Trivium Point Advisory LLC Takes $210,000 Position in Corning Incorporated $GLW

Key Points

• Trivium Point Advisory LLC acquired a new position in Corning Incorporated, purchasing 3,984 shares for approximately $210,000.
• Insider trades revealed significant sales, with SVP Jaymin Amin selling 17,721 shares, reducing his ownership by 16.65%, and EVP Lewis A. Steverson selling 16,646 shares, decreasing his stake by 29.51%.
• Corning's Q2 earnings exceeded estimates, reporting $0.60 EPS against a forecast of $0.57, and the company has set its Q3 2025 guidance at 0.630-0.670 EPS.

Trivium Point Advisory LLC purchased a new stake in shares of Corning Incorporated (NYSE:GLW - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,984 shares of the electronics maker's stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Investment Management Corp VA ADV raised its stake 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 valued at $34,000 after acquiring an additional 463 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake 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 valued at $34,000 after acquiring an additional 353 shares in the last quarter. Banque Transatlantique SA purchased a new position in Corning during the first quarter valued at approximately $34,000. Resources Management Corp CT ADV increased its holdings in Corning by 66.7% during the first 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 during the period. Finally, Gen Wealth Partners Inc increased its holdings in Corning by 151.7% during the first 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 during the period. Institutional investors own 69.80% of the company's stock.

Insider Buying and Selling at Corning

In other news, SVP Jaymin Amin sold 17,721 shares of Corning stock in a transaction on 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 completion of the sale, the senior vice president directly owned 88,722 shares in the company, valued at approximately $6,847,563.96. The trade was a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 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. In the last ninety days, insiders sold 181,671 shares of company stock valued at $11,816,899. Company insiders own 0.40% of the company's stock.

Corning Price Performance

NYSE GLW opened at $83.10 on Thursday. The firm's fifty day simple moving average is $69.64 and its two-hundred day simple moving average is $55.42. The company has a current ratio of 1.50, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $83.75. The firm has a market capitalization of $71.18 billion, a P/E ratio of 88.40, a P/E/G ratio of 1.83 and a beta of 1.14.

Corning (NYSE:GLW - Get Free Report) last released its quarterly 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. Corning had a net margin of 5.77% and a return on equity of 17.27%. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same period in the previous year, the company earned $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Corning in a report on Tuesday, July 8th. They set an "outperform" rating on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Corning from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Citigroup lifted their price objective on shares of Corning from $72.00 to $93.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. Argus reissued a "buy" rating and set a $68.00 price objective on shares of Corning in a report on Wednesday, July 30th. Finally, Morgan Stanley set a $56.00 price objective on shares of 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 assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Corning currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.08.

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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