Bailard Inc. Sells 7,064 Shares of Corning Incorporated $GLW

Bailard Inc. decreased its stake in shares of Corning Incorporated (NYSE:GLW) by 17.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,789 shares of the electronics maker’s stock after selling 7,064 shares during the period. Bailard Inc.’s holdings in Corning were worth $2,772,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vista Investment Partners LLC increased its position in Corning by 1.3% during the third quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock valued at $779,000 after acquiring an additional 119 shares during the last quarter. Sapient Capital LLC grew its stake in shares of Corning by 2.2% during the 3rd quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock valued at $452,000 after purchasing an additional 120 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Corning by 1.6% during the 3rd quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock valued at $635,000 after purchasing an additional 124 shares during the period. Fiduciary Alliance LLC increased its position in shares of Corning by 0.7% during the 3rd quarter. Fiduciary Alliance LLC now owns 18,474 shares of the electronics maker’s stock valued at $1,515,000 after purchasing an additional 137 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Corning by 0.5% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 30,658 shares of the electronics maker’s stock worth $2,515,000 after purchasing an additional 138 shares during the period. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Trading Up 1.0%

GLW stock opened at $93.51 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.00. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $96.64. The business has a 50 day simple moving average of $87.16 and a two-hundred day simple moving average of $77.82. The company has a market capitalization of $80.17 billion, a price-to-earnings ratio of 59.18, a PEG ratio of 1.14 and a beta of 1.13.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. Corning had a net margin of 9.16% and a return on equity of 18.12%. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter last year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Research analysts anticipate that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Insider Activity at Corning

In other news, EVP Lewis A. Steverson sold 23,142 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Stefan Becker sold 12,100 shares of Corning stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total value of $1,104,488.00. Following the completion of the sale, the senior vice president directly owned 5,049 shares in the company, valued at $460,872.72. This trade represents a 70.56% 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.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GLW shares. Mizuho set a $97.00 target price on shares of Corning in a research report on Wednesday, October 29th. Argus boosted their price objective on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Susquehanna upped their price objective on Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. Oppenheimer set a $100.00 target price on Corning and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. upped their price target on Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a research 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.36.

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.