Figure 8 Investment Strategies LLC Sells 8,767 Shares of Corning Incorporated $GLW

Figure 8 Investment Strategies LLC lessened its stake in Corning Incorporated (NYSE:GLW) by 19.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,393 shares of the electronics maker’s stock after selling 8,767 shares during the period. Corning makes up about 2.6% of Figure 8 Investment Strategies LLC’s holdings, making the stock its 12th biggest holding. Figure 8 Investment Strategies LLC’s holdings in Corning were worth $2,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Financial Management Professionals Inc. raised its holdings in shares of Corning by 111.1% during the 3rd 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 in the last quarter. Bayforest Capital Ltd purchased a new stake in Corning in the third quarter worth approximately $39,000. Steigerwald Gordon & Koch Inc. bought a new position in Corning during the third quarter valued at approximately $42,000. REAP Financial Group LLC raised its stake in shares of Corning by 191.5% during the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 339 shares in the last quarter. Finally, Total Investment Management Inc. purchased a new position in shares of Corning during the second quarter worth approximately $28,000. Institutional investors own 69.80% of the company’s stock.

Corning Price Performance

Shares of Corning stock opened at $94.31 on Friday. The company’s fifty day simple moving average is $86.87 and its two-hundred day simple moving average is $76.80. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $96.64. The firm has a market cap of $80.86 billion, a PE ratio of 59.69, a price-to-earnings-growth ratio of 1.15 and a beta of 1.13. 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 posted its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $4.10 billion during 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 for the quarter was up 20.9% on a year-over-year basis. During the same period 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 analysts expect that Corning Incorporated will post 2.33 EPS for the current year.

Insiders Place Their Bets

In other Corning news, CFO Edward A. Schlesinger sold 20,893 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $91.25, for a total value of $1,906,486.25. Following the completion of the sale, the chief financial officer owned 66,959 shares in the company, valued at approximately $6,110,008.75. This trade represents a 23.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Lewis A. Steverson sold 23,142 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $89.05, for a total value of $2,060,795.10. Following the transaction, 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 156,135 shares of company stock worth $14,088,769. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GLW shares. Mizuho set a $97.00 price objective on shares of Corning in a research note on Wednesday, October 29th. Barclays boosted their price target on shares of Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Morgan Stanley raised their price objective on Corning from $82.00 to $98.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Argus lifted their price objective on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Susquehanna increased their target price on Corning from $75.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.36.

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.