TFG Advisers LLC Acquires 1,229 Shares of Corning Incorporated $GLW

TFG Advisers LLC boosted its holdings in Corning Incorporated (NYSE:GLW) by 5.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,439 shares of the electronics maker’s stock after buying an additional 1,229 shares during the period. TFG Advisers LLC’s holdings in Corning were worth $1,180,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GLW. ASR Vermogensbeheer N.V. raised its position in Corning by 16.9% during the second quarter. ASR Vermogensbeheer N.V. now owns 52,899 shares of the electronics maker’s stock worth $2,782,000 after acquiring an additional 7,651 shares in the last quarter. AMI Asset Management Corp bought a new stake in shares of Corning during the 2nd quarter worth $871,000. Northstar Group Inc. bought a new stake in shares of Corning during the second quarter worth $319,000. Pure Financial Advisors LLC raised its holdings in Corning by 3.3% in the 2nd quarter. Pure Financial Advisors LLC now owns 9,099 shares of the electronics maker’s stock valued at $479,000 after buying an additional 289 shares during the last quarter. Finally, Consolidated Planning Corp increased its holdings in Corning by 14.5% in the second quarter. Consolidated Planning Corp now owns 30,287 shares of the electronics maker’s stock valued at $1,593,000 after purchasing an additional 3,828 shares during the period. Institutional investors and hedge funds own 69.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on GLW. Argus restated a “buy” rating and issued a $68.00 price target on shares of Corning in a report on Wednesday, July 30th. Citigroup upped their price objective on shares of Corning from $72.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Barclays boosted their target price on Corning from $52.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Wolfe Research assumed coverage on shares of Corning in a research report on Tuesday, July 8th. They issued an “outperform” rating for the company. Finally, Wall Street Zen lowered Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Corning presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.08.

Insider Buying and Selling at Corning

In other news, CEO Wendell P. Weeks sold 82,103 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $65.19, for a total transaction of $5,352,294.57. Following the transaction, the chief executive officer owned 809,295 shares of the company’s stock, valued at approximately $52,757,941.05. This represents a 9.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Avery H. Nelson III sold 36,240 shares of the company’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $62.26, for a total transaction of $2,256,302.40. Following the completion of the sale, the chief operating officer directly owned 64,838 shares of the company’s stock, valued at approximately $4,036,813.88. This trade represents a 35.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 181,671 shares of company stock worth $11,816,899 over the last quarter. Insiders own 0.40% of the company’s stock.

Corning Stock Performance

Shares of NYSE:GLW opened at $83.10 on Thursday. The company has a current ratio of 1.50, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average is $69.64 and its 200 day moving average is $55.42. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $83.75. The company has a market capitalization of $71.18 billion, a price-to-earnings ratio of 88.40, a PEG ratio of 1.83 and a beta of 1.14.

Corning (NYSE:GLW) last released its earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.84 billion. Corning had a return on equity of 17.27% and a net margin of 5.77%.During the same quarter last year, the firm posted $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Research analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Corning Company 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.