MASTERINVEST Kapitalanlage GmbH Sells 17,233 Shares of Corning Incorporated $GLW

MASTERINVEST Kapitalanlage GmbH cut its holdings in Corning Incorporated (NYSE:GLW) by 38.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,663 shares of the electronics maker’s stock after selling 17,233 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in Corning were worth $2,269,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Vista Investment Partners LLC raised its stake in Corning by 1.3% during the 3rd quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock worth $779,000 after buying an additional 119 shares during the period. Sapient Capital LLC lifted its stake in shares of Corning by 2.2% in the third quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock valued at $452,000 after buying an additional 120 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Corning by 1.6% during the third quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock worth $635,000 after acquiring an additional 124 shares in the last quarter. Fiduciary Alliance LLC boosted its stake in Corning by 0.7% during the 3rd quarter. Fiduciary Alliance LLC now owns 18,474 shares of the electronics maker’s stock valued at $1,515,000 after purchasing an additional 137 shares during the last quarter. Finally, Old North State Wealth Management LLC raised its stake in shares of Corning by 0.4% in the third quarter. Old North State Wealth Management LLC now owns 40,468 shares of the electronics maker’s stock worth $3,320,000 after purchasing an additional 143 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Activity at Corning

In other Corning news, SVP Stefan Becker sold 12,100 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total value of $1,104,488.00. Following the transaction, the senior vice president directly owned 5,049 shares of the company’s stock, valued at approximately $460,872.72. This trade represents a 70.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Lewis A. Steverson sold 23,142 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $89.05, for a total value of $2,060,795.10. Following the completion of the sale, the executive vice president owned 17,575 shares of the company’s stock, valued at approximately $1,565,053.75. The trade was a 56.84% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 156,135 shares of company stock worth $14,088,769. Company insiders own 0.40% of the company’s stock.

Corning Price Performance

GLW stock opened at $85.23 on Friday. The stock has a market capitalization of $73.07 billion, a price-to-earnings ratio of 53.94, a PEG ratio of 1.56 and a beta of 1.13. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $96.64. The firm’s 50-day moving average price is $86.42 and its two-hundred day moving average price is $75.44. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last posted 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 business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.24 billion. Corning had a return on equity of 18.12% and a net margin of 9.16%.The business’s revenue was up 20.9% on a year-over-year basis. During the same period in the previous 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 predict that Corning Incorporated will post 2.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GLW has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a research report on Monday, December 29th. Barclays lifted their price objective on shares of Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their target price on Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Argus boosted their price target on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Oppenheimer set a $100.00 price objective on Corning and gave the company an “outperform” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.09.

About Corning

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.