Corning Incorporated $GLW Shares Acquired by River Street Advisors LLC

Key Points

• River Street Advisors LLC increased its holdings in Corning Incorporated by 77.2%, owning 33,950 shares worth approximately $1,785,000 as of the latest filing with the SEC.
• Corning's latest earnings report showed EPS of $0.60, exceeding analysts' expectations and setting Q3 2025 guidance at $0.630-0.670 EPS.
• Despite recent increases by institutional investors, Corning's stock price has dropped 0.7%, with a 52-week trading range between $37.31 and $84.35.

River Street Advisors LLC increased its holdings in shares of Corning Incorporated (NYSE:GLW - Free Report) by 77.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,950 shares of the electronics maker's stock after buying an additional 14,787 shares during the period. River Street Advisors LLC's holdings in Corning were worth $1,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Investment Management Corp VA ADV lifted its position in shares of Corning by 165.9% during the 1st quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker's stock valued at $34,000 after buying an additional 463 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Corning by 90.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker's stock valued at $34,000 after buying an additional 353 shares in the last quarter. Banque Transatlantique SA purchased a new position in shares of Corning during the 1st quarter valued at approximately $34,000. Resources Management Corp CT ADV lifted its position in shares of Corning by 66.7% during the 1st quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker's stock valued at $34,000 after buying an additional 300 shares in the last quarter. Finally, Gen Wealth Partners Inc lifted its position in shares of Corning by 151.7% during the 1st quarter. Gen Wealth Partners Inc now owns 755 shares of the electronics maker's stock valued at $35,000 after buying an additional 455 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company's stock.

Corning Stock Down 0.7%

Shares of GLW opened at $82.56 on Friday. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $84.35. The company has a market capitalization of $70.72 billion, a PE ratio of 87.83, a price-to-earnings-growth ratio of 1.85 and a beta of 1.14. The stock has a fifty day simple moving average of $70.18 and a two-hundred day simple moving average of $55.66. 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 issued its earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same period last year, the company earned $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. As a group, equities analysts forecast that Corning Incorporated will post 2.33 EPS for the current year.

Analysts Set New Price Targets

GLW has been the topic of a number of recent analyst reports. Wall Street Zen lowered Corning from a "strong-buy" rating to a "hold" rating in a research report on Saturday, September 13th. UBS Group raised their price objective on Corning from $84.00 to $91.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. Wolfe Research began coverage on Corning in a report on Tuesday, July 8th. They issued an "outperform" rating on the stock. Susquehanna restated a "positive" rating and issued a $75.00 price objective (up previously from $60.00) on shares of Corning in a report on Wednesday, July 30th. Finally, Oppenheimer restated an "outperform" rating and issued a $72.00 price objective (up previously from $55.00) on shares of Corning in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $70.08.

Insiders Place Their Bets

In other Corning news, SVP Jaymin Amin sold 17,721 shares of the firm's stock in a transaction on Wednesday, September 17th. The stock was 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 directly owned 88,722 shares of the company's stock, valued at $6,847,563.96. This trade represents a 16.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lewis A. Steverson sold 16,646 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $62.22, for a total value of $1,035,714.12. Following the completion of the sale, the executive vice president directly owned 39,759 shares of the company's stock, valued at $2,473,804.98. This trade represents a 29.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 181,671 shares of company stock worth $11,816,899. 0.40% of the stock is currently owned by company insiders.

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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