Osaic Holdings Inc. Has $10.71 Million Stock Position in Corning Incorporated $GLW

Osaic Holdings Inc. lifted its stake in shares of Corning Incorporated (NYSE:GLW) by 10.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,864 shares of the electronics maker’s stock after purchasing an additional 18,479 shares during the quarter. Osaic Holdings Inc.’s holdings in Corning were worth $10,713,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GLW. Parkside Financial Bank & Trust grew its stake in Corning by 3.1% in the second quarter. Parkside Financial Bank & Trust now owns 5,296 shares of the electronics maker’s stock valued at $278,000 after acquiring an additional 158 shares during the period. Groupe la Francaise lifted its holdings in shares of Corning by 8.2% in the 2nd quarter. Groupe la Francaise now owns 2,284 shares of the electronics maker’s stock worth $120,000 after purchasing an additional 173 shares in the last quarter. Empirical Finance LLC grew its position in Corning by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 27,043 shares of the electronics maker’s stock valued at $1,422,000 after purchasing an additional 184 shares during the period. Zions Bancorporation National Association UT increased its stake in Corning by 3.3% during the 2nd quarter. Zions Bancorporation National Association UT now owns 5,746 shares of the electronics maker’s stock valued at $302,000 after purchasing an additional 185 shares in the last quarter. Finally, Forte Capital LLC ADV raised its holdings in Corning by 2.4% during the second quarter. Forte Capital LLC ADV now owns 7,973 shares of the electronics maker’s stock worth $419,000 after buying an additional 190 shares during the last quarter. 69.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GLW. Susquehanna lifted their price objective on shares of Corning from $75.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Corning in a research note on Monday. Barclays boosted their price objective on Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Mizuho set a $97.00 target price on Corning in a report on Wednesday, October 29th. Finally, Argus lifted their target price on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research 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 MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and a consensus target price of $93.09.

Corning Price Performance

Corning stock opened at $87.81 on Friday. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $96.64. The company’s 50 day moving average price is $85.94 and its two-hundred day moving average price is $71.50. The stock has a market cap of $75.28 billion, a P/E ratio of 55.58, a P/E/G ratio of 1.90 and a beta of 1.11. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.62.

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

Corning Announces Dividend

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

Insiders Place Their Bets

In related news, CFO Edward A. Schlesinger sold 20,893 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $91.25, for a total value of $1,906,486.25. Following the transaction, the chief financial officer directly owned 66,959 shares of the company’s stock, valued at approximately $6,110,008.75. The trade was a 23.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lewis A. Steverson sold 23,142 shares of the firm’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 of the company’s stock, valued at $1,565,053.75. This trade represents a 56.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 156,135 shares of company stock valued at $14,088,769. 0.40% of the stock is currently owned by company insiders.

Corning Profile

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.