Cooper Financial Group Sells 1,037 Shares of Corning Incorporated $GLW

Cooper Financial Group trimmed its stake in Corning Incorporated (NYSE:GLW) by 12.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Investment Management Corp VA ADV raised its holdings in shares of Corning by 165.9% in the first quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker’s stock worth $34,000 after buying an additional 463 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its holdings 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 worth $34,000 after purchasing an additional 353 shares during the period. Banque Transatlantique SA purchased a new position in Corning during the 1st quarter worth $34,000. Resources Management Corp CT ADV increased its holdings in Corning by 66.7% during the 1st quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 300 shares during the period. Finally, Gen Wealth Partners Inc increased its holdings in Corning by 151.7% during the 1st quarter. Gen Wealth Partners Inc now owns 755 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 455 shares during the period. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Stock Down 0.7%

Shares of NYSE GLW opened at $82.56 on Friday. The stock has a market cap of $70.72 billion, a P/E ratio of 87.83, a PEG ratio of 1.85 and a beta of 1.14. 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 Incorporated has a 12-month low of $37.31 and a 12-month high of $84.35. The business’s fifty day simple moving average is $70.18 and its 200-day simple moving average is $55.66.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. Morgan Stanley set a $56.00 price target on Corning and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Mizuho lifted their price target on Corning from $63.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, August 8th. UBS Group raised their price objective on Corning from $84.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Finally, Barclays raised their price objective on Corning from $52.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.08.

Insider Buying and Selling

In related news, COO Avery H. Nelson III sold 36,240 shares of Corning stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $62.26, for a total transaction of $2,256,302.40. Following the completion of the transaction, the chief operating officer directly owned 64,838 shares in the company, valued at $4,036,813.88. The trade was a 35.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 owned 88,722 shares of the company’s stock, valued at $6,847,563.96. This represents a 16.65% decrease in their ownership of the stock. 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 three months. Company insiders own 0.40% of the company’s stock.

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.