Lansforsakringar Fondforvaltning AB publ elevated its holdings in Corning Integrated (NYSE:GLW – Free Report) by 4.9% throughout the third quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities and Alternate Fee. The institutional investor owned 261,749 shares of the electronics maker’s inventory after buying an extra 12,297 shares throughout the interval. Lansforsakringar Fondforvaltning AB publ’s holdings in Corning had been value $21,471,000 as of its most up-to-date SEC submitting.
Numerous different institutional buyers have additionally added to or lowered their stakes within the inventory. Strengthening Households & Communities LLC bought a brand new place in shares of Corning within the third quarter value $27,000. Cornerstone Planning Group LLC elevated its holdings in Corning by 58.5% within the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s inventory valued at $30,000 after buying an extra 124 shares over the last quarter. Monetary Administration Professionals Inc. lifted its stake in Corning by 111.1% within the third quarter. Monetary Administration Professionals Inc. now owns 380 shares of the electronics maker’s inventory value $31,000 after buying an extra 200 shares within the final quarter. RMG Wealth Administration LLC boosted its holdings in shares of Corning by 125.0% throughout the third quarter. RMG Wealth Administration LLC now owns 450 shares of the electronics maker’s inventory valued at $38,000 after buying an extra 250 shares over the last quarter. Lastly, Bayforest Capital Ltd bought a brand new place in shares of Corning throughout the third quarter valued at about $39,000. 69.80% of the inventory is owned by hedge funds and different institutional buyers.
Analyst Scores Adjustments
Numerous equities analysis analysts lately commented on the corporate. Barclays set a $100.00 goal value on Corning in a analysis report on Thursday, January twenty ninth. JPMorgan Chase & Co. upped their value goal on Corning from $100.00 to $115.00 and gave the inventory an “chubby” score in a report on Wednesday, January twenty eighth. Morgan Stanley elevated their goal value on Corning from $98.00 to $103.00 and gave the corporate an “equal weight” score in a analysis report on Thursday, January twenty ninth. Wolfe Analysis set a $130.00 value goal on shares of Corning and gave the inventory an “outperform” score in a analysis report on Tuesday, January twenty seventh. Lastly, HSBC reiterated a “purchase” score and set a $135.00 value goal on shares of Corning in a analysis report on Friday, February thirteenth. Eleven funding analysts have rated the inventory with a Purchase score and 4 have assigned a Maintain score to the corporate. In response to information from MarketBeat.com, Corning presently has a mean score of “Reasonable Purchase” and a consensus value goal of $117.17.
Verify Out Our Newest Evaluation on GLW
Trending Headlines about Corning
Listed here are the important thing information tales impacting Corning this week:
Constructive Sentiment: UBS raised its value goal on GLW to $160 and maintained a “purchase” score, giving analysts’ backing to additional upside and legitimizing latest positive aspects. UBS raises value goal to $160
Constructive Sentiment: A number of shops spotlight Corning as a beneficiary of the AI infrastructure buildout — demand for fiber, optical interconnects and glass substrate know-how is being re-priced into expectations for development. Corning’s Shock AI Increase
Constructive Sentiment: Zacks revealed a bit framing GLW as a robust development inventory based mostly on model scores and momentum, feeding retail and algorithmic curiosity. Zacks: Right here’s Why Corning (GLW) is a Sturdy Development Inventory
Impartial Sentiment: Protection and comparative items (e.g., Corning vs. Common Show) are driving analyst debate about show vs. optical winners — useful for narrative however not fast catalysts. Corning vs. Common Show
Impartial Sentiment: Benzinga and different shops notice elevated choices exercise in GLW, which may amplify intraday strikes however doesn’t change fundamentals. Choices buying and selling developments in Corning
Unfavorable Sentiment: Insiders offered roughly US$54M of Corning inventory, a sign some buyers interpret as warning and a reminder to observe insider exercise and timing round huge rallies. Corning Insiders Promote US$54m Of Inventory
Insider Exercise at Corning
In different information, insider Eric S. Musser offered 25,000 shares of the enterprise’s inventory in a transaction on Monday, February 2nd. The shares had been offered at a mean value of $110.00, for a complete transaction of $2,750,000.00. Following the completion of the sale, the insider immediately owned 19,926 shares of the corporate’s inventory, valued at roughly $2,191,860. The commerce was a 55.65% lower of their possession of the inventory. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which might be accessed by this hyperlink. Additionally, EVP Lewis A. Steverson offered 15,366 shares of the agency’s inventory in a transaction dated Tuesday, February tenth. The inventory was offered at a mean value of $130.22, for a complete transaction of $2,000,960.52. Following the completion of the transaction, the chief vice chairman immediately owned 3,461 shares within the firm, valued at $450,691.42. This represents a 81.62% lower of their place. The SEC submitting for this sale offers further info. Insiders have offered 95,687 shares of firm inventory value $11,249,008 during the last quarter. 0.32% of the inventory is owned by insiders.
Corning Worth Efficiency
GLW inventory opened at $139.53 on Monday. The inventory has a market cap of $119.71 billion, a PE ratio of 75.83, a P/E/G ratio of two.42 and a beta of 1.13. Corning Integrated has a 12 month low of $37.31 and a 12 month excessive of $140.27. The corporate has a 50-day transferring common value of $101.83 and a 200 day transferring common value of $87.48. The corporate has a present ratio of 1.59, a fast ratio of 1.04 and a debt-to-equity ratio of 0.62.
Corning (NYSE:GLW – Get Free Report) final posted its quarterly earnings information on Wednesday, January twenty eighth. The electronics maker reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The corporate had income of $4.41 billion for the quarter, in comparison with analyst estimates of $4.35 billion. Corning had a internet margin of 10.21% and a return on fairness of 18.72%. The agency’s income for the quarter was up 13.9% on a year-over-year foundation. Throughout the identical interval within the prior 12 months, the corporate posted $0.57 EPS. Corning has set its Q1 2026 steering at 0.660-0.700 EPS. Equities analysis analysts anticipate that Corning Integrated will publish 2.33 earnings per share for the present 12 months.
Corning Dividend Announcement
The agency additionally lately declared a quarterly dividend, which will probably be paid on Monday, March thirtieth. Traders of report on Friday, February twenty seventh will probably be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized foundation and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, February twenty seventh. Corning’s dividend payout ratio (DPR) is presently 60.87%.
About Corning
(Free Report)
Corning Integrated is a worldwide producer specializing in specialty glass, ceramics and associated supplies and applied sciences. Headquartered in Corning, New York, the corporate provides engineered supplies and parts used throughout a number of industries, together with shopper electronics, telecommunications, automotive emissions management, pharmaceutical and life sciences, and industrial and scientific functions. Corning emphasizes supplies science and precision manufacturing to develop sturdy, high-performance glass and ceramic merchandise.
Key product traces embrace specialty show glass utilized by tv and mobile-device producers, cowl glass marketed below well-known commerce names for smartphones and tablets, and optical fiber and cable and associated {hardware} for telecommunications networks.
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