Moloney Securities Asset Management LLC Has $5.62 Million Stock Position in Corning Incorporated $GLW

Moloney Securities Asset Management LLC lowered its position in Corning Incorporated (NYSE:GLW) by 12.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,528 shares of the electronics maker’s stock after selling 9,305 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Corning were worth $5,621,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLW. Canada Post Corp Registered Pension Plan lifted its holdings in shares of Corning by 104.9% during the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 26,176 shares of the electronics maker’s stock valued at $2,101,000 after buying an additional 13,400 shares during the last quarter. Ledyard National Bank bought a new position in Corning during the third quarter valued at approximately $376,000. Wellington Shields Capital Management LLC lifted its stake in Corning by 10.1% in the third quarter. Wellington Shields Capital Management LLC now owns 30,510 shares of the electronics maker’s stock valued at $2,503,000 after acquiring an additional 2,810 shares during the last quarter. State of Michigan Retirement System lifted its stake in Corning by 0.5% in the third quarter. State of Michigan Retirement System now owns 256,159 shares of the electronics maker’s stock valued at $21,013,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC increased its stake in shares of Corning by 26.4% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 9,662 shares of the electronics maker’s stock worth $793,000 after purchasing an additional 2,018 shares during the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Price Performance

NYSE GLW opened at $122.31 on Friday. The stock has a 50-day simple moving average of $92.96 and a 200 day simple moving average of $82.06. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $122.56. The stock has a market capitalization of $104.86 billion, a PE ratio of 66.47, a P/E/G ratio of 1.95 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59.

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 for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the firm posted $0.57 EPS. The company’s revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Research analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GLW shares. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Susquehanna boosted their price target on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Citigroup increased their price objective on Corning from $102.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Argus raised their price objective on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings cut Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 27th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.36.

Insider Buying and Selling

In other news, SVP Li Fang sold 9,797 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total transaction of $1,112,057.47. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Eric S. Musser sold 25,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the transaction, the insider directly owned 19,926 shares of the company’s stock, valued at $2,191,860. This represents a 55.65% decrease in their position. 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 valued at $6,072,986. 0.40% of the stock is owned by company insiders.

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.