Insigneo Advisory Services LLC Has $717,000 Stock Position in Corning Incorporated $GLW

Insigneo Advisory Services LLC lifted its position in shares of Corning Incorporated (NYSE:GLW) by 16.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,640 shares of the electronics maker’s stock after acquiring an additional 1,896 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Corning were worth $717,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. CreativeOne Wealth LLC lifted its position in Corning by 8.6% during the 2nd quarter. CreativeOne Wealth LLC now owns 12,326 shares of the electronics maker’s stock valued at $648,000 after purchasing an additional 973 shares during the period. Global Retirement Partners LLC acquired a new position in Corning in the second quarter valued at approximately $1,181,000. Jefferies Financial Group Inc. lifted its holdings in Corning by 33.2% in the second quarter. Jefferies Financial Group Inc. now owns 180,606 shares of the electronics maker’s stock valued at $9,498,000 after buying an additional 44,994 shares during the period. Prudential Financial Inc. boosted its stake in Corning by 2.2% in the second quarter. Prudential Financial Inc. now owns 918,412 shares of the electronics maker’s stock valued at $48,299,000 after acquiring an additional 20,023 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in Corning by 68.9% during the 2nd quarter. Coldstream Capital Management Inc. now owns 21,840 shares of the electronics maker’s stock worth $1,149,000 after acquiring an additional 8,913 shares during the period. Institutional investors own 69.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on GLW shares. Wall Street Zen lowered Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. Argus raised their target price on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Barclays upped their price target on Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Citigroup upped their target price 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. Finally, UBS Group restated a “buy” rating and issued a $109.00 price target (up from $100.00) on shares of Corning in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Corning has an average rating of “Moderate Buy” and an average target price of $91.64.

Corning Stock Up 3.6%

Shares of Corning stock opened at $82.35 on Tuesday. The firm has a market cap of $70.60 billion, a PE ratio of 52.12, a P/E/G ratio of 1.99 and a beta of 1.15. The business’s 50 day simple moving average is $84.02 and its 200 day simple moving average is $66.68. 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 52-week low of $37.31 and a 52-week high of $92.57.

Corning (NYSE:GLW) last posted its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Corning had a net margin of 9.16% and a return on equity of 18.12%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period last year, the company earned $0.54 earnings per share. The firm’s 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, analysts predict that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be paid a $0.28 dividend. The ex-dividend date of this dividend 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 currently 70.89%.

Insider Buying and Selling at Corning

In other Corning news, insider Eric S. Musser sold 100,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the sale, the insider directly owned 44,926 shares of the company’s stock, valued at approximately $4,050,977.42. This represents a 69.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Edward A. Schlesinger sold 20,893 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $91.25, for a total transaction of $1,906,486.25. Following the completion of the sale, the chief financial officer 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 SEC filing for this sale provides additional information. Insiders sold 173,856 shares of company stock valued at $15,456,476 in the last 90 days. Company 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.