Corning Incorporated $GLW Shares Sold by Cooper Financial Group

Cooper Financial Group decreased its holdings in shares of Corning Incorporated (NYSE:GLW) by 12.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 7,317 shares of the electronics maker’s stock after selling 1,037 shares during the period. Cooper Financial Group’s holdings in Corning were worth $385,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Forte Capital LLC ADV boosted its stake in Corning by 2.4% in the 2nd quarter. Forte Capital LLC ADV now owns 7,973 shares of the electronics maker’s stock worth $419,000 after purchasing an additional 190 shares during the period. Smith Salley Wealth Management lifted its holdings in Corning by 3.3% during the 2nd quarter. Smith Salley Wealth Management now owns 6,280 shares of the electronics maker’s stock valued at $330,000 after purchasing an additional 200 shares during the last quarter. Leigh Baldwin & CO. LLC raised its stake in shares of Corning by 1.7% during the first quarter. Leigh Baldwin & CO. LLC now owns 12,513 shares of the electronics maker’s stock worth $573,000 after buying an additional 210 shares during the last quarter. Old North State Wealth Management LLC increased its stake in Corning by 0.5% in the second quarter. Old North State Wealth Management LLC now owns 40,325 shares of the electronics maker’s stock valued at $2,121,000 after purchasing an additional 218 shares in the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of Corning by 2.4% in the first quarter. Harbour Investments Inc. now owns 9,489 shares of the electronics maker’s stock valued at $434,000 after buying an additional 224 shares during the period. 69.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Corning

In other Corning news, COO Avery H. Nelson III sold 36,240 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $62.26, for a total transaction of $2,256,302.40. Following the transaction, the chief operating officer directly owned 64,838 shares of the company’s stock, valued at approximately $4,036,813.88. The trade was a 35.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lewis A. Steverson sold 16,646 shares of the company’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 completion of the transaction, the executive vice president owned 39,759 shares in the company, valued at approximately $2,473,804.98. The trade was a 29.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 181,671 shares of company stock worth $11,816,899. 0.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GLW has been the subject of a number of research reports. Wall Street Zen cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Saturday, September 13th. Barclays raised their target price on shares of Corning from $52.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of Corning from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Mizuho boosted their target price on shares of Corning from $63.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, Wolfe Research began coverage on shares of Corning in a research note on Tuesday, July 8th. They issued an “outperform” rating on the stock. One equities research 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.08.

Corning Trading Down 0.7%

Shares of Corning stock opened at $82.56 on Friday. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $84.35. The firm has a market cap of $70.72 billion, a PE ratio of 87.83, a PEG ratio of 1.85 and a beta of 1.14. 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 company has a 50 day simple moving average of $70.18 and a two-hundred day simple moving average of $55.66.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. Corning had a net margin of 5.77% and a return on equity of 17.27%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same period in the previous year, the business 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 earnings per share for the current fiscal year.

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.