Meeder Asset Management Inc. Increases Stock Position in Corning Incorporated $GLW

by · The Cerbat Gem

Meeder Asset Management Inc. boosted its position in shares of Corning Incorporated (NYSE:GLW – Free Report) by 418.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,081 shares of the electronics maker’s stock after purchasing an additional 28,313 shares during the period. Meeder Asset Management Inc.’s holdings in Corning were worth $2,878,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vista Investment Partners LLC grew its stake in shares of Corning by 1.3% during the third quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock valued at $779,000 after acquiring an additional 119 shares in the last quarter. Sapient Capital LLC grew its stake in Corning by 2.2% during the 3rd quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock valued at $452,000 after purchasing an additional 120 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Corning by 1.6% during the 3rd quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock worth $635,000 after purchasing an additional 124 shares during the last quarter. Fiduciary Alliance LLC raised its position in shares of Corning by 0.7% in the 3rd quarter. Fiduciary Alliance LLC now owns 18,474 shares of the electronics maker’s stock valued at $1,515,000 after purchasing an additional 137 shares in the last quarter. Finally, Old North State Wealth Management LLC boosted its stake in shares of Corning by 0.4% during the 3rd quarter. Old North State Wealth Management LLC now owns 40,468 shares of the electronics maker’s stock valued at $3,320,000 after buying an additional 143 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Analysts Set New Price Targets

GLW has been the subject of a number of research analyst reports. Susquehanna lifted their price target on shares of Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. Morgan Stanley boosted their target price on shares of Corning from $82.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Mizuho set a $97.00 price target on shares of Corning in a research report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price objective on Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, Barclays increased their target price on Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Corning has an average rating of “Moderate Buy” and a consensus price target of $93.09.

Read Our Latest Report on GLW

Corning Stock Down 0.1%

Shares of Corning stock opened at $85.23 on Monday. The stock has a market capitalization of $73.07 billion, a price-to-earnings ratio of 53.94, a PEG ratio of 1.55 and a beta of 1.13. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $96.64. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. The business’s 50 day simple moving average is $86.42 and its 200-day simple moving average is $75.77.

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

Insider Activity

In other Corning news, SVP Stefan Becker sold 12,100 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $91.28, for a total value of $1,104,488.00. Following the sale, the senior vice president owned 5,049 shares in the company, valued at approximately $460,872.72. This trade represents a 70.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lewis A. Steverson sold 23,142 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $89.05, for a total transaction of $2,060,795.10. Following the sale, the executive vice president owned 17,575 shares in the company, valued at $1,565,053.75. This trade represents a 56.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 156,135 shares of company stock worth $14,088,769 in the last 90 days. 0.40% of the stock is currently owned by insiders.

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.

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