Exchange Traded Concepts LLC Raises Stake in Corning Incorporated $GLW

Exchange Traded Concepts LLC grew its position in Corning Incorporated (NYSE:GLW) by 139.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,480 shares of the electronics maker’s stock after purchasing an additional 7,853 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Corning were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. REAP Financial Group LLC boosted its holdings in Corning by 191.5% in the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after buying an additional 339 shares during the period. Total Investment Management Inc. purchased a new position in shares of Corning in the second quarter valued at about $28,000. Banque Transatlantique SA purchased a new position in shares of Corning in the first quarter valued at about $34,000. Resources Management Corp CT ADV boosted its stake in shares of Corning by 66.7% in the first quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock worth $34,000 after acquiring an additional 300 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Corning during the second quarter worth about $36,000. 69.80% of the stock is currently owned by institutional investors.

Corning Trading Down 0.1%

GLW stock opened at $89.58 on Friday. The firm has a fifty day moving average price of $86.31 and a 200 day moving average price of $72.99. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $96.64. The firm has a market cap of $76.80 billion, a PE ratio of 56.69, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.56.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Corning had a net margin of 9.16% and a return on equity of 18.12%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Corning’s revenue was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Sell-side analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 14th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.3%. Corning’s dividend payout ratio (DPR) is presently 70.89%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GLW. Mizuho set a $97.00 price target on Corning in a report on Wednesday, October 29th. Barclays boosted their target price on shares of Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. JPMorgan Chase & Co. lifted their price target on shares of Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, Susquehanna boosted their price target on shares of Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.09.

Insider Buying and Selling

In other news, SVP Stefan Becker sold 12,100 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total value of $1,104,488.00. Following the completion of the sale, the senior vice president directly owned 5,049 shares of the company’s stock, valued at $460,872.72. This trade represents a 70.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eric S. Musser sold 100,000 shares of Corning stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $90.17, for a total value of $9,017,000.00. Following the completion of the transaction, the insider owned 44,926 shares of the company’s stock, valued at approximately $4,050,977.42. This trade represents a 69.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 156,135 shares of company stock worth $14,088,769. Insiders own 0.40% of the company’s stock.

About Corning

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.