17,382 Shares in Corning Incorporated $GLW Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR acquired a new stake in shares of Corning Incorporated (NYSE:GLW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,382 shares of the electronics maker’s stock, valued at approximately $1,426,000.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Corning during the 2nd quarter valued at $534,936,000. Voya Investment Management LLC boosted its holdings in Corning by 748.0% in the third quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock worth $260,014,000 after purchasing an additional 2,795,948 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Corning during the second quarter worth $92,560,000. Raymond James Financial Inc. raised its holdings 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 valued at $179,206,000 after buying an additional 1,641,558 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Corning by 1.6% in the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock worth $5,151,301,000 after buying an additional 1,582,895 shares during the last quarter. 69.80% of the stock is owned by institutional investors.

Insider Activity at Corning

In other news, EVP Lewis A. Steverson sold 23,142 shares of Corning stock in a transaction that occurred 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 sale, the executive vice president owned 17,575 shares of the company’s stock, valued at approximately $1,565,053.75. This trade represents a 56.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stefan Becker sold 12,100 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $91.28, for a total value of $1,104,488.00. Following the sale, the senior vice president owned 5,049 shares in the company, valued at approximately $460,872.72. This represents a 70.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 156,135 shares of company stock worth $14,088,769 in the last three months. Corporate insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on GLW shares. Susquehanna upped their price target on Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. upped their target price on Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Wall Street Zen downgraded Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. UBS Group restated a “buy” rating and issued a $109.00 price objective (up from $100.00) on shares of Corning in a research note on Friday, November 21st. 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 issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and a consensus price target of $93.09.

Corning Stock Up 3.5%

Shares of GLW stock opened at $90.62 on Monday. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $96.64. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. The firm has a market cap of $77.69 billion, a PE ratio of 57.35, a price-to-earnings-growth ratio of 1.65 and a beta of 1.13. The stock has a 50 day moving average of $86.60 and a 200-day moving average of $74.50.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.24 billion. Corning had a net margin of 9.16% and a return on equity of 18.12%. Corning’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, equities analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 14th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.2%. Corning’s dividend payout ratio is currently 70.89%.

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.