Northwest Wealth Management LLC Invests $209,000 in Corning Incorporated $GLW

Key Points

• Northwest Wealth Management LLC has invested approximately $209,000 in Corning Incorporated by acquiring 3,982 shares during the second quarter.
• Corning reported an earnings per share (EPS) of $0.60 for the latest quarter, surpassing the consensus estimate, and has set its Q3 2025 EPS guidance between $0.630 and $0.670.
• Several analysts have raised their price targets on Corning's stock, with UBS Group increasing their target to $91.00 and Oppenheimer raising it to $72.00, reflecting positive sentiment towards the company's future performance.

Northwest Wealth Management LLC acquired a new stake in shares of Corning Incorporated (NYSE:GLW - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,982 shares of the electronics maker's stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Davis Investment Partners LLC acquired a new position in shares of Corning in the second quarter valued at approximately $251,000. Central Pacific Bank Trust Division increased its position in Corning by 23.6% in the 2nd quarter. Central Pacific Bank Trust Division now owns 72,982 shares of the electronics maker's stock valued at $3,838,000 after acquiring an additional 13,920 shares during the period. Strs Ohio bought a new position in shares of Corning during the first quarter valued at $27,219,000. Acadian Asset Management LLC lifted its holdings in shares of Corning by 4,346.5% during the first quarter. Acadian Asset Management LLC now owns 153,984 shares of the electronics maker's stock worth $7,048,000 after purchasing an additional 150,521 shares during the period. Finally, Intech Investment Management LLC lifted its holdings in shares of Corning by 507.6% during the first quarter. Intech Investment Management LLC now owns 211,124 shares of the electronics maker's stock worth $9,665,000 after purchasing an additional 176,379 shares during the period. Institutional investors own 69.80% of the company's stock.

Corning Trading Up 2.3%

Shares of GLW stock opened at $82.13 on Wednesday. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $82.21. 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 50 day simple moving average of $69.09 and a two-hundred day simple moving average of $55.23. The company has a market cap of $70.35 billion, a P/E ratio of 87.37, a PEG ratio of 1.79 and a beta of 1.09.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GLW. Oppenheimer restated an "outperform" rating and issued a $72.00 price objective (up from $55.00) on shares of Corning in a report on Wednesday, July 30th. UBS Group upped their price target on Corning from $84.00 to $91.00 and gave the company a "buy" rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. increased their price target on Corning from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Susquehanna restated a "positive" rating and set a $75.00 price objective (up from $60.00) on shares of Corning in a research report on Wednesday, July 30th. Finally, Morgan Stanley set a $56.00 target price on Corning and gave the company an "equal weight" rating in a report on Wednesday, July 30th. One research 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $70.08.

Insider Activity

In other Corning news, COO Avery H. Nelson III sold 36,240 shares of Corning stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $62.26, for a total transaction of $2,256,302.40. Following the completion of the transaction, the chief operating officer owned 64,838 shares in the company, valued at approximately $4,036,813.88. The trade was a 35.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lewis A. Steverson sold 16,646 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $62.22, for a total value of $1,035,714.12. Following the sale, the executive vice president directly owned 39,759 shares of the company's stock, 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 90 days, insiders have sold 181,671 shares of company stock valued at $11,816,899. 0.32% of the stock is currently 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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