Figure 8 Investment Strategies LLC Sells 8,767 Shares of Corning Incorporated $GLW

Figure 8 Investment Strategies LLC lessened its stake in Corning Incorporated (NYSE:GLW) by 19.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 35,393 shares of the electronics maker’s stock after selling 8,767 shares during the quarter. Corning makes up 2.6% of Figure 8 Investment Strategies LLC’s holdings, making the stock its 12th largest holding. Figure 8 Investment Strategies LLC’s holdings in Corning were worth $2,903,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GLW. REAP Financial Group LLC increased 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 in the last quarter. Total Investment Management Inc. purchased a new stake in shares of Corning during the second quarter valued at approximately $28,000. Financial Management Professionals Inc. grew its holdings in shares of Corning by 111.1% during the third 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 last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Corning during the second quarter valued at approximately $36,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Corning in the 2nd quarter worth approximately $38,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Corning

In other Corning news, insider Eric S. Musser sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the completion of the sale, the insider directly owned 44,926 shares of the company’s stock, valued at approximately $4,050,977.42. This represents a 69.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Edward A. Schlesinger sold 20,893 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $91.25, for a total transaction of $1,906,486.25. Following the completion of the transaction, the chief financial officer owned 66,959 shares in the company, valued at $6,110,008.75. The trade was a 23.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 156,135 shares of company stock worth $14,088,769 over the last quarter. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on GLW. UBS Group reaffirmed a “buy” rating and issued a $109.00 price objective (up from $100.00) on shares of Corning in a research report on Friday, November 21st. Susquehanna upped their price target on Corning from $75.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Barclays increased their price objective on Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Argus lifted their price objective on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Oppenheimer set a $100.00 target price on shares of Corning and gave the company an “outperform” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.36.

Corning Stock Performance

Shares of GLW opened at $94.31 on Friday. The firm has a market capitalization of $80.86 billion, a P/E ratio of 59.69, a PEG ratio of 1.15 and a beta of 1.13. 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 one year low of $37.31 and a one year high of $96.64. The business has a fifty day moving average of $86.87 and a 200 day moving average of $76.80.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.24 billion. Corning had a return on equity of 18.12% and a net margin of 9.16%.Corning’s revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. 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 EPS for the current year.

Corning Company 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.