GAM Holding AG Invests $2.47 Million in Corning Incorporated $GLW

GAM Holding AG bought a new stake in shares of Corning Incorporated (NYSE:GLW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 30,047 shares of the electronics maker’s stock, valued at approximately $2,465,000.

Several other hedge funds also recently bought and sold shares of GLW. REAP Financial Group LLC raised its stake in Corning by 191.5% during the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 339 shares during the period. Total Investment Management Inc. bought a new stake in Corning during the second quarter worth approximately $28,000. Financial Management Professionals Inc. raised its holdings in Corning by 111.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after buying an additional 200 shares during the period. Resources Management Corp CT ADV lifted its holdings in shares of Corning by 66.7% in the 1st 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 last quarter. Finally, Banque Transatlantique SA bought a new stake in Corning in the first quarter worth about $34,000. Institutional investors own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GLW shares. Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a research note on Monday, December 29th. Wall Street Zen lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. UBS Group restated a “buy” rating and issued a $109.00 target price (up from $100.00) on shares of Corning in a research note on Friday, November 21st. Finally, Susquehanna raised their price target on Corning from $75.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $93.09.

Insider Activity at Corning

In other Corning news, SVP Stefan Becker sold 12,100 shares of Corning stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total transaction of $1,104,488.00. Following the completion of the sale, the senior vice president owned 5,049 shares of the company’s stock, valued at approximately $460,872.72. The trade was a 70.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Lewis A. Steverson sold 23,142 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $89.05, for a total value of $2,060,795.10. Following the completion of the sale, the executive vice president owned 17,575 shares in the company, valued at approximately $1,565,053.75. This represents a 56.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 156,135 shares of company stock valued at $14,088,769. Company insiders own 0.40% of the company’s stock.

Corning Trading Up 3.5%

NYSE:GLW opened at $90.62 on Friday. The stock has a market capitalization of $77.69 billion, a price-to-earnings ratio of 57.35, a PEG ratio of 1.65 and a beta of 1.13. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $96.64. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $86.60 and a 200 day moving average of $74.33.

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

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 14th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, November 14th. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. Corning’s dividend payout ratio is 70.89%.

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.