28,980 Shares in Corning Incorporated $GLW Acquired by Donoghue Forlines LLC

Donoghue Forlines LLC acquired a new stake in Corning Incorporated (NYSE:GLW) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 28,980 shares of the electronics maker’s stock, valued at approximately $2,377,000. Corning accounts for about 0.7% of Donoghue Forlines LLC’s portfolio, making the stock its 20th largest holding.

A number of other institutional investors also recently modified their holdings of GLW. Beacon Financial Advisory LLC bought a new position in shares of Corning in the 3rd quarter worth $264,000. Smithbridge Asset Management Inc. DE acquired a new position in Corning during the third quarter worth $287,000. Compass Ion Advisors LLC lifted its stake in shares of Corning by 14.3% in the third quarter. Compass Ion Advisors LLC now owns 5,455 shares of the electronics maker’s stock valued at $447,000 after buying an additional 683 shares in the last quarter. Aviance Capital Partners LLC lifted its stake in shares of Corning by 4.2% in the third quarter. Aviance Capital Partners LLC now owns 4,936 shares of the electronics maker’s stock valued at $405,000 after buying an additional 200 shares in the last quarter. Finally, Lmcg Investments LLC acquired a new position in shares of Corning during the third quarter valued at about $250,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GLW has been the subject of a number of analyst reports. Oppenheimer set a $100.00 price target on Corning and gave the company an “outperform” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. upped their price target on Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Citigroup increased their price target on Corning from $99.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Mizuho set a $97.00 price objective on shares of Corning in a report on Wednesday, October 29th. Finally, Barclays increased their target price on shares of Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. One investment 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 data from MarketBeat, Corning currently has an average rating of “Moderate Buy” and an average target price of $93.36.

Corning Stock Up 0.9%

Corning stock opened at $94.31 on Friday. The firm has a 50 day moving average price of $86.87 and a 200-day moving average price of $76.97. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $96.64. The company has a market capitalization of $80.86 billion, a P/E ratio of 59.69, a P/E/G ratio of 1.16 and a beta of 1.13.

Corning (NYSE:GLW) last posted its quarterly earnings data 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 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 quarter in the prior year, the business earned $0.54 earnings per share. Corning’s revenue for the quarter 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, equities analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Insider Transactions at Corning

In other news, insider Eric S. Musser sold 100,000 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the completion of the transaction, the insider owned 44,926 shares in the company, valued at approximately $4,050,977.42. This represents a 69.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 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 approximately $460,872.72. This trade represents a 70.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 156,135 shares of company stock worth $14,088,769 over the last quarter. 0.40% of the stock is currently owned by corporate insiders.

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.