J.W. Cole Advisors Inc. lifted its holdings in shares of Corning Incorporated (NYSE:GLW – Free Report) by 35.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,217 shares of the electronics maker’s stock after purchasing an additional 14,366 shares during the period. J.W. Cole Advisors Inc.’s holdings in Corning were worth $4,529,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after buying an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. bought a new position in shares of Corning during the first quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Corning by 9.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after acquiring an additional 5,522 shares during the period. Sivia Capital Partners LLC bought a new stake in Corning in the second quarter valued at approximately $401,000. Finally, Ameritas Advisory Services LLC bought a new stake in Corning in the second quarter valued at approximately $127,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.
Corning Trading Up 2.7%
NYSE:GLW opened at $112.70 on Friday. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $117.30. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $96.62 billion, a price-to-earnings ratio of 61.25, a PEG ratio of 1.90 and a beta of 1.13. The firm has a fifty day simple moving average of $92.19 and a two-hundred day simple moving average of $81.58.
Trending Headlines about Corning
Here are the key news stories impacting Corning this week:
- Positive Sentiment: Deal-related growth: Coverage ties Corning’s Meta-related work and its Project Vault efforts directly to accelerating AI data-center buildouts, a high-growth end market for Corning’s optical and fiber products. Corning Ties Meta Deal And Project Vault To AI Data Center Growth
- Positive Sentiment: Analyst optimism: At least one firm raised GLW’s price target ~17% to $113.92, reflecting upgraded expectations after deal announcements and improving fundamentals. Corning (GLW) price target increased by 17.46% to 113.92
- Positive Sentiment: Narrative shift and analyst revisions: Commentary notes a shift in the investment narrative after new deals and analyst upgrades, helping re-rate the stock. How The Narrative Around Corning (GLW) Is Shifting After New Deals And Analyst Revisions
- Positive Sentiment: Macro/sector tailwind: Multiple write-ups position Corning as a “hidden winner” in AI investing and highlight that the stock has more than doubled over the past year thanks to earnings beats and strategic partnerships. How Corning Stock Has Quietly Doubled
- Neutral Sentiment: Positive coverage from research outlets (Zacks, MSN) reiterates long-term growth potential based on style scores and fundamentals; supportive but not new catalyst-specific news. Why Corning (GLW) is a Top Growth Stock for the Long-Term
- Negative Sentiment: Insider selling: SVP Li Fang sold 9,797 shares at ~$113.51 (SEC Form 4), which investors may view as a mild negative signal despite no unusual context provided. Li Fang SEC Form 4
- Negative Sentiment: Another exec sale: Reporting shows Eric Musser sold 25,000 shares; multiple small insider sales can temper sentiment even if they’re routine. Eric Musser Sells 25,000 Shares of Corning (NYSE:GLW) Stock
Analyst Ratings Changes
Several research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Argus lifted their target price on shares of Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Mizuho boosted their target price on shares of Corning from $97.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Oppenheimer set a $120.00 price target on Corning in a report on Thursday, January 29th. Finally, Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.36.
View Our Latest Analysis on Corning
Insiders Place Their Bets
In other Corning news, SVP Li Fang sold 9,797 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Edward A. Schlesinger sold 21,104 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total value of $2,206,423.20. Following the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at $5,727,249. The trade was a 27.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 55,945 shares of company stock worth $6,072,986. Corporate insiders own 0.40% of the company’s stock.
About Corning
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.
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