Corning Incorporated $GLW Shares Purchased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC increased its holdings in Corning Incorporated (NYSE:GLW) by 272.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,867 shares of the electronics maker’s stock after purchasing an additional 6,488 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Corning were worth $712,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GLW. CVA Family Office LLC raised its stake in shares of Corning by 10.3% during the 3rd quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock worth $98,000 after buying an additional 111 shares during the period. Vista Investment Partners LLC increased its holdings in Corning by 1.3% in the 3rd quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock worth $779,000 after acquiring an additional 119 shares in the last quarter. Sapient Capital LLC raised its position in Corning by 2.2% during the third quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock worth $452,000 after acquiring an additional 120 shares during the period. Sivia Capital Partners LLC lifted its holdings in Corning by 1.6% during the third quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock valued at $635,000 after purchasing an additional 124 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its position in shares of Corning by 58.5% in the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Stock Down 2.5%

Shares of NYSE:GLW opened at $128.14 on Wednesday. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $132.50. The stock has a market cap of $109.86 billion, a P/E ratio of 69.64, a PEG ratio of 2.28 and a beta of 1.13. The business has a fifty day moving average of $94.81 and a two-hundred day moving average of $83.49. 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 (NYSE:GLW) last announced its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the company posted $0.57 EPS. The company’s revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, research analysts expect that Corning Incorporated will post 2.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

GLW has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Corning from $98.00 to $103.00 and gave the stock an “equal weight” rating in a research 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. UBS Group reaffirmed a “buy” rating and issued a $125.00 price target on shares of Corning in a research note on Friday, January 30th. Wolfe Research set a $130.00 price objective on Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Finally, Argus lifted their target price on shares of Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Corning has a consensus rating of “Moderate Buy” and a consensus target price of $112.36.

Insider Buying and Selling at Corning

In other news, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction that occurred on 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 owned 54,780 shares of the company’s stock, valued at $5,727,249. This represents a 27.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Li Fang sold 9,797 shares of Corning stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total transaction of $1,112,057.47. The disclosure for this sale is available in the SEC filing. Insiders have sold 70,945 shares of company stock worth $8,026,736 in the last ninety days. 0.32% of the stock is owned by 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.