Massachusetts Wealth Management Has $1.21 Million Stock Holdings in Corning Incorporated $GLW

Massachusetts Wealth Management lifted its position in Corning Incorporated (NYSE:GLW) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,950 shares of the electronics maker’s stock after acquiring an additional 250 shares during the period. Massachusetts Wealth Management’s holdings in Corning were worth $1,207,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. REAP Financial Group LLC raised its position in shares of 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 acquiring an additional 339 shares during the period. Investment Management Corp VA ADV raised its position in shares of Corning by 165.9% during the first quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 463 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Corning by 90.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 353 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Corning during the first quarter worth about $34,000. Finally, Resources Management Corp CT ADV raised its position in shares of Corning by 66.7% during the first quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 300 shares during the period. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Stock Up 2.3%

GLW stock opened at $87.04 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $72.29 and a two-hundred day moving average price of $56.68. The company has a market cap of $74.56 billion, a price-to-earnings ratio of 92.60, a P/E/G ratio of 1.90 and a beta of 1.14. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $87.07.

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

Insider Transactions at Corning

In other Corning news, COO Avery H. Nelson III sold 36,240 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $4,036,813.88. This trade represents a 35.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jaymin Amin sold 17,721 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $77.18, for a total value of $1,367,706.78. Following the completion of the transaction, the senior vice president owned 88,722 shares of the company’s stock, valued at approximately $6,847,563.96. This represents a 16.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 181,671 shares of company stock valued at $11,816,899. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. UBS Group raised their price target on Corning from $84.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Mizuho raised their price target on Corning from $74.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Wolfe Research assumed coverage on Corning in a research report on Tuesday, July 8th. They set an “outperform” rating on the stock. Morgan Stanley set a $56.00 price target on Corning and gave the stock an “equal weight” rating in a research report on Wednesday, July 30th. Finally, Susquehanna reaffirmed a “positive” rating and set a $75.00 price target (up previously from $60.00) on shares of Corning in a research report on Wednesday, July 30th. One investment 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.42.

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.