-day simple moving average of $62.76.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.24 billion. Corning had a return on equity of 18.12% and a net margin of 9.16%.Corning’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, equities analysts expect that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 14th. Corning’s payout ratio is presently 70.89%.

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.