PFG Investments LLC Has $7.26 Million Position in Corning Incorporated $GLW

PFG Investments LLC raised its holdings in shares of Corning Incorporated (NYSE:GLW) by 49.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,528 shares of the electronics maker’s stock after purchasing an additional 29,365 shares during the quarter. PFG Investments LLC’s holdings in Corning were worth $7,262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLW. Norges Bank acquired a new stake in shares of Corning during the 2nd quarter worth about $534,936,000. Voya Investment Management LLC raised its holdings in Corning by 748.0% in the 3rd quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock valued at $260,014,000 after acquiring an additional 2,795,948 shares during the period. Raymond James Financial Inc. lifted its position in Corning by 93.0% during the second quarter. Raymond James Financial Inc. now owns 3,407,608 shares of the electronics maker’s stock worth $179,206,000 after acquiring an additional 1,641,558 shares during the last quarter. Vanguard Group Inc. lifted its position in Corning by 1.6% during the second 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 last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Corning by 125.8% during the third quarter. Assenagon Asset Management S.A. now owns 2,683,497 shares of the electronics maker’s stock worth $220,127,000 after acquiring an additional 1,495,277 shares during the period. 69.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GLW has been the subject of several research reports. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a report on Friday. Barclays lifted their target price on Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Argus upped their price target on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Oppenheimer set a $100.00 price target on shares of Corning and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Finally, Mizuho set a $97.00 price objective on shares of Corning in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.36.

Corning Stock Down 1.0%

GLW stock opened at $93.37 on Friday. The firm has a 50-day moving average price of $87.63 and a 200-day moving average price of $78.22. 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 Incorporated has a 12 month low of $37.31 and a 12 month high of $96.64. The stock has a market capitalization of $80.05 billion, a P/E ratio of 59.09, a price-to-earnings-growth ratio of 1.65 and a beta of 1.13.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping 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 return on equity of 18.12% and a net margin of 9.16%.The business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share. 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 EPS for the current fiscal year.

Insider Buying and Selling

In other Corning news, SVP Stefan Becker sold 12,100 shares of Corning stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total transaction of $1,104,488.00. Following the completion of the transaction, the senior vice president owned 5,049 shares of the company’s stock, valued at $460,872.72. The trade was a 70.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eric S. Musser sold 100,000 shares of the stock in a transaction dated 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 sale, 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 SEC filing for this sale provides additional information. Insiders have sold 156,135 shares of company stock worth $14,088,769 in the last 90 days. 0.40% of the stock is owned by company insiders.

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.