Orion Porfolio Solutions LLC Has $8.64 Million Stock Holdings in Corning Incorporated $GLW

Orion Porfolio Solutions LLC trimmed its position in Corning Incorporated (NYSE:GLW) by 5.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,374 shares of the electronics maker’s stock after selling 6,435 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Corning were worth $8,644,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Corning in the second quarter valued at about $534,936,000. WCM Investment Management LLC bought a new position in shares of Corning in the third quarter worth about $676,931,000. Voya Investment Management LLC boosted its stake in shares of Corning by 748.0% in the 3rd quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock valued at $260,014,000 after purchasing an additional 2,795,948 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Corning by 93.0% in the 2nd quarter. Raymond James Financial Inc. now owns 3,407,608 shares of the electronics maker’s stock valued at $179,206,000 after purchasing an additional 1,641,558 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Corning by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after purchasing an additional 1,582,895 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GLW shares. Susquehanna increased their price objective on shares of Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. Mizuho set a $145.00 price target on shares of Corning in a report on Monday, February 23rd. Wolfe Research set a $130.00 price target on Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Barclays set a $100.00 price objective on Corning in a report on Thursday, January 29th. Finally, UBS Group boosted their price objective on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $125.42.

Insiders Place Their Bets

In other Corning news, EVP Lewis A. Steverson sold 15,366 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 3,461 shares of the company’s stock, valued at approximately $450,691.42. This trade represents a 81.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Edward A. Schlesinger sold 21,104 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the completion of the sale, the chief financial officer owned 54,780 shares in the company, valued at $5,727,249. This represents a 27.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 233,201 shares of company stock valued at $32,614,558. 0.40% of the stock is currently owned by corporate insiders.

Corning Trading Down 8.6%

NYSE:GLW opened at $123.21 on Friday. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $162.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The firm’s fifty day moving average is $113.50 and its 200-day moving average is $92.80. The firm has a market cap of $105.71 billion, a P/E ratio of 66.96, a P/E/G ratio of 2.33 and a beta of 1.05.

Corning (NYSE:GLW) last announced its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous year, the business earned $0.57 EPS. The firm’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. Equities analysts expect that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio is 60.87%.

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.