Bailard Inc. Grows Position in Corning Incorporated $GLW

Bailard Inc. grew its position in shares of Corning Incorporated (NYSE:GLW) by 668.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 40,853 shares of the electronics maker’s stock after buying an additional 35,537 shares during the period. Bailard Inc.’s holdings in Corning were worth $2,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after acquiring an additional 2,114 shares in the last quarter. Stephens Inc. AR raised its holdings in Corning by 2.7% in the 1st quarter. Stephens Inc. AR now owns 16,631 shares of the electronics maker’s stock worth $761,000 after purchasing an additional 440 shares during the period. CWM LLC boosted its position in Corning by 18.0% during the first quarter. CWM LLC now owns 30,012 shares of the electronics maker’s stock worth $1,374,000 after purchasing an additional 4,578 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in Corning by 6.7% in the first quarter. Bleakley Financial Group LLC now owns 16,543 shares of the electronics maker’s stock valued at $757,000 after purchasing an additional 1,037 shares during the period. Finally, Signaturefd LLC increased its position in shares of Corning by 2.1% in the first quarter. Signaturefd LLC now owns 23,685 shares of the electronics maker’s stock valued at $1,084,000 after buying an additional 485 shares in the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Stock Performance

NYSE:GLW opened at $89.05 on Thursday. The company has a market cap of $76.35 billion, a P/E ratio of 56.36, a P/E/G 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 company’s 50-day moving average price is $82.90 and its 200-day moving average price is $64.51. 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 released its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Corning had a net margin of 9.16% and a return on equity of 18.12%. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. Corning’s quarterly revenue was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, sell-side analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

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. The ex-dividend date is Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. Corning’s dividend payout ratio (DPR) is presently 70.89%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GLW shares. Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, November 7th. Wall Street Zen cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. Mizuho set a $97.00 target price on shares of Corning in a research report on Wednesday, October 29th. Argus boosted their target price on shares of Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.82.

Insider Activity at Corning

In other Corning news, SVP Jaymin Amin sold 17,721 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president directly owned 88,722 shares in the company, valued at $6,847,563.96. This represents a 16.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Edward A. Schlesinger sold 20,893 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $91.25, for a total value of $1,906,486.25. Following the completion of the sale, the chief financial officer directly owned 66,959 shares of the company’s stock, valued at $6,110,008.75. This trade represents a 23.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 173,856 shares of company stock valued at $15,456,476 in the last three months. Company insiders own 0.32% of the company’s stock.

About Corning

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.