Corning Incorporated $GLW is Minneapolis Portfolio Management Group LLC’s Largest Position

Minneapolis Portfolio Management Group LLC lowered its stake in Corning Incorporated (NYSE:GLW) by 21.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 707,667 shares of the electronics maker’s stock after selling 192,656 shares during the quarter. Corning comprises 6.7% of Minneapolis Portfolio Management Group LLC’s portfolio, making the stock its largest position. Minneapolis Portfolio Management Group LLC’s holdings in Corning were worth $58,050,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC grew its position in Corning by 46.0% in the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after acquiring an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in Corning during the 1st quarter valued at $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Corning by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after buying an additional 5,522 shares during the period. Pallas Capital Advisors LLC lifted its holdings in Corning by 158.0% in the 2nd quarter. Pallas Capital Advisors LLC now owns 16,146 shares of the electronics maker’s stock worth $849,000 after buying an additional 9,888 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Corning in the 2nd quarter valued at about $401,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Corning

In other Corning news, SVP Stefan Becker sold 12,100 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president owned 5,049 shares of the company’s stock, valued at $460,872.72. This trade represents a 70.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Edward A. Schlesinger sold 20,893 shares of Corning stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 156,135 shares of company stock valued at $14,088,769. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GLW. Oppenheimer set a $100.00 target price on Corning and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. JPMorgan Chase & Co. increased their target price on Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Barclays lifted their price target on shares of Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Mizuho set a $97.00 price objective on shares of 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 given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.36.

Corning Price Performance

Shares of NYSE GLW opened at $94.31 on Friday. 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 company has a market capitalization of $80.86 billion, a price-to-earnings ratio of 59.69, a price-to-earnings-growth ratio of 1.15 and a beta of 1.13. The business has a 50 day simple moving average of $86.87 and a 200-day simple moving average of $76.80.

Corning (NYSE:GLW) last announced its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.24 billion. Corning had a return on equity of 18.12% and a net margin of 9.16%.The firm’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 earnings per share. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, equities research analysts expect that Corning Incorporated will post 2.33 earnings per share for the current year.

About Corning

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.