Autumn Glory Partners LLC Trims Stock Position in Corning Incorporated $GLW

Autumn Glory Partners LLC lowered its position in shares of Corning Incorporated (NYSE:GLW) by 7.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,152 shares of the electronics maker’s stock after selling 2,000 shares during the period. Autumn Glory Partners LLC’s holdings in Corning were worth $1,375,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Investment Management Corp VA ADV grew its stake in Corning by 165.9% in the 1st 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 in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in Corning by 90.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker’s stock worth $34,000 after buying an additional 353 shares in the last quarter. Banque Transatlantique SA purchased a new position in Corning in the 1st quarter worth approximately $34,000. Resources Management Corp CT ADV grew its stake in Corning by 66.7% in the 1st quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock worth $34,000 after buying an additional 300 shares in the last quarter. Finally, Gen Wealth Partners Inc grew its stake in Corning by 151.7% in the 1st quarter. Gen Wealth Partners Inc now owns 755 shares of the electronics maker’s stock worth $35,000 after buying an additional 455 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Oppenheimer reissued an “outperform” rating and issued a $72.00 price target (up previously from $55.00) on shares of Corning in a research note on Wednesday, July 30th. Argus restated a “buy” rating and issued a $68.00 price objective on shares of Corning in a report on Wednesday, July 30th. Barclays boosted their price objective on shares of Corning from $52.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Susquehanna restated a “positive” rating and issued a $75.00 price objective (up from $60.00) on shares of Corning in a report on Wednesday, July 30th. Finally, Wall Street Zen lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.42.

Corning Stock Up 1.3%

Shares of Corning stock opened at $83.60 on Monday. The company has a current ratio of 1.50, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The company’s fifty day simple moving average is $70.74 and its two-hundred day simple moving average is $56.02. The company has a market cap of $71.62 billion, a P/E ratio of 88.94, a PEG ratio of 1.86 and a beta of 1.14. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $84.35.

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

Insider Buying and Selling at Corning

In other Corning news, COO Avery H. Nelson III sold 36,240 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $62.26, for a total transaction of $2,256,302.40. Following the transaction, the chief operating officer directly owned 64,838 shares of the company’s stock, valued at approximately $4,036,813.88. The trade was a 35.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lewis A. Steverson sold 16,646 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $62.22, for a total transaction of $1,035,714.12. Following the transaction, the executive vice president directly owned 39,759 shares in the company, valued at approximately $2,473,804.98. The trade was a 29.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 181,671 shares of company stock worth $11,816,899. 0.32% of the stock is owned by corporate insiders.

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.