Nordea Investment Management AB Purchases 7,487 Shares of Corning Incorporated $GLW

Nordea Investment Management AB boosted its position in shares of Corning Incorporated (NYSE:GLW) by 10.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,138 shares of the electronics maker’s stock after acquiring an additional 7,487 shares during the period. Nordea Investment Management AB’s holdings in Corning were worth $6,340,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on GLW shares. Oppenheimer set a $100.00 price objective on Corning and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Citigroup lifted their target price on shares of Corning from $99.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Susquehanna increased their price target on shares of Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. Argus raised their price objective on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. upped their target price 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. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Corning presently has a consensus rating of “Moderate Buy” and an average target price of $93.36.

Corning Stock Performance

Corning stock opened at $94.31 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $80.86 billion, a PE ratio of 59.69, a P/E/G ratio of 1.16 and a beta of 1.13. The firm has a fifty day simple moving average of $86.87 and a two-hundred day simple moving average of $76.97. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $96.64.

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, beating analysts’ consensus estimates of $0.66 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same period last year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Research analysts expect that Corning Incorporated will post 2.33 EPS for the current year.

Insider Buying and Selling

In other Corning news, EVP Lewis A. Steverson sold 23,142 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was 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 in the company, valued at approximately $1,565,053.75. The trade was a 56.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Edward A. Schlesinger sold 20,893 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $91.25, for a total value of $1,906,486.25. Following the sale, the chief financial officer directly owned 66,959 shares of the company’s stock, valued at approximately $6,110,008.75. This trade represents a 23.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 156,135 shares of company stock valued at $14,088,769 over the last quarter. Company 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.