Insight Inv LLC Sells 1,025 Shares of Corning Incorporated $GLW

Insight Inv LLC decreased its position in Corning Incorporated (NYSE:GLW) by 2.4% during the second quarter, HoldingsChannel.com reports. The firm owned 41,834 shares of the electronics maker’s stock after selling 1,025 shares during the quarter. Insight Inv LLC’s holdings in Corning were worth $2,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. REAP Financial Group LLC lifted its stake in Corning by 191.5% during 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 lifted its stake in Corning by 165.9% during the 1st quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker’s stock valued at $34,000 after acquiring an additional 463 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Corning by 90.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker’s stock valued at $34,000 after acquiring an additional 353 shares during the period. Banque Transatlantique SA bought a new position in Corning during the 1st quarter valued at about $34,000. Finally, Resources Management Corp CT ADV lifted its stake in Corning by 66.7% during the 1st quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock valued at $34,000 after acquiring an additional 300 shares during the period. Institutional investors own 69.80% of the company’s stock.

Analyst Ratings Changes

GLW has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Corning from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Wolfe Research started coverage on shares of Corning in a research note on Tuesday, July 8th. They set an “outperform” rating on the stock. 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. UBS Group upped their price target on shares of Corning from $84.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Finally, Argus reaffirmed a “buy” rating and set a $68.00 price target on shares of Corning in a research report on Wednesday, July 30th. One 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.com, the company has an average rating of “Moderate Buy” and an average target price of $71.42.

Corning Trading Up 2.3%

Corning stock opened at $87.04 on Thursday. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $87.07. The firm has a market capitalization 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. The firm has a 50 day moving average of $72.29 and a 200 day moving average of $56.68. The company has a current ratio of 1.50, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58.

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

Insider Activity at Corning

In other news, SVP Michael Paul O’day sold 14,879 shares of Corning stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $62.36, for a total transaction of $927,854.44. Following the sale, the senior vice president owned 35,743 shares in the company, valued at $2,228,933.48. This trade represents a 29.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jaymin Amin sold 17,721 shares of Corning stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $77.18, for a total transaction of $1,367,706.78. Following the sale, the senior vice president owned 88,722 shares in the company, valued at approximately $6,847,563.96. The trade was a 16.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 181,671 shares of company stock worth $11,816,899 in the last 90 days. Insiders own 0.40% of the company’s stock.

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.