NEOS Investment Management LLC Acquires 31,293 Shares of Corning Incorporated $GLW

NEOS Investment Management LLC increased its holdings in shares of Corning Incorporated (NYSE:GLW) by 43.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,567 shares of the electronics maker’s stock after purchasing an additional 31,293 shares during the quarter. NEOS Investment Management LLC’s holdings in Corning were worth $8,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Holistic Financial Partners purchased a new position in Corning in the 3rd quarter worth about $248,000. Merit Financial Group LLC grew its stake in shares of Corning by 8.6% in the third quarter. Merit Financial Group LLC now owns 38,508 shares of the electronics maker’s stock worth $3,159,000 after acquiring an additional 3,064 shares during the period. Founders Financial Alliance LLC bought a new position in Corning during the third quarter valued at approximately $290,000. Southeast Asset Advisors LLC lifted its position in Corning by 20.0% during the third quarter. Southeast Asset Advisors LLC now owns 6,000 shares of the electronics maker’s stock valued at $492,000 after purchasing an additional 1,000 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Corning by 0.8% in the third quarter. Vanguard Group Inc. now owns 98,702,639 shares of the electronics maker’s stock worth $8,096,577,000 after purchasing an additional 750,530 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on GLW. Zacks Research cut Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Citigroup increased their target price on Corning from $102.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Fox Advisors downgraded Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. Weiss Ratings raised shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $114.25.

Insider Buying and Selling at Corning

In other news, COO Avery H. Nelson III sold 1,583 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total value of $203,795.42. Following the completion of the transaction, the chief operating officer owned 59,788 shares of the company’s stock, valued at $7,697,107.12. This represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Lewis A. Steverson sold 15,366 shares of Corning stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the sale, the executive vice president directly owned 3,461 shares in the company, valued at $450,691.42. This trade represents a 81.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 95,687 shares of company stock valued at $11,249,008. 0.40% of the stock is currently owned by corporate insiders.

Corning Stock Up 1.3%

GLW stock opened at $132.25 on Thursday. The business’s 50-day moving average price is $100.12 and its 200-day moving average price is $86.32. The stock has a market cap of $113.46 billion, a P/E ratio of 71.88, a PEG ratio of 2.26 and a beta of 1.13. 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 Incorporated has a twelve month low of $37.31 and a twelve month high of $136.82.

Corning (NYSE:GLW) last released its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities research analysts forecast that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio is presently 60.87%.

Corning Company 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.