Corning Incorporated $GLW Stock Bought by Venture Visionary Partners LLC

Venture Visionary Partners LLC lifted its stake in Corning Incorporated (NYSE:GLW) by 9.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,667 shares of the electronics maker’s stock after purchasing an additional 3,415 shares during the period. Venture Visionary Partners LLC’s holdings in Corning were worth $6,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLW. State Street Corp grew its stake in shares of Corning by 13.4% during the second quarter. State Street Corp now owns 41,108,384 shares of the electronics maker’s stock worth $10,500,315,000 after purchasing an additional 4,845,027 shares in the last quarter. Bank of America Corp DE grew its position in shares of Corning by 29.2% during the second quarter. Bank of America Corp DE now owns 18,730,616 shares of the electronics maker’s stock worth $4,784,361,000 after acquiring an additional 4,231,507 shares during the last quarter. Wellington Management Group LLP grew its position in Corning by 50.9% during the 2nd quarter. Wellington Management Group LLP now owns 13,174,194 shares of the electronics maker’s stock worth $3,365,084,000 after purchasing an additional 4,446,514 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Corning in the 2nd quarter valued at about $1,510,911,000. Finally, Legal & General Group Plc acquired a new position in shares of Corning in the second quarter valued at approximately $1,212,283,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Down 3.5%

Shares of GLW traded down $5.85 during midday trading on Wednesday, reaching $163.12. 5,177,034 shares of the company were exchanged, compared to its average volume of 12,088,072. The company has a market cap of $140.51 billion, a price-to-earnings ratio of 74.48, a P/E/G ratio of 2.03 and a beta of 1.13. Corning Incorporated has a 1-year low of $77.39 and a 1-year high of $271.78. The stock has a 50-day moving average price of $155.06 and a 200-day moving average price of $168.44. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. Corning’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Research analysts expect that Corning Incorporated will post 3.28 earnings per share for the current year.

Insider Buying and Selling

In other Corning news, EVP Lewis Steverson sold 13,100 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

GLW has been the subject of several analyst reports. Barclays cut their price target on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. China Renaissance raised shares of Corning from a “hold” rating to a “buy” rating and set a $238.00 price objective on the stock in a research note on Tuesday, September 8th. The Goldman Sachs Group reissued an “outperform” rating on shares of Corning in a research report on Tuesday, September 15th. Oppenheimer cut their price objective on shares of Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Finally, Citigroup dropped their target price on Corning from $240.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Twelve equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and a consensus price target of $174.87.

Corning Profile

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.