Corning Incorporated $GLW Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its position in Corning Incorporated (NYSE:GLW) by 33.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 89,044 shares of the electronics maker’s stock after purchasing an additional 22,541 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Corning were worth $7,304,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GLW. Vanguard Group Inc. increased its position in Corning by 1.6% during the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock worth $5,151,301,000 after buying an additional 1,582,895 shares in the last quarter. Davis Investment Partners LLC purchased a new stake in Corning during the 2nd quarter worth about $251,000. Central Pacific Bank Trust Division raised its stake in Corning by 23.6% in the 2nd quarter. Central Pacific Bank Trust Division now owns 72,982 shares of the electronics maker’s stock valued at $3,838,000 after purchasing an additional 13,920 shares during the last quarter. Schroder Investment Management Group raised its stake in Corning by 638.0% in the 2nd quarter. Schroder Investment Management Group now owns 546,407 shares of the electronics maker’s stock valued at $28,736,000 after purchasing an additional 472,365 shares during the last quarter. Finally, Motley Fool Asset Management LLC lifted its holdings in Corning by 10.5% in the 2nd quarter. Motley Fool Asset Management LLC now owns 44,037 shares of the electronics maker’s stock valued at $2,316,000 after purchasing an additional 4,183 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Transactions at Corning

In other Corning news, SVP Stefan Becker sold 12,100 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $91.28, for a total transaction of $1,104,488.00. Following the completion of the sale, the senior vice president directly owned 5,049 shares in the company, valued at $460,872.72. The trade was a 70.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric S. Musser sold 100,000 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the completion of the sale, the insider directly owned 44,926 shares of the company’s stock, valued at $4,050,977.42. The trade was a 69.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 156,135 shares of company stock valued at $14,088,769. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GLW shares. Susquehanna lifted their price target on shares of Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. Argus raised their target price on shares of Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Citigroup lifted their target price on shares of Corning from $93.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Wall Street Zen lowered Corning from a “strong-buy” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, UBS Group restated a “buy” rating and set a $109.00 price objective (up previously from $100.00) on shares of Corning in a report on Friday, November 21st. One 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.09.

Corning Stock Down 0.1%

Shares of GLW opened at $85.23 on Friday. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $96.64. The company’s fifty day moving average is $86.42 and its two-hundred day moving average is $75.44. The firm has a market cap of $73.07 billion, a PE ratio of 53.94, a price-to-earnings-growth ratio of 1.56 and a beta of 1.13. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.62.

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

Corning Company 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.