New Hampshire Trust Has $375,000 Stock Position in Corning Incorporated $GLW

New Hampshire Trust raised its position in shares of Corning Incorporated (NYSE:GLW) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,128 shares of the electronics maker’s stock after purchasing an additional 462 shares during the period. New Hampshire Trust’s holdings in Corning were worth $375,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GLW. Amundi raised its position in Corning by 64.3% during the first quarter. Amundi now owns 6,408,605 shares of the electronics maker’s stock valued at $271,237,000 after purchasing an additional 2,507,797 shares in the last quarter. Nuveen LLC acquired a new position in Corning during the first quarter valued at approximately $104,789,000. Kingstone Capital Partners Texas LLC acquired a new position in Corning during the second quarter valued at approximately $92,560,000. Robeco Institutional Asset Management B.V. raised its position in Corning by 185.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,801,411 shares of the electronics maker’s stock valued at $94,736,000 after purchasing an additional 1,170,992 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Corning by 37.1% during the first quarter. Deutsche Bank AG now owns 3,835,799 shares of the electronics maker’s stock worth $175,603,000 after buying an additional 1,037,875 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Oppenheimer reiterated an “outperform” rating and set a $72.00 price target (up from $55.00) on shares of Corning in a report on Wednesday, July 30th. Mizuho upped their price target on shares of Corning from $74.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Barclays upped their price target on shares of Corning from $52.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Morgan Stanley upped their price target on shares of Corning from $56.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. Finally, Citigroup upped their price target on shares of Corning from $72.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Corning Stock Performance

Shares of Corning stock opened at $87.46 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $87.78. The stock has a market cap of $74.92 billion, a price-to-earnings ratio of 93.04, a P/E/G ratio of 1.95 and a beta of 1.14. The company’s fifty day moving average is $77.36 and its 200 day moving average is $60.22.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Corning had a net margin of 5.77% and a return on equity of 17.27%. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Sell-side analysts forecast that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, November 14th. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. Corning’s dividend payout ratio is presently 119.15%.

Insider Activity at Corning

In related news, SVP Michael Paul O’day sold 14,879 shares of the company’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $62.36, for a total transaction of $927,854.44. Following the sale, the senior vice president owned 35,743 shares in the company, valued at $2,228,933.48. This represents a 29.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jaymin Amin sold 17,721 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $77.18, for a total transaction of $1,367,706.78. Following the transaction, the senior vice president directly owned 88,722 shares in the company, valued at $6,847,563.96. This trade represents a 16.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 181,671 shares of company stock worth $11,816,899 over the last quarter. 0.40% of the stock is owned by company insiders.

Corning Company 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.