Corning Incorporated $GLW Shares Sold by Hanson & Doremus Investment Management

Key Points

• Hanson & Doremus Investment Management reduced its stake in Corning Incorporated (GLW) by 7.7% in Q2, now holding 143,761 shares valued at approximately $7.56 million.
• Multiple hedge funds have increased their positions in Corning, with one fund increasing its stake by 165.9% during the first quarter.
• Corning recently reported earnings of $0.60 per share, exceeding analyst expectations, and announced a Q3 2025 EPS guidance of 0.630-0.670.

Hanson & Doremus Investment Management lowered its stake in shares of Corning Incorporated (NYSE:GLW - Free Report) by 7.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,761 shares of the electronics maker's stock after selling 11,986 shares during the quarter. Corning makes up about 1.0% of Hanson & Doremus Investment Management's investment portfolio, making the stock its 17th largest holding. Hanson & Doremus Investment Management's holdings in Corning were worth $7,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in GLW. Investment Management Corp VA ADV grew its position in shares of 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 buying an additional 463 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of 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 buying an additional 353 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Corning during the first quarter worth approximately $34,000. Resources Management Corp CT ADV lifted 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 purchasing an additional 300 shares during the last quarter. Finally, Gen Wealth Partners Inc lifted 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 purchasing an additional 455 shares during the last quarter. Institutional investors and hedge funds 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 Corning stock in a transaction dated 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 sale, the chief operating officer directly owned 64,838 shares in the company, valued at $4,036,813.88. The trade was a 35.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jaymin Amin sold 17,721 shares of Corning stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $77.18, for a total transaction of $1,367,706.78. Following the sale, the senior vice president owned 88,722 shares in the company, valued at approximately $6,847,563.96. This represents a 16.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 181,671 shares of company stock valued at $11,816,899. 0.32% of the stock is currently owned by insiders.

Corning Stock Performance

GLW stock opened at $79.33 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.50. The stock has a market capitalization of $67.96 billion, a price-to-earnings ratio of 84.39, a PEG ratio of 1.77 and a beta of 1.09. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $81.58. The stock's fifty day moving average is $68.01 and its two-hundred day moving average is $54.80.

Corning (NYSE:GLW - Get Free Report) last posted its earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share (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 company had revenue of $3.86 billion for the quarter, compared to analysts' expectations of $3.84 billion. During the same period last year, the business posted $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. On average, research analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Wall Street Analyst Weigh In

GLW has been the topic of several research analyst reports. Argus restated a "buy" rating and set a $68.00 price objective on shares of Corning in a research note on Wednesday, July 30th. Oppenheimer restated an "outperform" rating and set a $72.00 price objective (up from $55.00) on shares of Corning in a research note on Wednesday, July 30th. Susquehanna restated a "positive" rating and set a $75.00 price objective (up from $60.00) on shares of Corning in a research note on Wednesday, July 30th. JPMorgan Chase & Co. raised their price objective on Corning from $62.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, Morgan Stanley set a $56.00 price objective on Corning and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. One investment 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 company. According to MarketBeat, Corning presently has an average rating of "Moderate Buy" and a consensus 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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