Investors Asset Management of Georgia Inc. GA ADV Makes New $261,000 Investment in Corning Incorporated $GLW

Key Points

• Investors Asset Management of Georgia has made a new investment of $261,000 in Corning Incorporated, purchasing 4,958 shares during the second quarter, as noted in a 13F filing with the SEC.
• Several institutional investors significantly increased their stakes in Corning, with Amundi raising its ownership by 64.3% and Robeco Institutional Asset Management increasing theirs by 185.7%.
• Corning's stock has received mixed analyst ratings, with Oppenheimer maintaining an "outperform" rating and setting a new target price of $72.00, while Wall Street Zen downgraded its rating from "strong-buy" to "hold."

Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Corning Incorporated (NYSE:GLW - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,958 shares of the electronics maker's stock, valued at approximately $261,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Amundi increased its stake in Corning by 64.3% during the first quarter. Amundi now owns 6,408,605 shares of the electronics maker's stock worth $271,237,000 after purchasing an additional 2,507,797 shares during the period. Nuveen LLC acquired a new position in shares of Corning in the first quarter valued at approximately $104,789,000. Kingstone Capital Partners Texas LLC purchased a new stake in Corning during the 2nd quarter worth approximately $92,560,000. Assenagon Asset Management S.A. increased its stake in Corning by 101.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,951,938 shares of the electronics maker's stock worth $135,140,000 after buying an additional 1,483,151 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Corning by 185.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,801,411 shares of the electronics maker's stock worth $94,736,000 after buying an additional 1,170,992 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company's stock.

Analyst Upgrades and Downgrades

GLW has been the subject of several research reports. Wall Street Zen downgraded shares of Corning from a "strong-buy" rating to a "hold" rating in a research note on Saturday, September 13th. Oppenheimer reissued an "outperform" rating and set a $72.00 target price (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 target (up previously from $60.00) on shares of Corning in a report on Wednesday, July 30th. UBS Group lifted their price objective on Corning from $84.00 to $91.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Corning in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.42.

Corning Trading Up 1.3%

NYSE:GLW opened at $83.60 on Monday. The stock has a 50-day simple moving average of $70.74 and a 200-day simple moving average of $56.02. The stock has a market cap of $71.62 billion, a P/E ratio of 88.94, a P/E/G ratio of 1.86 and a beta of 1.14. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $84.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.50.

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

Insider Buying and Selling at Corning

In other news, SVP Michael Paul O'day sold 14,879 shares of the company's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $62.36, for a total value of $927,854.44. Following the completion of the transaction, the senior vice president owned 35,743 shares in the company, valued at approximately $2,228,933.48. This represents a 29.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Lewis A. Steverson sold 16,646 shares of Corning stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $62.22, for a total transaction of $1,035,714.12. Following the sale, the executive vice president owned 39,759 shares in the company, valued at $2,473,804.98. This represents a 29.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 181,671 shares of company stock worth $11,816,899. 0.32% of the stock is owned by 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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