Integrated Investment Consultants LLC Invests $227,000 in Corning Incorporated $GLW

Key Points

• Integrated Investment Consultants LLC has invested $227,000 in Corning Incorporated by acquiring 4,954 shares during the first quarter.
• Corning's recent earnings report showed an EPS of $0.60, beating analyst estimates, and the company has set a Q3 2025 EPS guidance of $0.630-0.670.
• The company announced a quarterly dividend of $0.28 per share, scheduled for payment on September 29th, indicating a yield of 1.7%.

Integrated Investment Consultants LLC bought a new position in Corning Incorporated (NYSE:GLW - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,954 shares of the electronics maker's stock, valued at approximately $227,000.

Other institutional investors have also recently modified their holdings of the company. CW Advisors LLC boosted its position in shares of Corning by 36.0% during the first quarter. CW Advisors LLC now owns 19,587 shares of the electronics maker's stock valued at $904,000 after buying an additional 5,190 shares during the last quarter. Summit Financial LLC boosted its holdings in shares of Corning by 3.0% during the 1st quarter. Summit Financial LLC now owns 14,864 shares of the electronics maker's stock valued at $680,000 after acquiring an additional 435 shares during the last quarter. Tiemann Investment Advisors LLC grew its stake in shares of Corning by 6.2% in the first quarter. Tiemann Investment Advisors LLC now owns 6,025 shares of the electronics maker's stock worth $276,000 after acquiring an additional 350 shares during the period. Dorsey & Whitney Trust CO LLC grew its stake in shares of Corning by 70.2% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 34,016 shares of the electronics maker's stock worth $1,557,000 after acquiring an additional 14,026 shares during the period. Finally, Venture Visionary Partners LLC grew its stake in shares of Corning by 9.2% in the first quarter. Venture Visionary Partners LLC now owns 28,591 shares of the electronics maker's stock worth $1,309,000 after acquiring an additional 2,412 shares during the period. 69.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Michael Paul O'day sold 14,879 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $62.36, for a total value of $927,854.44. Following the transaction, the senior vice president directly owned 35,743 shares of the company's stock, valued at approximately $2,228,933.48. The trade was a 29.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lewis A. Steverson sold 16,646 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president owned 39,759 shares of the company's stock, valued at $2,473,804.98. The trade was a 29.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 211,484 shares of company stock worth $12,813,804 in the last ninety days. Corporate insiders own 0.40% of the company's stock.

Corning Trading Up 0.1%

Shares of NYSE:GLW opened at $64.57 on Thursday. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $66.50. 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 $55.31 billion, a price-to-earnings ratio of 68.69, a PEG ratio of 1.45 and a beta of 1.08. The stock's 50-day simple moving average is $56.55 and its two-hundred day simple moving average is $50.42.

Corning (NYSE:GLW - Get Free Report) last released its earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.84 billion. Corning had a net margin of 5.77% and a return on equity of 17.27%. During the same period in the prior year, the firm posted $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Analysts expect that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 29th. Corning's dividend payout ratio is currently 119.15%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Mizuho lifted their price target on shares of Corning from $63.00 to $74.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Argus reiterated a "buy" rating and issued a $68.00 price target on shares of Corning in a research note on Wednesday, July 30th. UBS Group lifted their price target on shares of Corning from $57.00 to $65.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Citigroup lifted their price target on shares of Corning from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Oppenheimer reissued an "outperform" rating and issued a $72.00 target price (up from $55.00) on shares of Corning in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.17.

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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