Orion Porfolio Solutions LLC Boosts Stock Holdings in Corning Incorporated $GLW

Orion Porfolio Solutions LLC raised its position in shares of Corning Incorporated (NYSE:GLW) by 28.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,809 shares of the electronics maker’s stock after acquiring an additional 24,904 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Corning were worth $5,880,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its stake in Corning by 3.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 5,296 shares of the electronics maker’s stock valued at $278,000 after purchasing an additional 158 shares during the last quarter. Groupe la Francaise grew its holdings in shares of Corning by 8.2% during the second quarter. Groupe la Francaise now owns 2,284 shares of the electronics maker’s stock worth $120,000 after buying an additional 173 shares in the last quarter. Empirical Finance LLC raised its position in shares of Corning by 0.7% in the second quarter. Empirical Finance LLC now owns 27,043 shares of the electronics maker’s stock valued at $1,422,000 after buying an additional 184 shares during the last quarter. Zions Bancorporation National Association UT lifted its stake in shares of Corning by 3.3% in the second quarter. Zions Bancorporation National Association UT now owns 5,746 shares of the electronics maker’s stock worth $302,000 after buying an additional 185 shares in the last quarter. Finally, Forte Capital LLC ADV boosted its position in Corning by 2.4% during the second quarter. Forte Capital LLC ADV now owns 7,973 shares of the electronics maker’s stock worth $419,000 after acquiring an additional 190 shares during the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Corning

In other 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 value of $9,017,000.00. Following the transaction, the insider directly owned 44,926 shares in the company, valued at approximately $4,050,977.42. This represents a 69.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Edward A. Schlesinger sold 20,893 shares of Corning stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $91.25, for a total transaction of $1,906,486.25. Following the completion of the sale, the chief financial officer owned 66,959 shares of the company’s stock, valued at $6,110,008.75. This trade represents a 23.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 156,135 shares of company stock valued at $14,088,769 over the last 90 days. Insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

GLW has been the topic of a number of research reports. Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Wall Street Zen downgraded Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. Citigroup boosted their price objective on Corning from $93.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Susquehanna raised their target price on Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. lifted 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. One equities 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’s stock. According to data from MarketBeat, Corning has a consensus rating of “Moderate Buy” and a consensus price target of $91.64.

Corning Price Performance

GLW stock opened at $86.43 on Wednesday. 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 stock has a market cap of $74.10 billion, a price-to-earnings ratio of 54.70, a price-to-earnings-growth ratio of 1.93 and a beta of 1.11. The business has a fifty day moving average of $85.88 and a two-hundred day moving average of $71.03.

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

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 14th were given a dividend of $0.28 per share. The ex-dividend date 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 currently 70.89%.

Corning Profile

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.