Vise Technologies Inc. Acquires Shares of 12,069 Corning Incorporated $GLW

Vise Technologies Inc. bought a new position in Corning Incorporated (NYSE:GLW) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 12,069 shares of the electronics maker’s stock, valued at approximately $635,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GLW. Davis Investment Partners LLC purchased a new stake in Corning in the 2nd quarter worth about $251,000. Central Pacific Bank Trust Division increased its holdings in shares of Corning by 23.6% in the second quarter. Central Pacific Bank Trust Division now owns 72,982 shares of the electronics maker’s stock worth $3,838,000 after purchasing an additional 13,920 shares during the period. Motley Fool Asset Management LLC raised its holdings in shares of Corning by 10.5% in the 2nd quarter. Motley Fool Asset Management LLC now owns 44,037 shares of the electronics maker’s stock valued at $2,316,000 after acquiring an additional 4,183 shares in the last quarter. Strs Ohio purchased a new stake in Corning in the first quarter valued at approximately $27,219,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Corning by 4,346.5% during the 1st quarter. Acadian Asset Management LLC now owns 153,984 shares of the electronics maker’s stock worth $7,048,000 after acquiring an additional 150,521 shares during the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Stock Performance

Shares of GLW stock opened at $81.83 on Friday. The company has a market capitalization of $70.16 billion, a price-to-earnings ratio of 51.79, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 1.56. Corning Incorporated has a one year low of $37.31 and a one year high of $92.57. The company’s 50-day moving average is $83.36 and its 200 day moving average is $64.90.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. Corning had a net margin of 9.16% and a return on equity of 18.12%. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The business’s revenue was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Sell-side analysts expect that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, November 14th. Corning’s dividend payout ratio (DPR) is currently 70.89%.

Insiders Place Their Bets

In related news, SVP Jaymin Amin sold 17,721 shares of Corning stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $77.18, for a total value of $1,367,706.78. Following the completion of the sale, the senior vice president directly owned 88,722 shares in the company, valued at approximately $6,847,563.96. This trade represents a 16.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric S. Musser sold 100,000 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the transaction, the insider owned 44,926 shares in the company, valued at $4,050,977.42. This represents a 69.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 173,856 shares of company stock worth $15,456,476. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on GLW shares. JPMorgan Chase & Co. upped their target price on Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Argus boosted their target price on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. UBS Group increased their price target on shares of Corning from $91.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a research report on Thursday. Finally, Wall Street Zen cut shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Corning has a consensus rating of “Moderate Buy” and a consensus price target of $90.82.

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.