Trivium Point Advisory LLC Acquires Shares of 3,361 Corning Incorporated $GLW

Trivium Point Advisory LLC acquired a new stake in Corning Incorporated (NYSE:GLW) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,361 shares of the electronics maker’s stock, valued at approximately $859,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GLW. Atwood & Palmer Inc. acquired a new position in Corning during the second quarter valued at $26,000. First Community Trust NA purchased a new stake in Corning in the second quarter valued at $72,000. N.E.W. Advisory Services LLC acquired a new stake in Corning during the 2nd quarter worth about $76,000. Berbice Capital Management LLC acquired a new stake in Corning during the 4th quarter worth about $26,000. Finally, Basepoint Wealth LLC purchased a new position in shares of Corning during the 4th quarter valued at about $26,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Trading Down 0.1%

GLW stock opened at $165.85 on Monday. The company’s 50-day simple moving average is $176.82 and its 200-day simple moving average is $161.92. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. Corning Incorporated has a 52-week low of $63.37 and a 52-week high of $271.78. The firm has a market cap of $142.86 billion, a P/E ratio of 75.73, a PEG ratio of 2.12 and a beta of 1.14.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. Corning had a return on equity of 20.09% and a net margin of 11.20%.The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same period last year, the firm earned $0.60 EPS. The company’s quarterly revenue was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, equities analysts forecast that Corning Incorporated will post 3.27 EPS for the current fiscal year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 31st. Corning’s dividend payout ratio (DPR) is presently 51.14%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GLW. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 7th. Barclays dropped their target price on Corning from $180.00 to $129.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. UBS Group reissued a “buy” rating and issued a $196.00 price target on shares of Corning in a report on Wednesday, July 29th. Susquehanna upped their price objective on Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley dropped their price objective on shares of Corning from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $174.08.

Insider Buying and Selling

In other news, CEO Wendell P. Weeks sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total value of $18,646,000.00. Following the completion of the sale, the chief executive officer directly owned 908,353 shares in the company, valued at $169,371,500.38. The trade was a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jaymin Amin sold 27,395 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the transaction, the senior vice president directly owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. The trade was a 22.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.25% of the stock is owned by insiders.

Corning Company 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.