3Chopt Investment Partners LLC Has $514,000 Stake in Corning Incorporated $GLW

3Chopt Investment Partners LLC raised its stake in Corning Incorporated (NYSE:GLW) by 30.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,772 shares of the electronics maker’s stock after buying an additional 2,302 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in Corning were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in GLW. REAP Financial Group LLC raised its position in shares of Corning by 191.5% during the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 339 shares during the period. Investment Management Corp VA ADV raised its position in shares of Corning by 165.9% during the first quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 463 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Corning by 90.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 353 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Corning during the first quarter worth about $34,000. Finally, Resources Management Corp CT ADV raised its position in shares of Corning by 66.7% during the first quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Up 0.2%

GLW stock opened at $87.24 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $72.77 and a two-hundred day moving average price of $56.94. The company has a market cap of $74.73 billion, a price-to-earnings ratio of 92.81, a P/E/G ratio of 1.94 and a beta of 1.14. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $87.75.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.84 billion. Corning had a return on equity of 17.27% and a net margin of 5.77%.During the same period last year, the company earned $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Analysts anticipate that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, November 14th. Corning’s dividend payout ratio (DPR) is currently 119.15%.

Insider Activity at Corning

In other news, SVP Michael Paul O’day sold 14,879 shares of Corning stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $62.36, for a total transaction of $927,854.44. Following the completion of the transaction, the senior vice president directly owned 35,743 shares in the company, valued at approximately $2,228,933.48. The trade was a 29.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Avery H. Nelson III sold 36,240 shares of Corning stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $62.26, for a total value of $2,256,302.40. Following the transaction, the chief operating officer owned 64,838 shares of the company’s stock, valued at $4,036,813.88. This represents a 35.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 181,671 shares of company stock worth $11,816,899 in the last three months. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GLW. JPMorgan Chase & Co. raised their price target on Corning from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Wall Street Zen lowered Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. Wolfe Research initiated coverage on Corning in a research report on Tuesday, July 8th. They issued an “outperform” rating on the stock. Citigroup lifted their target price on Corning from $72.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Finally, Argus reissued a “buy” rating and issued a $68.00 target price on shares of Corning in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.42.

Corning Profile

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.