Arkadios Wealth Advisors Purchases 5,371 Shares of Corning Incorporated $GLW

Arkadios Wealth Advisors raised its holdings in shares of Corning Incorporated (NYSE:GLWFree Report) by 27.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,019 shares of the electronics maker’s stock after purchasing an additional 5,371 shares during the quarter. Arkadios Wealth Advisors’ holdings in Corning were worth $2,052,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Argus raised their target price on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Oppenheimer set a $100.00 target price on shares of Corning and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Susquehanna raised their price target on shares of Corning from $75.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Citigroup upped their price target on shares of Corning from $99.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Barclays increased their price objective on Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. One equities research 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.36.

Read Our Latest Stock Analysis on GLW

More Corning News

Here are the key news stories impacting Corning this week:

Insider Transactions at Corning

In related 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 transaction, the executive vice president directly 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 filing with the SEC, which is accessible through this link. Also, SVP Stefan Becker sold 12,100 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $460,872.72. This represents a 70.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 156,135 shares of company stock valued at $14,088,769 over the last 90 days. Company insiders own 0.40% of the company’s stock.

Corning Stock Performance

NYSE GLW opened at $94.30 on Friday. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $96.64. The company has a fifty day moving average of $87.40 and a 200-day moving average of $77.93. The company has a market capitalization of $80.85 billion, a P/E ratio of 59.68, a P/E/G ratio of 1.15 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.56.

Corning (NYSE:GLWGet Free Report) last released its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The firm’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. As a group, equities research analysts predict that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Corning (NYSE:GLW)

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