Figure 8 Investment Strategies LLC Has $2.44 Million Holdings in Corning Incorporated $GLW

Figure 8 Investment Strategies LLC trimmed its holdings in shares of Corning Incorporated (NYSE:GLW) by 21.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,848 shares of the electronics maker’s stock after selling 7,545 shares during the quarter. Corning comprises 2.2% of Figure 8 Investment Strategies LLC’s portfolio, making the stock its 14th biggest holding. Figure 8 Investment Strategies LLC’s holdings in Corning were worth $2,438,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors bought a new stake in Corning during the third quarter worth approximately $907,164,000. WCM Investment Management LLC bought a new position in shares of Corning in the third quarter valued at approximately $676,931,000. Wellington Management Group LLP raised its position in shares of Corning by 30.3% in the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after purchasing an additional 3,848,540 shares during the period. Voya Investment Management LLC lifted its stake in shares of Corning by 748.0% in the third quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock worth $260,014,000 after buying an additional 2,795,948 shares during the last quarter. Finally, Polar Capital Holdings Plc grew its stake in Corning by 141.2% in the 3rd quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker’s stock valued at $329,035,000 after buying an additional 2,348,125 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GLW has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Susquehanna raised their target price on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Truist Financial assumed coverage on Corning in a research report on Tuesday, March 31st. They issued a “hold” rating and a $125.00 price target on the stock. Finally, Morgan Stanley upped their price target on Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and an average target price of $132.08.

Insider Buying and Selling

In other news, CEO Wendell P. Weeks sold 137,514 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total value of $21,365,550.18. Following the completion of the transaction, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at approximately $116,618,391.45. This represents a 15.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Lewis A. Steverson sold 15,366 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total value of $2,000,960.52. Following the transaction, the executive vice president owned 3,461 shares of the company’s stock, valued at $450,691.42. This trade represents a 81.62% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 233,201 shares of company stock worth $32,614,558. Insiders own 0.40% of the company’s stock.

Corning Price Performance

Shares of NYSE:GLW opened at $147.92 on Monday. The business’s 50 day moving average is $131.42 and its 200-day moving average is $102.22. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $127.07 billion, a PE ratio of 80.39, a PEG ratio of 2.33 and a beta of 1.06. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $162.10.

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

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, February 27th. Corning’s payout ratio is presently 60.87%.

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.