5,462 Shares in Corning Incorporated $GLW Purchased by Intrua Financial LLC

Intrua Financial LLC acquired a new stake in Corning Incorporated (NYSE:GLW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,462 shares of the electronics maker’s stock, valued at approximately $448,000.

A number of other large investors have also modified their holdings of GLW. Vista Investment Partners LLC lifted its stake in shares of Corning by 1.3% in the third 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 in the last quarter. Sapient Capital LLC raised its holdings in Corning by 2.2% in the 3rd quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock valued at $452,000 after acquiring an additional 120 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in 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 buying an additional 124 shares during the last quarter. Fiduciary Alliance LLC grew its holdings in shares of Corning by 0.7% in the third 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 period. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Corning by 0.5% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 30,658 shares of the electronics maker’s stock worth $2,515,000 after buying an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GLW. Morgan Stanley upped their price target on Corning from $82.00 to $98.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. UBS Group reiterated a “buy” rating and set a $109.00 target price (up previously from $100.00) on shares of Corning in a research note on Friday, November 21st. Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Barclays upped their price target 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. Finally, Argus upped their price objective on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.36.

Corning Trading Down 1.9%

GLW opened at $92.39 on Wednesday. The stock has a market capitalization of $79.21 billion, a price-to-earnings ratio of 58.47, a P/E/G ratio of 1.16 and a beta of 1.13. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $96.64. The company has a 50-day simple moving average of $87.07 and a 200 day simple moving average of $77.71.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, beating 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 company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the previous year, the company earned $0.54 EPS. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Analysts predict that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Lewis A. Steverson sold 23,142 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $89.05, for a total transaction of $2,060,795.10. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric S. Musser sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $90.17, for a total value of $9,017,000.00. Following the completion of the sale, the insider directly owned 44,926 shares in the company, valued at $4,050,977.42. This trade represents a 69.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 156,135 shares of company stock valued at $14,088,769 over the last ninety days. Company insiders own 0.32% of the company’s stock.

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.