BI Asset Management Fondsmaeglerselskab A S Reduces Stock Holdings in Corning Incorporated $GLW

BI Asset Management Fondsmaeglerselskab A S reduced its position in shares of Corning Incorporated (NYSE:GLW) by 27.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 66,561 shares of the electronics maker’s stock after selling 25,448 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Corning were worth $5,460,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its holdings in shares of Corning by 32.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 5,726 shares of the electronics maker’s stock worth $470,000 after buying an additional 1,407 shares during the last quarter. Savant Capital LLC increased its stake in Corning by 4.1% during the third quarter. Savant Capital LLC now owns 89,141 shares of the electronics maker’s stock worth $7,312,000 after acquiring an additional 3,491 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of Corning by 35.2% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 55,217 shares of the electronics maker’s stock valued at $4,529,000 after purchasing an additional 14,366 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Corning by 71.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,462 shares of the electronics maker’s stock worth $202,000 after purchasing an additional 1,026 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Corning by 17.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,615,471 shares of the electronics maker’s stock worth $132,517,000 after purchasing an additional 234,301 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GLW has been the subject of several research analyst reports. Argus increased 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. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Morgan Stanley lifted their target price on shares of Corning from $98.00 to $103.00 and gave the company an “equal weight” rating in a report on Thursday, January 29th. Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. Finally, UBS Group reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Corning in a research note on Friday, January 30th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $112.36.

Insider Buying and Selling

In other news, insider Eric S. Musser sold 25,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $110.00, for a total value of $2,750,000.00. Following the sale, the insider directly owned 19,926 shares in the company, valued at approximately $2,191,860. This trade represents a 55.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Edward A. Schlesinger sold 21,104 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the transaction, the chief financial officer owned 54,780 shares of the company’s stock, valued at approximately $5,727,249. The trade was a 27.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 55,945 shares of company stock worth $6,072,986. Company insiders own 0.40% of the company’s stock.

Corning Stock Performance

NYSE:GLW opened at $122.31 on Friday. The company has a market cap of $104.86 billion, a price-to-earnings ratio of 66.47, a price-to-earnings-growth ratio of 1.95 and a beta of 1.13. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $122.56. The company has a fifty day simple moving average of $92.96 and a two-hundred day simple moving average of $82.06.

Corning (NYSE:GLW) last released its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the business posted $0.57 earnings per share. Corning’s revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, equities analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

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.