Capital Advisors Inc. OK Has $39.79 Million Position in Corning Incorporated $GLW

Capital Advisors Inc. OK boosted its holdings in Corning Incorporated (NYSE:GLW) by 0.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 756,668 shares of the electronics maker’s stock after buying an additional 3,427 shares during the period. Capital Advisors Inc. OK’s holdings in Corning were worth $39,793,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Amundi raised its holdings in Corning by 64.3% in the first quarter. Amundi now owns 6,408,605 shares of the electronics maker’s stock worth $271,237,000 after purchasing an additional 2,507,797 shares during the period. Nuveen LLC acquired a new stake in Corning in the first quarter worth $104,789,000. Kingstone Capital Partners Texas LLC acquired a new stake in Corning in the second quarter worth $92,560,000. Assenagon Asset Management S.A. raised its holdings in Corning by 101.0% in the first quarter. Assenagon Asset Management S.A. now owns 2,951,938 shares of the electronics maker’s stock worth $135,140,000 after purchasing an additional 1,483,151 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Corning by 185.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,801,411 shares of the electronics maker’s stock worth $94,736,000 after purchasing an additional 1,170,992 shares during the period. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GLW. Weiss Ratings reiterated a “hold (c+)” rating on shares of Corning in a report on Saturday, September 27th. Morgan Stanley set a $56.00 target price on shares of Corning and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Susquehanna reiterated a “positive” rating and issued a $75.00 target price (up from $60.00) on shares of Corning in a report on Wednesday, July 30th. JPMorgan Chase & Co. increased their target price on shares of Corning from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, Oppenheimer restated an “outperform” rating and set a $72.00 price objective (up from $55.00) on shares of Corning in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Corning has an average rating of “Moderate Buy” and an average target price of $71.42.

Insiders Place Their Bets

In related news, SVP Michael Paul O’day sold 14,879 shares of the firm’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $62.36, for a total value of $927,854.44. Following the completion of the transaction, the senior vice president owned 35,743 shares of the company’s stock, valued at approximately $2,228,933.48. This trade represents a 29.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Wendell P. Weeks sold 82,103 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $65.19, for a total transaction of $5,352,294.57. Following the completion of the transaction, the chief executive officer directly owned 809,295 shares of the company’s stock, valued at approximately $52,757,941.05. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 181,671 shares of company stock valued at $11,816,899 in the last quarter. Company insiders own 0.32% of the company’s stock.

Corning Trading Up 1.3%

Shares of NYSE:GLW opened at $83.60 on Monday. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $84.35. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. The company’s fifty day simple moving average is $70.74 and its 200 day simple moving average is $56.02. The firm has a market cap of $71.62 billion, a price-to-earnings ratio of 88.94, a PEG ratio of 1.86 and a beta of 1.14.

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

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.