Newbridge Financial Services Group Inc. Cuts Position in Corning Incorporated $GLW

17 Dec 2025, 05:16 by Amy Steele · The Cerbat Gem

Newbridge Financial Services Group Inc. decreased its holdings in shares of Corning Incorporated (NYSE:GLW – Free Report) by 94.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,469 shares of the electronics maker’s stock after selling 25,663 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Corning were worth $77,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. REAP Financial Group LLC increased its position in Corning by 191.5% during the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock valued at $27,000 after buying an additional 339 shares in the last quarter. Banque Transatlantique SA purchased a new stake in shares of Corning in the first quarter worth $34,000. Resources Management Corp CT ADV increased its holdings in shares of Corning by 66.7% during the first quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock valued at $34,000 after acquiring an additional 300 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Corning in the 2nd quarter worth about $36,000. Finally, Elevation Point Wealth Partners LLC bought a new position in Corning in the 2nd quarter worth about $38,000. 69.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Corning

In other Corning news, insider Eric S. Musser sold 100,000 shares of the stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $90.17, for a total value of $9,017,000.00. Following the transaction, the insider directly owned 44,926 shares in the company, valued at approximately $4,050,977.42. This trade represents a 69.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $1,906,486.25. Following the transaction, the chief financial officer owned 66,959 shares in the company, valued at $6,110,008.75. This represents a 23.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 156,135 shares of company stock worth $14,088,769 over the last quarter. Company insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Susquehanna raised their price objective on shares of Corning from $75.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. UBS Group reissued a “buy” rating and set a $109.00 price target (up previously from $100.00) on shares of Corning in a research report on Friday, November 21st. Barclays upped their price objective on Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their target price on Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Finally, Morgan Stanley set a $82.00 price target on Corning in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and a consensus target price of $91.64.

View Our Latest Stock Analysis on Corning

Corning Price Performance

Shares of GLW opened at $86.43 on Wednesday. The firm has a fifty day simple moving average of $85.88 and a two-hundred day simple moving average of $71.03. The firm has a market cap of $74.10 billion, a PE ratio of 54.70, a P/E/G ratio of 1.93 and a beta of 1.11. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $96.64.

Corning (NYSE:GLW – Get Free Report) last released its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $4.10 billion for 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%.The company’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, equities analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 14th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. Corning’s dividend payout ratio is presently 70.89%.

Corning Profile

(Free Report)

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.