Parthenon LLC Reduces Holdings in Corning Incorporated $GLW

Parthenon LLC lowered its stake in shares of Corning Incorporated (NYSE:GLW) by 4.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 232,643 shares of the electronics maker’s stock after selling 10,932 shares during the quarter. Corning comprises 2.1% of Parthenon LLC’s portfolio, making the stock its 14th largest position. Parthenon LLC’s holdings in Corning were worth $19,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. Sage Rhino Capital LLC purchased a new position in shares of Corning in the 3rd quarter valued at approximately $233,000. Values Added Financial LLC purchased a new position in Corning during the third quarter valued at $252,000. Patron Partners LLC boosted its holdings in shares of Corning by 4.5% during the 3rd quarter. Patron Partners LLC now owns 17,554 shares of the electronics maker’s stock valued at $1,440,000 after buying an additional 751 shares in the last quarter. Lorne Steinberg Wealth Management Inc. bought a new stake in shares of Corning during the 3rd quarter valued at $205,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of Corning in the 3rd quarter worth about $311,000. 69.80% of the stock is owned by institutional investors.

Corning Price Performance

Shares of NYSE:GLW opened at $93.37 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.56. The firm has a market cap of $80.05 billion, a price-to-earnings ratio of 59.09, a price-to-earnings-growth ratio of 1.64 and a beta of 1.13. The business has a 50-day simple moving average of $87.63 and a two-hundred day simple moving average of $78.58. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $96.64.

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

Analyst Ratings Changes

GLW has been the topic of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a research note on Monday, December 29th. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a research note on Friday. Susquehanna lifted their price objective on Corning from $75.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. Oppenheimer set a $100.00 target price on Corning and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. raised their price target on Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and an average price target of $93.36.

Insider Transactions at Corning

In other news, SVP Stefan Becker sold 12,100 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total transaction of $1,104,488.00. Following the transaction, the senior vice president directly owned 5,049 shares of the company’s stock, valued at $460,872.72. This represents a 70.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Edward A. Schlesinger sold 20,893 shares of Corning stock in a transaction on Friday, October 31st. The stock was sold at an average price of $91.25, for a total value of $1,906,486.25. Following the completion of the sale, the chief financial officer directly owned 66,959 shares of the company’s stock, valued at $6,110,008.75. The trade was a 23.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 156,135 shares of company stock valued at $14,088,769 over the last 90 days. 0.32% of the stock is owned by corporate insiders.

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.