Corning Incorporated $GLW Shares Bought by Prospera Financial Services Inc

Prospera Financial Services Inc grew its stake in Corning Incorporated (NYSE:GLW) by 12.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 75,903 shares of the electronics maker’s stock after buying an additional 8,604 shares during the quarter. Prospera Financial Services Inc’s holdings in Corning were worth $3,992,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Amundi grew its holdings in Corning by 64.3% during the 1st quarter. Amundi now owns 6,408,605 shares of the electronics maker’s stock worth $271,237,000 after acquiring an additional 2,507,797 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Corning in the 1st quarter valued at $104,789,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Corning during the 2nd quarter worth $92,560,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Corning by 185.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,801,411 shares of the electronics maker’s stock worth $94,736,000 after purchasing an additional 1,170,992 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Corning by 37.1% during the first quarter. Deutsche Bank AG now owns 3,835,799 shares of the electronics maker’s stock worth $175,603,000 after purchasing an additional 1,037,875 shares in the last quarter. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Price Performance

GLW stock opened at $85.40 on Monday. The company has a market capitalization of $73.22 billion, a P/E ratio of 54.05, a PEG ratio of 1.99 and a beta of 1.15. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $92.57. The business has a 50 day simple moving average of $81.68 and a 200-day simple moving average of $63.71. The company has a current ratio of 1.56, a quick ratio of 0.93 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.24 billion. Corning had a net margin of 9.16% and a return on equity of 18.12%. The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 EPS. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, equities analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 14th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 14th. Corning’s dividend payout ratio is presently 70.89%.

Insider Buying and Selling at Corning

In other Corning news, SVP Jaymin Amin sold 17,721 shares of Corning stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $77.18, for a total value of $1,367,706.78. Following the transaction, the senior vice president directly owned 88,722 shares in the company, valued at approximately $6,847,563.96. This trade represents a 16.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Edward A. Schlesinger sold 20,893 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $91.25, for a total value of $1,906,486.25. Following the completion of the transaction, the chief financial officer directly owned 66,959 shares in the company, valued at approximately $6,110,008.75. The trade was a 23.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 173,856 shares of company stock valued at $15,456,476. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on GLW. Morgan Stanley set a $82.00 price target on Corning in a research note on Wednesday, October 29th. Susquehanna increased their price objective on Corning from $75.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Citigroup boosted their target price on Corning from $93.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. UBS Group upped their price target on Corning from $91.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings raised shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.82.

Corning Company 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.