Corning Incorporated $GLW Shares Bought by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. raised its holdings in shares of Corning Incorporated (NYSE:GLW) by 96.9% during the second quarter, HoldingsChannel.com reports. The firm owned 307,138 shares of the electronics maker’s stock after buying an additional 151,113 shares during the period. Corning accounts for 1.1% of Cantor Fitzgerald Investment Advisors L.P.’s portfolio, making the stock its 27th biggest position. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Corning were worth $16,152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hudson Value Partners LLC boosted its position in shares of Corning by 0.6% in the 2nd quarter. Hudson Value Partners LLC now owns 109,209 shares of the electronics maker’s stock worth $5,743,000 after purchasing an additional 665 shares in the last quarter. Trilogy Capital Inc. raised its stake in Corning by 11.0% in the second quarter. Trilogy Capital Inc. now owns 6,251 shares of the electronics maker’s stock valued at $329,000 after buying an additional 621 shares during the last quarter. Trust Co. of Vermont boosted its holdings in Corning by 12.1% in the second quarter. Trust Co. of Vermont now owns 10,215 shares of the electronics maker’s stock worth $537,000 after acquiring an additional 1,100 shares in the last quarter. Forbes J M & Co. LLP purchased a new stake in shares of Corning during the second quarter worth about $203,000. Finally, Columbia Asset Management increased its holdings in shares of Corning by 6.1% during the second quarter. Columbia Asset Management now owns 43,531 shares of the electronics maker’s stock valued at $2,289,000 after acquiring an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on GLW shares. Mizuho lifted their target price on shares of Corning from $63.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Susquehanna reaffirmed a “positive” rating and issued a $75.00 price target (up previously from $60.00) on shares of Corning in a report on Wednesday, July 30th. Wolfe Research started coverage on shares of Corning in a research note on Tuesday, July 8th. They set an “outperform” rating for the company. Oppenheimer reissued an “outperform” rating and issued a $72.00 target price (up from $55.00) on shares of Corning in a research report on Wednesday, July 30th. Finally, Citigroup raised their target price on Corning from $72.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Corning presently has an average rating of “Moderate Buy” and a consensus price target of $70.08.

Corning Price Performance

Shares of NYSE GLW opened at $83.10 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 0.93. The stock has a market capitalization of $71.18 billion, a price-to-earnings ratio of 88.40, a PEG ratio of 1.83 and a beta of 1.14. The firm’s 50 day simple moving average is $69.64 and its 200-day simple moving average is $55.42. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $83.75.

Corning (NYSE:GLW) last announced its quarterly earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.84 billion. Corning had a net margin of 5.77% and a return on equity of 17.27%. During the same period in the prior year, the firm posted $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Analysts expect that Corning Incorporated will post 2.33 EPS for the current year.

Insider Buying and Selling at Corning

In other news, EVP Lewis A. Steverson sold 16,646 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $62.22, for a total transaction of $1,035,714.12. Following the sale, the executive vice president directly owned 39,759 shares in the company, valued at $2,473,804.98. This trade represents a 29.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Avery H. Nelson III sold 36,240 shares of the company’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $62.26, for a total value of $2,256,302.40. Following the completion of the transaction, the chief operating officer directly owned 64,838 shares of the company’s stock, valued at $4,036,813.88. The trade was a 35.85% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 181,671 shares of company stock worth $11,816,899. 0.40% of the stock is currently owned by company insiders.

Corning Profile

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.