MASTERINVEST Kapitalanlage GmbH Decreases Stock Holdings in Corning Incorporated $GLW

MASTERINVEST Kapitalanlage GmbH reduced its holdings in Corning Incorporated (NYSE:GLW) by 38.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 27,663 shares of the electronics maker’s stock after selling 17,233 shares during the period. MASTERINVEST Kapitalanlage GmbH’s holdings in Corning were worth $2,269,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GLW. Vanguard Group Inc. grew its position in Corning by 1.6% in the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock worth $5,151,301,000 after acquiring an additional 1,582,895 shares in the last quarter. State Street Corp lifted its stake in shares of Corning by 1.4% in the 2nd quarter. State Street Corp now owns 36,568,973 shares of the electronics maker’s stock valued at $1,923,162,000 after purchasing an additional 509,013 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Corning by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 19,443,525 shares of the electronics maker’s stock valued at $1,018,629,000 after purchasing an additional 112,739 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Corning by 8.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock worth $724,432,000 after purchasing an additional 1,036,988 shares during the period. Finally, Norges Bank bought a new position in shares of Corning during the 2nd quarter valued at approximately $534,936,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Stock Performance

Shares of NYSE:GLW opened at $85.23 on Friday. The firm’s 50 day simple moving average is $86.42 and its 200-day simple moving average is $75.44. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.56. Corning Incorporated has a one year low of $37.31 and a one year high of $96.64. The firm has a market cap of $73.07 billion, a PE ratio of 53.94, a price-to-earnings-growth ratio of 1.56 and a beta of 1.13.

Corning (NYSE:GLW) last announced its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. The company had revenue of $4.10 billion for 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 revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, equities analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Wall Street Analysts Forecast Growth

GLW has been the subject of several recent analyst reports. Barclays lifted their price objective on shares of Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. UBS Group reaffirmed a “buy” rating and set a $109.00 price target (up from $100.00) on shares of Corning in a research note on Friday, November 21st. Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Mizuho set a $97.00 price objective on shares of Corning in a research note on Wednesday, October 29th. Finally, Citigroup boosted their target price on Corning from $93.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and an average price target of $93.09.

Insider Transactions at Corning

In other Corning news, insider Eric S. Musser sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the transaction, the insider owned 44,926 shares of the company’s stock, valued at approximately $4,050,977.42. This trade represents a 69.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lewis A. Steverson sold 23,142 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $89.05, for a total transaction 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. This represents a 56.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 156,135 shares of company stock worth $14,088,769. Corporate insiders own 0.40% of the company’s stock.

Corning Profile

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.