Corning Incorporated $GLW Stock Holdings Increased by Robbins Farley

by · The Cerbat Gem

Robbins Farley raised its holdings in Corning Incorporated (NYSE:GLW – Free Report) by 5,478.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,156 shares of the electronics maker’s stock after acquiring an additional 10,956 shares during the quarter. Robbins Farley’s holdings in Corning were worth $1,715,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Capstone Capital Management Ltd raised its holdings in shares of Corning by 340.5% during the 3rd quarter. Capstone Capital Management Ltd now owns 38,552 shares of the electronics maker’s stock valued at $5,928,000 after purchasing an additional 29,801 shares in the last quarter. Carnegie Investment Counsel lifted its stake in shares of Corning by 5.7% in the 3rd quarter. Carnegie Investment Counsel now owns 57,398 shares of the electronics maker’s stock valued at $8,826,000 after purchasing an additional 3,074 shares during the last quarter. Integrated Advisors Network LLC boosted its holdings in Corning by 41.4% in the third quarter. Integrated Advisors Network LLC now owns 27,141 shares of the electronics maker’s stock worth $4,173,000 after purchasing an additional 7,950 shares in the last quarter. Harfst & Associates Inc. boosted its holdings in Corning by 0.7% in the third quarter. Harfst & Associates Inc. now owns 13,615 shares of the electronics maker’s stock worth $2,093,000 after purchasing an additional 89 shares in the last quarter. Finally, Diversify Advisory Services LLC boosted its holdings in Corning by 39.7% in the third quarter. Diversify Advisory Services LLC now owns 36,958 shares of the electronics maker’s stock worth $5,683,000 after purchasing an additional 10,506 shares in the last quarter. 69.80% of the stock is owned by institutional investors.

Corning Trading Down 0.4%

Shares of GLW stock opened at $132.16 on Wednesday. Corning Incorporated has a 12 month low of $77.39 and a 12 month high of $271.78. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $153.14 and its two-hundred day moving average is $168.85. The company has a market cap of $113.84 billion, a PE ratio of 60.35, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13.

Corning (NYSE:GLW – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. Corning had a net margin of 11.20% and a return on equity of 20.09%. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Equities analysts predict that Corning Incorporated will post 3.29 EPS for the current year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 13th will be paid a $0.28 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. Corning’s dividend payout ratio (DPR) is presently 51.14%.

Insider Transactions at Corning

In related news, EVP Lewis Steverson sold 13,100 shares of Corning stock in a transaction on Friday, August 28th. The shares were sold at an average price of $151.29, for a total value of $1,981,899.00. Following the transaction, the executive vice president owned 15,052 shares in the company, valued at $2,277,217.08. This trade represents a 46.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on GLW. Barclays lowered their target price on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Citigroup cut their target price on Corning from $240.00 to $220.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price target on Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Weiss Ratings cut Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Finally, Bank of America decreased their price target on Corning from $243.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $177.56.

Check Out Our Latest Research Report on Corning

Corning Company Profile

(Free Report)

Corning Incorporated (NYSE: GLW) is a technology company that develops and manufactures specialty glass, ceramics and optical-fiber products. Its materials and engineering expertise support communications networks, consumer electronics, automotive systems, life sciences and other industrial applications.

The company’s products include optical fiber, cable and connectivity solutions used in telecommunications infrastructure; glass substrates for televisions, computer monitors and other displays; durable cover glass for mobile devices; emissions-control components for vehicles; laboratory glassware and consumables; and specialized glass and ceramic materials for scientific, industrial and semiconductor applications.

Founded in 1851 and headquartered in Corning, New York, the company serves customers through operations and facilities across North America, Europe, Asia and other international markets.

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