Corning Incorporated $GLW Position Boosted by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Corning Incorporated by 185.7% in the second quarter, now owning approximately 1.8 million shares valued at $94.7 million.
• Several other investors have also significantly boosted their holdings in Corning, with institutional ownership currently at 69.80%.
• Corning reported an earnings per share of $0.60 for the last quarter, exceeding analyst estimates and setting guidance for Q3 2025 between $0.630 and $0.670.

Robeco Institutional Asset Management B.V. lifted its stake in shares of Corning Incorporated (NYSE:GLW - Free Report) by 185.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,801,411 shares of the electronics maker's stock after purchasing an additional 1,170,992 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.21% of Corning worth $94,736,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Investment Management Corp VA ADV raised its stake in Corning by 165.9% during the first quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker's stock worth $34,000 after acquiring an additional 463 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in Corning by 90.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker's stock worth $34,000 after acquiring an additional 353 shares during the period. Resources Management Corp CT ADV raised its stake in Corning by 66.7% during the first quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker's stock worth $34,000 after acquiring an additional 300 shares during the period. Gen Wealth Partners Inc raised its stake in Corning by 151.7% during the first quarter. Gen Wealth Partners Inc now owns 755 shares of the electronics maker's stock worth $35,000 after acquiring an additional 455 shares during the period. Finally, Banque Transatlantique SA acquired a new stake in Corning during the first quarter worth about $34,000. Institutional investors own 69.80% of the company's stock.

Insider Buying and Selling at Corning

In related news, COO Avery H. Nelson III sold 36,240 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $62.26, for a total transaction of $2,256,302.40. Following the transaction, the chief operating officer owned 64,838 shares in the company, valued at $4,036,813.88. This trade represents a 35.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Wendell P. Weeks sold 82,103 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $65.19, for a total transaction of $5,352,294.57. Following the transaction, the chief executive officer owned 809,295 shares in the company, valued at $52,757,941.05. This represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 181,671 shares of company stock valued at $11,816,899. 0.40% of the stock is currently owned by company insiders.

Corning Price Performance

Shares of NYSE:GLW opened at $82.56 on Friday. The firm's 50 day moving average is $70.18 and its two-hundred day moving average is $55.66. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $84.35. The firm has a market capitalization of $70.72 billion, a P/E ratio of 87.83, a PEG ratio of 1.85 and a beta of 1.14. The company has a current ratio of 1.50, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58.

Corning (NYSE:GLW - Get Free Report) last posted its quarterly earnings data 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 net margin of 5.77% and a return on equity of 17.27%. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same quarter last year, the business earned $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on GLW. Citigroup increased their price objective on shares of Corning from $72.00 to $93.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Wolfe Research initiated coverage on shares of Corning in a research note on Tuesday, July 8th. They set an "outperform" rating on the stock. Morgan Stanley set a $56.00 price target on shares of Corning and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Argus restated a "buy" rating and issued a $68.00 price target on shares of Corning in a research note on Wednesday, July 30th. Finally, Mizuho raised their price target on shares of Corning from $63.00 to $74.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $70.08.

Corning Company Profile

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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