Donoghue Forlines LLC Makes New Investment in Corning Incorporated $GLW

Donoghue Forlines LLC purchased a new stake in Corning Incorporated (NYSE:GLW) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 28,980 shares of the electronics maker’s stock, valued at approximately $2,377,000. Corning makes up approximately 0.7% of Donoghue Forlines LLC’s investment portfolio, making the stock its 20th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Beacon Financial Advisory LLC acquired a new stake in Corning in the third quarter valued at approximately $264,000. Smithbridge Asset Management Inc. DE bought a new position in shares of Corning in the 3rd quarter valued at $287,000. Compass Ion Advisors LLC boosted its holdings in shares of Corning by 14.3% during the 3rd quarter. Compass Ion Advisors LLC now owns 5,455 shares of the electronics maker’s stock valued at $447,000 after acquiring an additional 683 shares in the last quarter. Aviance Capital Partners LLC grew its position in Corning by 4.2% during the 3rd quarter. Aviance Capital Partners LLC now owns 4,936 shares of the electronics maker’s stock worth $405,000 after acquiring an additional 200 shares during the last quarter. Finally, Lmcg Investments LLC acquired a new position in Corning in the 3rd quarter worth about $250,000. 69.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Corning news, insider Eric S. Musser sold 100,000 shares of Corning stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $90.17, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the chief financial officer owned 66,959 shares in the company, valued at $6,110,008.75. The trade was a 23.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 156,135 shares of company stock worth $14,088,769. Company insiders own 0.40% of the company’s stock.

Corning Price Performance

GLW stock opened at $94.31 on Friday. The firm has a market cap of $80.86 billion, a price-to-earnings ratio of 59.69, a PEG ratio of 1.16 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 Incorporated has a 12-month low of $37.31 and a 12-month high of $96.64. The company’s fifty day simple moving average is $86.87 and its 200 day simple moving average is $76.97.

Corning (NYSE:GLW) last issued its quarterly 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 firm had revenue of $4.10 billion during 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 revenue was up 20.9% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, analysts expect that Corning Incorporated will post 2.33 earnings per share for the current year.

Wall Street Analyst Weigh In

GLW has been the topic of a number of recent research reports. Citigroup lifted their price target on Corning from $99.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a report on Monday, December 29th. Susquehanna upped their price target 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. Barclays lifted their price target on shares of Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Finally, Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. 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 stock. According to data from MarketBeat.com, Corning currently 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.