Cornell Pochily Investment Advisors Inc. Has $809,000 Stock Holdings in Corning Incorporated $GLW

Key Points

• Cornell Pochily Investment Advisors Inc. increased its stake in Corning Incorporated by 31.1% in Q2, bringing its total holdings to 15,390 shares worth approximately $809,000.
• Other institutional investors, such as TFG Advisers LLC and ASR Vermogensbeheer N.V., also increased their stakes in Corning, with institutional ownership now at 69.80% of the company.
• Corning recently reported an EPS of $0.60 for the last quarter, beating estimates, and guided for Q3 2025 EPS between 0.630-0.670.

Cornell Pochily Investment Advisors Inc. raised its stake in Corning Incorporated (NYSE:GLW - Free Report) by 31.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,390 shares of the electronics maker's stock after acquiring an additional 3,653 shares during the period. Cornell Pochily Investment Advisors Inc.'s holdings in Corning were worth $809,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. TFG Advisers LLC boosted its stake in Corning by 5.8% in the second quarter. TFG Advisers LLC now owns 22,439 shares of the electronics maker's stock valued at $1,180,000 after buying an additional 1,229 shares in the last quarter. ASR Vermogensbeheer N.V. boosted its stake in Corning by 16.9% in the second quarter. ASR Vermogensbeheer N.V. now owns 52,899 shares of the electronics maker's stock valued at $2,782,000 after buying an additional 7,651 shares in the last quarter. AMI Asset Management Corp acquired a new stake in Corning in the second quarter valued at about $871,000. Northstar Group Inc. acquired a new stake in Corning in the second quarter valued at about $319,000. Finally, Pure Financial Advisors LLC boosted its stake in Corning by 3.3% in the second quarter. Pure Financial Advisors LLC now owns 9,099 shares of the electronics maker's stock valued at $479,000 after buying an additional 289 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company's stock.

Insider Transactions at Corning

In other Corning news, COO Avery H. Nelson III sold 36,240 shares of the company's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $62.26, for a total value of $2,256,302.40. Following the sale, the chief operating officer owned 64,838 shares in the company, valued at approximately $4,036,813.88. The trade was a 35.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jaymin Amin sold 17,721 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $77.18, for a total value of $1,367,706.78. Following the completion of the sale, the senior vice president owned 88,722 shares in the company, valued at $6,847,563.96. This trade represents a 16.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 181,671 shares of company stock worth $11,816,899. 0.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Susquehanna reaffirmed a "positive" rating and issued a $75.00 price objective (up from $60.00) on shares of Corning in a research note on Wednesday, July 30th. Barclays raised their price objective on Corning from $52.00 to $65.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price objective on Corning from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Mizuho boosted their price objective on Corning from $63.00 to $74.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, Wall Street Zen lowered Corning from a "strong-buy" rating to a "hold" rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $70.08.

Corning Trading Down 0.7%

Shares of GLW stock opened at $82.56 on Friday. The stock's fifty day simple moving average is $70.18 and its 200 day simple moving average is $55.66. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $84.35. The firm has a market capitalization of $70.72 billion, a P/E ratio of 87.83, a P/E/G ratio of 1.85 and a beta of 1.14. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 0.58.

Corning (NYSE:GLW - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The electronics maker reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. Corning had a return on equity of 17.27% and a net margin of 5.77%.The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same quarter in the previous year, the company posted $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. As a group, sell-side analysts predict that Corning Incorporated will post 2.33 EPS for the current fiscal year.

About Corning

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.

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