Concurrent Investment Advisors LLC Purchases 18,213 Shares of Corning Incorporated $GLW

Concurrent Investment Advisors LLC increased its position in Corning Incorporated (NYSE:GLW) by 128.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,413 shares of the electronics maker’s stock after acquiring an additional 18,213 shares during the period. Concurrent Investment Advisors LLC’s holdings in Corning were worth $2,659,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. REAP Financial Group LLC grew its stake in shares of Corning by 191.5% during the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 339 shares during the period. Total Investment Management Inc. purchased a new position in shares of Corning in the second quarter worth approximately $28,000. Financial Management Professionals Inc. grew its position in Corning by 111.1% during the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after buying an additional 200 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in Corning during the second quarter valued at approximately $36,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Corning during the second quarter valued at approximately $38,000. Institutional investors own 69.80% of the company’s stock.

Insider Activity at Corning

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 value of $1,104,488.00. Following the sale, the senior vice president owned 5,049 shares in the company, valued at $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 available through the SEC website. Also, EVP Lewis A. Steverson sold 23,142 shares of Corning stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $89.05, for a total value of $2,060,795.10. Following the completion of the sale, the executive vice president directly owned 17,575 shares in the company, valued at $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. In the last 90 days, insiders have sold 156,135 shares of company stock valued at $14,088,769. 0.40% of the stock is currently owned by insiders.

Corning Stock Performance

NYSE:GLW opened at $93.43 on Friday. The stock has a 50-day moving average price of $86.69 and a 200 day moving average price of $76.51. 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 $80.10 billion, a P/E ratio of 59.13, a P/E/G ratio of 1.63 and a beta of 1.13.

Corning (NYSE:GLW) last announced its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (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 business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period last year, the firm posted $0.54 EPS. The company’s revenue was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Equities research analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GLW. Susquehanna boosted their price objective on shares of Corning from $75.00 to $100.00 and gave the company a “positive” rating in a research report on Wednesday, October 29th. Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Citigroup upped their price target on Corning from $99.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday. Argus raised their price objective on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Barclays lifted their price objective on Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.