Corning Incorporated $GLW Shares Sold by Strs Ohio

Strs Ohio decreased its stake in Corning Incorporated (NYSE:GLW) by 28.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 459,369 shares of the electronics maker’s stock after selling 179,168 shares during the period. Strs Ohio owned 0.05% of Corning worth $37,682,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of GLW. CVA Family Office LLC lifted its position in Corning by 10.3% in the third quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock valued at $98,000 after acquiring an additional 111 shares during the last quarter. Vista Investment Partners LLC lifted its holdings in shares of Corning by 1.3% in the 3rd quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock valued at $779,000 after purchasing an additional 119 shares during the last quarter. Sapient Capital LLC boosted its position in shares of 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 purchasing an additional 120 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Corning by 1.6% in the 3rd quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock valued at $635,000 after purchasing an additional 124 shares during the period. Finally, Fiduciary Alliance LLC grew 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 worth $1,515,000 after buying an additional 137 shares during the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Corning news, SVP Stefan Becker sold 12,100 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $91.28, for a total transaction of $1,104,488.00. Following the sale, the senior vice president directly owned 5,049 shares in the company, valued at approximately $460,872.72. The trade was a 70.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lewis A. Steverson sold 23,142 shares of the company’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 transaction, the executive vice president directly owned 17,575 shares in the company, valued at approximately $1,565,053.75. This trade represents a 56.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 156,135 shares of company stock valued at $14,088,769 in the last three months. 0.40% of the stock is owned by corporate insiders.

Corning Trading Down 1.0%

Shares of Corning stock opened at $93.37 on Friday. The firm has a market cap of $80.05 billion, a price-to-earnings ratio of 59.09, a price-to-earnings-growth ratio of 1.65 and a beta of 1.13. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $96.64. The company’s 50-day simple moving average is $87.63 and its 200-day simple moving average is $78.22. 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 (NYSE:GLW) last announced its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The firm’s revenue was up 20.9% compared to the same quarter last year. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, equities research analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GLW shares. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a report on Friday. Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Barclays lifted their price objective on shares of Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. increased their target price on shares of Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Argus raised their price target 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 issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Corning currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.36.

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.