Oregon Public Employees Retirement Fund Raises Position in Corning Incorporated $GLW

Oregon Public Employees Retirement Fund increased its stake in Corning Incorporated (NYSE:GLW) by 33.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 89,044 shares of the electronics maker’s stock after purchasing an additional 22,541 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Corning were worth $7,304,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Corning by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock worth $5,151,301,000 after acquiring an additional 1,582,895 shares during the period. State Street Corp lifted its position in shares of Corning by 1.4% during the second quarter. State Street Corp now owns 36,568,973 shares of the electronics maker’s stock worth $1,923,162,000 after purchasing an additional 509,013 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Corning by 0.6% in the second quarter. Geode Capital Management LLC now owns 19,443,525 shares of the electronics maker’s stock valued at $1,018,629,000 after purchasing an additional 112,739 shares during the period. Ameriprise Financial Inc. grew its holdings in Corning by 8.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock valued at $724,432,000 after purchasing an additional 1,036,988 shares in the last quarter. Finally, Norges Bank purchased a new stake in Corning during the 2nd quarter worth $534,936,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GLW has been the subject of a number of analyst reports. Wall Street Zen cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a research note on Monday, December 29th. Susquehanna lifted their price objective on Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. Morgan Stanley increased their target price on Corning from $82.00 to $98.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Finally, Citigroup lifted their price target on shares of Corning from $93.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Corning has an average rating of “Moderate Buy” and a consensus target price of $93.09.

Corning Stock Down 0.1%

Corning stock opened at $85.23 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.56. Corning Incorporated has a one year low of $37.31 and a one year high of $96.64. The company has a 50-day simple moving average of $86.42 and a 200-day simple moving average of $75.44. The firm has a market capitalization of $73.07 billion, a P/E ratio of 53.94, a P/E/G ratio of 1.56 and a beta of 1.13.

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

Insiders Place Their Bets

In other news, insider Eric S. Musser sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the completion of the transaction, the insider directly owned 44,926 shares in the company, valued at approximately $4,050,977.42. The trade was a 69.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Stefan Becker sold 12,100 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $91.28, for a total value of $1,104,488.00. Following the completion of the sale, the senior vice president owned 5,049 shares in the company, valued at approximately $460,872.72. This represents a 70.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 156,135 shares of company stock worth $14,088,769. 0.40% of the stock is currently owned by corporate 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.