Curat Global LLC Trims Stock Holdings in Corning Incorporated $GLW

Curat Global LLC lessened its stake in shares of Corning Incorporated (NYSE:GLW) by 84.9% in the third quarter, HoldingsChannel reports. The firm owned 2,100 shares of the electronics maker’s stock after selling 11,800 shares during the quarter. Curat Global LLC’s holdings in Corning were worth $167,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Corning by 1.6% in the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after buying an additional 1,582,895 shares during the last quarter. State Street Corp raised its holdings in Corning by 1.4% in the 2nd quarter. State Street Corp now owns 36,568,973 shares of the electronics maker’s stock valued at $1,923,162,000 after acquiring an additional 509,013 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Corning by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 19,443,525 shares of the electronics maker’s stock worth $1,018,629,000 after purchasing an additional 112,739 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Corning by 8.1% during the second quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock worth $724,432,000 after purchasing an additional 1,036,988 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Corning in the second quarter valued at $534,936,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Stock Performance

NYSE GLW opened at $94.31 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.00. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $96.64. The firm has a market capitalization of $80.86 billion, a P/E ratio of 59.69, a P/E/G ratio of 1.15 and a beta of 1.13. The business’s 50-day simple moving average is $86.87 and its 200-day simple moving average is $76.80.

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

Insider Buying and Selling at Corning

In related news, SVP Stefan Becker sold 12,100 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were 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 directly owned 5,049 shares of the company’s stock, valued at approximately $460,872.72. This represents a 70.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lewis A. Steverson sold 23,142 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 17,575 shares in the company, valued at $1,565,053.75. This trade represents a 56.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 156,135 shares of company stock worth $14,088,769. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on GLW shares. Citigroup increased their target price on Corning from $99.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. increased their price objective on shares of Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Argus boosted their target price on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Mizuho set a $97.00 price target on shares of Corning in a research note on Wednesday, October 29th. Finally, UBS Group reissued a “buy” rating and set a $109.00 price objective (up from $100.00) on shares of Corning in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Corning has an average rating of “Moderate Buy” and a consensus target price of $93.36.

Corning Profile

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.