Corning Incorporated $GLW Shares Sold by Princeton Capital Management LLC

Princeton Capital Management LLC decreased its holdings in shares of Corning Incorporated (NYSE:GLW) by 10.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,668 shares of the electronics maker’s stock after selling 3,497 shares during the period. Princeton Capital Management LLC’s holdings in Corning were worth $1,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Corning by 46.0% during the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 2,114 shares in the last quarter. Mutual Advisors LLC acquired a new stake in Corning in the 1st quarter worth about $227,000. Envestnet Asset Management Inc. increased its stake in Corning by 15.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,284,083 shares of the electronics maker’s stock worth $58,785,000 after buying an additional 172,821 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Corning by 5.5% during the first quarter. Valeo Financial Advisors LLC now owns 6,830 shares of the electronics maker’s stock valued at $313,000 after acquiring an additional 353 shares during the last quarter. Finally, Greenleaf Trust lifted its position in shares of Corning by 6.4% in the first quarter. Greenleaf Trust now owns 10,299 shares of the electronics maker’s stock valued at $471,000 after acquiring an additional 617 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Stock Up 1.0%

GLW stock opened at $87.93 on Friday. Corning Incorporated has a one year low of $37.31 and a one year high of $92.57. The firm has a market cap of $75.39 billion, a PE ratio of 55.65, a PEG ratio of 1.99 and a beta of 1.15. The firm’s 50 day moving average price is $81.31 and its 200-day moving average price is $63.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 1.56.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, equities research analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders 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 dividend yield of 1.3%. Corning’s dividend payout ratio (DPR) is currently 70.89%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Argus increased their price objective on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Wall Street Zen cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. Morgan Stanley set a $82.00 price target on shares of Corning in a research note on Wednesday, October 29th. JPMorgan Chase & Co. upped their price objective 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. Finally, UBS Group boosted their target price on Corning from $91.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Corning has a consensus rating of “Moderate Buy” and an average target price of $90.82.

Insiders Place Their Bets

In other news, insider Eric S. Musser sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $90.17, for a total value of $9,017,000.00. Following the transaction, the insider directly owned 44,926 shares in the company, valued at approximately $4,050,977.42. This represents a 69.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Edward A. Schlesinger sold 20,893 shares of the company’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 transaction, the chief financial officer owned 66,959 shares in the company, 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. In the last ninety days, insiders sold 173,856 shares of company stock worth $15,456,476. 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.