Alps Advisors Inc. Acquires 13,631 Shares of Corning Incorporated $GLW

Alps Advisors Inc. lifted its holdings in Corning Incorporated (NYSE:GLW) by 157.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,289 shares of the electronics maker’s stock after purchasing an additional 13,631 shares during the quarter. Alps Advisors Inc.’s holdings in Corning were worth $1,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GLW. Hartline Investment Corp lifted its holdings in shares of Corning by 113.2% during the 3rd quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock valued at $24,229,000 after buying an additional 156,843 shares during the period. Vanguard Group Inc. lifted its holdings in Corning by 1.6% in the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after acquiring an additional 1,582,895 shares during the period. Schroder Investment Management Group lifted its holdings in Corning by 638.0% in the second quarter. Schroder Investment Management Group now owns 546,407 shares of the electronics maker’s stock valued at $28,736,000 after acquiring an additional 472,365 shares during the period. Motley Fool Asset Management LLC boosted its position in Corning by 10.5% in the second quarter. Motley Fool Asset Management LLC now owns 44,037 shares of the electronics maker’s stock worth $2,316,000 after purchasing an additional 4,183 shares during the last quarter. Finally, Jefferies Financial Group Inc. grew its stake in shares of Corning by 33.2% during the 2nd quarter. Jefferies Financial Group Inc. now owns 180,606 shares of the electronics maker’s stock valued at $9,498,000 after purchasing an additional 44,994 shares during the period. 69.80% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the completion of the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. This represents a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric S. Musser sold 25,000 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the completion of the sale, the insider owned 19,926 shares in the company, valued at $2,191,860. This represents a 55.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 70,945 shares of company stock worth $8,026,736. 0.32% of the stock is currently owned by insiders.

Corning Stock Down 2.5%

Shares of GLW stock opened at $128.14 on Wednesday. The company’s fifty day simple moving average is $94.81 and its two-hundred day simple moving average is $83.49. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $132.50. The stock has a market cap of $109.86 billion, a P/E ratio of 69.64, a PEG ratio of 2.28 and a beta of 1.13. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last issued its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Analysts predict that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Fox Advisors downgraded shares of Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 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. JPMorgan Chase & Co. upped their price target on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Citigroup lifted their price objective on Corning from $102.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, Oppenheimer set a $120.00 price objective on Corning in a research note on Thursday, January 29th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.36.

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.