Corning Incorporated $GLW Position Trimmed by Candriam S.C.A.

Candriam S.C.A. decreased its holdings in Corning Incorporated (NYSE:GLW) by 15.5% during the third quarter, Holdings Channel.com reports. The firm owned 155,439 shares of the electronics maker’s stock after selling 28,551 shares during the period. Candriam S.C.A.’s holdings in Corning were worth $12,751,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. CVA Family Office LLC grew its position in Corning by 10.3% during the third quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock valued at $98,000 after purchasing an additional 111 shares in the last quarter. Vista Investment Partners LLC boosted its stake in shares of Corning by 1.3% during the 3rd quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock valued at $779,000 after buying an additional 119 shares during the period. Sapient Capital LLC grew its holdings in shares of Corning by 2.2% during the 3rd quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock valued at $452,000 after acquiring an additional 120 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Corning by 1.6% during the 3rd quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock valued at $635,000 after acquiring an additional 124 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its stake in shares of Corning by 58.5% in the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 124 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Trading Down 2.5%

Shares of NYSE:GLW opened at $128.14 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $109.86 billion, a PE ratio of 69.64, a P/E/G ratio of 2.28 and a beta of 1.13. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $132.50. The firm has a fifty day moving average price of $94.81 and a 200 day moving average price of $83.49.

Corning (NYSE:GLW) last posted its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Analysts expect that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Corning news, CFO Edward A. Schlesinger sold 21,104 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the completion of the sale, the chief financial officer owned 54,780 shares of the company’s stock, valued at $5,727,249. This represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric S. Musser sold 15,000 shares of Corning stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $130.25, for a total transaction of $1,953,750.00. Following the completion of the transaction, the insider directly owned 4,926 shares in the company, valued at approximately $641,611.50. This represents a 75.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 70,945 shares of company stock worth $8,026,736. 0.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GLW has been the subject of a number of research reports. UBS Group reissued a “buy” rating and set a $125.00 price objective on shares of Corning in a research report on Friday, January 30th. Mizuho raised their price target on Corning from $97.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Barclays set a $100.00 price target on Corning in a report on Thursday, January 29th. Argus boosted their price target on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings lowered shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 27th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.36.

Corning Profile

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.