Venture Visionary Partners LLC Purchases 41,935 Shares of Corning Incorporated $GLW

Key Points

• Venture Visionary Partners LLC increased its stake in Corning Inc. by 146.7% during the second quarter, acquiring an additional 41,935 shares for a total of 70,526 shares, valued at approximately $3.7 million.
• Numerous hedge funds are actively adjusting their positions in Corning, with notable increases including Central Pacific Bank Trust Division's 23.6% growth and Acadian Asset Management's 4,346.5% increase.
• Corning reported earnings of $0.60 per share, exceeding expectations, and has set a guidance for Q3 2025 earnings in the range of $0.630 to $0.670 EPS.

Venture Visionary Partners LLC increased its position in shares of Corning Incorporated (NYSE:GLW - Free Report) by 146.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,526 shares of the electronics maker's stock after buying an additional 41,935 shares during the quarter. Venture Visionary Partners LLC's holdings in Corning were worth $3,709,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Davis Investment Partners LLC bought a new position in Corning in the second quarter valued at approximately $251,000. Central Pacific Bank Trust Division grew its stake in Corning by 23.6% in the second quarter. Central Pacific Bank Trust Division now owns 72,982 shares of the electronics maker's stock valued at $3,838,000 after purchasing an additional 13,920 shares in the last quarter. Strs Ohio bought a new position in Corning in the first quarter valued at approximately $27,219,000. Acadian Asset Management LLC grew its stake in Corning by 4,346.5% in the first quarter. Acadian Asset Management LLC now owns 153,984 shares of the electronics maker's stock valued at $7,048,000 after purchasing an additional 150,521 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in Corning by 507.6% in the first quarter. Intech Investment Management LLC now owns 211,124 shares of the electronics maker's stock valued at $9,665,000 after purchasing an additional 176,379 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Corning

In related news, SVP Michael Paul O'day sold 14,879 shares of Corning stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $62.36, for a total transaction of $927,854.44. Following the completion of the sale, the senior vice president directly owned 35,743 shares of the company's stock, valued at approximately $2,228,933.48. This trade represents a 29.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Lewis A. Steverson sold 16,646 shares of the stock in a transaction 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 in the company, valued at approximately $2,473,804.98. This trade represents a 29.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 181,671 shares of company stock worth $11,816,899 in the last 90 days. Company insiders own 0.32% of the company's stock.

Corning Stock Performance

NYSE:GLW opened at $80.26 on Tuesday. The stock has a market cap of $68.75 billion, a P/E ratio of 85.38, a PEG ratio of 1.77 and a beta of 1.09. The stock has a 50 day simple moving average of $68.53 and a 200 day simple moving average of $55.04. 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 1-year low of $37.31 and a 1-year high of $81.58.

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 for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $3.86 billion during the quarter, compared to analysts' expectations of $3.84 billion. Corning had a return on equity of 17.27% and a net margin of 5.77%.During the same period last year, the firm posted $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Research analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on GLW. JPMorgan Chase & Co. raised 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. Wolfe Research assumed coverage on Corning in a research note on Tuesday, July 8th. They set an "outperform" rating for the company. Susquehanna reiterated a "positive" rating and set a $75.00 target price (up from $60.00) on shares of Corning in a research note on Wednesday, July 30th. UBS Group lifted their target price on Corning from $84.00 to $91.00 and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. Finally, Citigroup lifted their target price on Corning from $72.00 to $93.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.