Princeton Global Asset Management LLC Has $363,000 Stock Holdings in Corning Incorporated $GLW

Princeton Global Asset Management LLC increased its holdings in Corning Incorporated (NYSE:GLW) by 7.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,905 shares of the electronics maker’s stock after purchasing an additional 508 shares during the period. Princeton Global Asset Management LLC’s holdings in Corning were worth $363,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Forte Capital LLC ADV increased its holdings in shares of Corning by 2.4% during the second quarter. Forte Capital LLC ADV now owns 7,973 shares of the electronics maker’s stock worth $419,000 after buying an additional 190 shares in the last quarter. Smith Salley Wealth Management raised its holdings in shares of Corning by 3.3% during the second quarter. Smith Salley Wealth Management now owns 6,280 shares of the electronics maker’s stock worth $330,000 after acquiring an additional 200 shares during the period. Leigh Baldwin & CO. LLC increased its stake in Corning by 1.7% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 12,513 shares of the electronics maker’s stock valued at $573,000 after buying an additional 210 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Corning by 1.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 16,623 shares of the electronics maker’s stock valued at $874,000 after buying an additional 214 shares during the last quarter. Finally, Old North State Wealth Management LLC grew its position in shares of Corning by 0.5% in the 2nd quarter. Old North State Wealth Management LLC now owns 40,325 shares of the electronics maker’s stock valued at $2,121,000 after acquiring an additional 218 shares during the period. Institutional investors and hedge funds own 69.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Corning from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Morgan Stanley lifted their target price on shares of Corning from $56.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. Wall Street Zen downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. Citigroup lifted their target price on shares of Corning from $72.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, Wolfe Research began coverage on shares of Corning in a report on Tuesday, July 8th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Corning Stock Performance

NYSE GLW opened at $85.31 on Tuesday. 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 company has a market capitalization of $73.08 billion, a P/E ratio of 90.75, a P/E/G ratio of 1.89 and a beta of 1.14. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $87.78. The firm has a 50-day moving average price of $75.74 and a two-hundred day moving average price of $59.06.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, July 29th. The electronics maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations 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 previous year, the company earned $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, November 14th. Corning’s dividend payout ratio is currently 119.15%.

Insider Buying and Selling at Corning

In related news, EVP Lewis A. Steverson sold 16,646 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $62.22, for a total value of $1,035,714.12. Following the sale, the executive vice president owned 39,759 shares of the company’s stock, valued at $2,473,804.98. The trade was a 29.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jaymin Amin sold 17,721 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $77.18, for a total transaction of $1,367,706.78. Following the completion of the sale, the senior vice president directly owned 88,722 shares in the company, valued at approximately $6,847,563.96. This represents a 16.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 181,671 shares of company stock worth $11,816,899 over the last 90 days. 0.32% of the stock is owned by corporate 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.