Vise Technologies Inc. Acquires Shares of 12,069 Corning Incorporated $GLW

Vise Technologies Inc. bought a new position in shares of Corning Incorporated (NYSE:GLW) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,069 shares of the electronics maker’s stock, valued at approximately $635,000.

Other hedge funds have also modified their holdings of the company. Amundi boosted its position 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 buying an additional 2,507,797 shares during the last quarter. Nuveen LLC acquired a new position in shares of Corning during the first quarter valued at $104,789,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Corning during the second quarter valued at $92,560,000. Robeco Institutional Asset Management B.V. boosted its holdings in Corning by 185.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,801,411 shares of the electronics maker’s stock valued at $94,736,000 after acquiring an additional 1,170,992 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in Corning by 37.1% during the 1st quarter. Deutsche Bank AG now owns 3,835,799 shares of the electronics maker’s stock worth $175,603,000 after purchasing an additional 1,037,875 shares during the last quarter. 69.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GLW. Mizuho set a $97.00 target price on shares of Corning in a research report on Wednesday, October 29th. Oppenheimer set a $100.00 price objective on shares of Corning and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Argus upped their target price on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a research note on Thursday. Finally, Susquehanna lifted their price objective on Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.82.

Insider Transactions at Corning

In other news, insider Eric S. Musser sold 100,000 shares of Corning stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the completion of the transaction, the insider directly owned 44,926 shares in the company, valued at $4,050,977.42. This trade represents a 69.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stefan Becker sold 12,100 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president owned 5,049 shares in the company, valued at $460,872.72. This represents a 70.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 173,856 shares of company stock valued at $15,456,476. Corporate insiders own 0.32% of the company’s stock.

Corning Stock Performance

NYSE:GLW opened at $81.83 on Friday. The company has a market capitalization of $70.16 billion, a PE ratio of 51.79, a P/E/G ratio of 1.99 and a beta of 1.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 1.56. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $92.57. The company has a 50 day simple moving average of $83.36 and a two-hundred day simple moving average of $64.90.

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

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, November 14th. Corning’s payout ratio is 70.89%.

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.