Titleist Asset Management LLC Makes New Investment in Corning Incorporated $GLW

by · The Cerbat Gem

Titleist Asset Management LLC bought a new stake in Corning Incorporated (NYSE:GLW – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,969 shares of the electronics maker’s stock, valued at approximately $408,000.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. purchased a new stake in Corning during the first quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Corning by 9.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after acquiring an additional 5,522 shares during the period. Sivia Capital Partners LLC purchased a new position in Corning in the second quarter valued at about $401,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Corning during the 2nd quarter valued at approximately $127,000. 69.80% of the stock is currently owned by institutional investors.

Insider Activity at Corning

In other Corning news, SVP Li Fang sold 9,797 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Edward A. Schlesinger sold 21,104 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the sale, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. The trade was a 27.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 55,945 shares of company stock valued at $6,072,986. Company insiders own 0.40% of the company’s stock.

Corning Trading Up 2.7%

Shares of GLW opened at $112.70 on Friday. The business’s 50-day moving average price is $92.19 and its 200-day moving average price is $81.58. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $117.30. The stock has a market cap of $96.62 billion, a PE ratio of 61.25, a P/E/G ratio of 1.90 and a beta of 1.13.

Corning (NYSE:GLW – Get Free Report) last posted its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the firm posted $0.57 EPS. Corning’s revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on GLW. Mizuho lifted their price target on shares of Corning from $97.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Fox Advisors downgraded Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Argus upped their price target on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Morgan Stanley increased their price target on Corning from $98.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 29th. Finally, Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $112.36.

View Our Latest Research Report on GLW

About Corning

(Free Report)

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.

See Also