Robeco Schweiz AG Increases Stake in Corning Incorporated $GLW

Robeco Schweiz AG grew its holdings in shares of Corning Incorporated (NYSE:GLW) by 10.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 248,500 shares of the electronics maker’s stock after purchasing an additional 23,000 shares during the quarter. Robeco Schweiz AG’s holdings in Corning were worth $13,069,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Amundi raised its holdings in Corning by 64.3% in the 1st quarter. Amundi now owns 6,408,605 shares of the electronics maker’s stock valued at $271,237,000 after acquiring an additional 2,507,797 shares during the last quarter. Invesco Ltd. boosted its stake in Corning by 4.8% during the first quarter. Invesco Ltd. now owns 6,337,063 shares of the electronics maker’s stock worth $290,111,000 after buying an additional 288,328 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Corning by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,844,174 shares of the electronics maker’s stock valued at $267,546,000 after buying an additional 558,184 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Corning by 37.1% in the 1st quarter. Deutsche Bank AG now owns 3,835,799 shares of the electronics maker’s stock worth $175,603,000 after acquiring an additional 1,037,875 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Corning during the 1st quarter worth $104,789,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Edward A. Schlesinger sold 20,893 shares of the 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 transaction, the chief financial officer owned 66,959 shares of the company’s stock, valued at $6,110,008.75. This represents a 23.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jaymin Amin sold 17,721 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $77.18, for a total value of $1,367,706.78. Following the sale, the senior vice president owned 88,722 shares of the company’s stock, valued at approximately $6,847,563.96. The trade was a 16.65% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 173,856 shares of company stock worth $15,456,476. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on GLW shares. 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. Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Mizuho set a $97.00 target price on Corning in a research report on Wednesday, October 29th. JPMorgan Chase & Co. increased their price target on Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Finally, Argus raised their price objective on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $90.82.

Corning Price Performance

GLW opened at $88.61 on Tuesday. The stock’s 50-day moving average price is $82.11 and its 200 day moving average price is $64.03. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $92.57. The firm has a market cap of $75.97 billion, a price-to-earnings ratio of 56.08, a PEG ratio of 1.99 and a beta of 1.15. The company has a current ratio of 1.56, a quick ratio of 0.93 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last released its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.24 billion. Corning had a return on equity of 18.12% and a net margin of 9.16%.Corning’s revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, sell-side analysts expect that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, November 14th. Corning’s payout ratio is 70.89%.

Corning Profile

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.