Corning Incorporated $GLW Holdings Reduced by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC lowered its position in Corning Incorporated (NYSE:GLW) by 12.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strengthening Families & Communities LLC bought a new stake in Corning during the 3rd quarter valued at $27,000. Total Investment Management Inc. bought a new position in shares of Corning in the second quarter worth $28,000. Cornerstone Planning Group LLC increased its holdings in shares of Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 124 shares during the period. Financial Management Professionals Inc. raised its stake in shares of Corning by 111.1% during the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Corning during the second quarter valued at about $36,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on GLW. Barclays set a $100.00 target price on shares of Corning in a research note on Thursday, January 29th. Morgan Stanley raised their price objective on shares of Corning from $98.00 to $103.00 and gave the company an “equal weight” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. boosted their target price on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. UBS Group reaffirmed a “buy” rating and set a $125.00 price target on shares of Corning in a research note on Friday, January 30th. Finally, Fox Advisors downgraded Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $112.36.

Insider Transactions at Corning

In other news, SVP Li Fang sold 9,797 shares of Corning stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total value of $1,112,057.47. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 shares were sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the completion of the sale, the chief financial officer owned 54,780 shares of the company’s stock, valued at approximately $5,727,249. This trade represents a 27.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 55,945 shares of company stock valued at $6,072,986 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Corning Stock Up 8.4%

Shares of Corning stock opened at $122.31 on Friday. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $122.56. The firm has a market capitalization of $104.86 billion, a PE 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. The stock’s fifty day moving average is $92.96 and its 200-day moving average is $82.06.

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

Corning Company 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.