Jones Financial Companies Lllp Has $5.37 Million Position in Corning Incorporated $GLW

Jones Financial Companies Lllp grew its holdings in Corning Incorporated (NYSE:GLW) by 9.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,628 shares of the electronics maker’s stock after purchasing an additional 6,095 shares during the period. Jones Financial Companies Lllp’s holdings in Corning were worth $5,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GLW. Norges Bank acquired a new stake in Corning during the 2nd quarter worth about $534,936,000. Voya Investment Management LLC lifted its position in shares of Corning by 748.0% in the third quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock worth $260,014,000 after purchasing an additional 2,795,948 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Corning by 93.0% in the second quarter. Raymond James Financial Inc. now owns 3,407,608 shares of the electronics maker’s stock worth $179,206,000 after purchasing an additional 1,641,558 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of 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 purchasing an additional 1,582,895 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Corning by 125.8% during the third quarter. Assenagon Asset Management S.A. now owns 2,683,497 shares of the electronics maker’s stock valued at $220,127,000 after purchasing an additional 1,495,277 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insiders Place Their Bets

In other Corning news, CFO Edward A. Schlesinger sold 21,104 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were 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 directly owned 54,780 shares in the company, valued at $5,727,249. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric S. Musser sold 25,000 shares of Corning stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $110.00, for a total value of $2,750,000.00. Following the completion of the transaction, the insider owned 19,926 shares in the company, valued at $2,191,860. The trade was a 55.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 55,945 shares of company stock valued at $6,072,986 in the last quarter. Insiders own 0.40% of the company’s stock.

Corning Stock Up 8.4%

Shares of Corning stock opened at $122.31 on Friday. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $122.56. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average price of $92.96 and a two-hundred day moving average price of $82.06. The stock has a market capitalization of $104.86 billion, a P/E ratio of 66.47, a PEG ratio of 1.95 and a beta of 1.13.

Corning (NYSE:GLW) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 10.21% and a return on equity of 18.72%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities analysts expect that Corning Incorporated will post 2.33 earnings per share for the current year.

Wall Street Analyst Weigh In

GLW has been the subject of a number of research analyst reports. Wolfe Research set a $130.00 target price on shares of Corning and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. Fox Advisors cut shares of Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Mizuho increased their price objective on Corning from $97.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Barclays set a $100.00 price objective on Corning in a research report on Thursday, January 29th. Finally, UBS Group reaffirmed a “buy” rating and issued a $125.00 target price on shares of Corning in a research report on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company 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.