Corning Incorporated $GLW Shares Sold by Candriam S.C.A.

Candriam S.C.A. lessened its holdings in Corning Incorporated (NYSE:GLW) by 28.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 183,990 shares of the electronics maker’s stock after selling 72,704 shares during the period. Candriam S.C.A.’s holdings in Corning were worth $9,676,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted 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. Stephens Inc. AR grew its stake in shares of Corning by 2.7% in the first quarter. Stephens Inc. AR now owns 16,631 shares of the electronics maker’s stock valued at $761,000 after buying an additional 440 shares in the last quarter. CWM LLC raised its holdings in shares of Corning by 18.0% during the 1st quarter. CWM LLC now owns 30,012 shares of the electronics maker’s stock valued at $1,374,000 after buying an additional 4,578 shares during the period. SBI Securities Co. Ltd. lifted its position in Corning by 33.1% during the 1st quarter. SBI Securities Co. Ltd. now owns 3,235 shares of the electronics maker’s stock worth $148,000 after acquiring an additional 805 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Corning by 88.1% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,512 shares of the electronics maker’s stock worth $161,000 after acquiring an additional 1,645 shares during the period. 69.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Corning from $93.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Argus boosted their price objective on shares of Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Susquehanna upped their price objective on shares of Corning from $75.00 to $100.00 and gave the company a “positive” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their target price on Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Corning in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Corning has a consensus rating of “Moderate Buy” and a consensus target price of $90.82.

Insiders Place Their Bets

In related news, CFO Edward A. Schlesinger sold 20,893 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $91.25, for a total transaction of $1,906,486.25. Following the sale, the chief financial officer directly owned 66,959 shares of the company’s stock, valued at approximately $6,110,008.75. This represents a 23.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jaymin Amin sold 17,721 shares of Corning stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $77.18, for a total transaction of $1,367,706.78. Following the completion of the transaction, the senior vice president directly owned 88,722 shares of the company’s stock, valued at approximately $6,847,563.96. This represents a 16.65% decrease in their position. 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. Corporate insiders own 0.32% of the company’s stock.

Corning Price Performance

GLW opened at $81.83 on Friday. The company has a market capitalization of $70.16 billion, a P/E ratio of 51.79, a PEG ratio of 1.99 and a beta of 1.15. The company has a 50-day moving average of $83.36 and a 200-day moving average of $64.90. 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 Incorporated has a 1-year low of $37.31 and a 1-year high of $92.57.

Corning (NYSE:GLW) last issued its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.24 billion. Corning had a net margin of 9.16% and a return on equity of 18.12%. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Equities analysts expect that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 14th will be given a $0.28 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.12 annualized dividend and a dividend yield of 1.4%. Corning’s dividend payout ratio (DPR) is presently 70.89%.

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.