Mizuho Markets Americas LLC Acquires Shares of 191,000 Corning Incorporated $GLW

Mizuho Markets Americas LLC purchased a new stake in shares of Corning Incorporated (NYSE:GLW) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 191,000 shares of the electronics maker’s stock, valued at approximately $15,668,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Corning during the 2nd quarter valued at about $534,936,000. Voya Investment Management LLC boosted its position in shares of Corning by 748.0% in the 3rd quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock worth $260,014,000 after purchasing an additional 2,795,948 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Corning by 93.0% in the 2nd quarter. Raymond James Financial Inc. now owns 3,407,608 shares of the electronics maker’s stock worth $179,206,000 after buying an additional 1,641,558 shares during the last quarter. Vanguard Group Inc. increased its position in Corning by 1.6% during the 2nd 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 in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Corning by 125.8% during the third quarter. Assenagon Asset Management S.A. now owns 2,683,497 shares of the electronics maker’s stock valued at $220,127,000 after buying an additional 1,495,277 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insiders Place Their Bets

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 stock was sold at an average price of $90.17, for a total value of $9,017,000.00. Following the completion of the transaction, the insider directly owned 44,926 shares in the company, valued at $4,050,977.42. This represents a 69.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Stefan Becker sold 12,100 shares of the stock in a transaction that occurred 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 156,135 shares of company stock worth $14,088,769 over the last quarter. Company insiders own 0.40% of the company’s stock.

Corning Stock Up 0.9%

Shares of GLW stock opened at $94.31 on Monday. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $96.64. The company has a 50 day simple moving average of $86.87 and a two-hundred day simple moving average of $77.14. The stock has a market cap 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. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62.

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

Wall Street Analyst Weigh In

GLW has been the subject of several analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a report on Monday, December 29th. UBS Group reaffirmed a “buy” rating and issued a $109.00 target price (up from $100.00) on shares of Corning in a report on Friday, November 21st. Susquehanna upped their target price on shares of Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. Barclays raised their price target on shares of Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. upped their price objective on Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $93.36.

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.