Nisa Investment Advisors LLC Buys 483 Shares of Corning Incorporated $GLW

Nisa Investment Advisors LLC increased its stake in Corning Incorporated (NYSE:GLW) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,653 shares of the electronics maker’s stock after buying an additional 483 shares during the period. Nisa Investment Advisors LLC’s holdings in Corning were worth $14,286,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Davis Investment Partners LLC bought a new position in Corning in the second quarter worth about $251,000. Central Pacific Bank Trust Division raised its stake in Corning by 23.6% in the second quarter. Central Pacific Bank Trust Division now owns 72,982 shares of the electronics maker’s stock worth $3,838,000 after buying an additional 13,920 shares in the last quarter. Strs Ohio bought a new position in Corning in the first quarter worth about $27,219,000. Acadian Asset Management LLC raised its stake in Corning by 4,346.5% in the first quarter. Acadian Asset Management LLC now owns 153,984 shares of the electronics maker’s stock worth $7,048,000 after buying an additional 150,521 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Corning by 8.0% in the second quarter. Nordea Investment Management AB now owns 70,651 shares of the electronics maker’s stock worth $3,731,000 after buying an additional 5,227 shares in the last quarter. 69.80% of the stock is owned by institutional investors.

Insider Transactions at Corning

In related news, EVP Lewis A. Steverson sold 16,646 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $62.22, for a total value of $1,035,714.12. Following the sale, the executive vice president owned 39,759 shares in the company, valued at approximately $2,473,804.98. This trade represents a 29.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Wendell P. Weeks sold 82,103 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $65.19, for a total transaction of $5,352,294.57. Following the completion of the sale, the chief executive officer owned 809,295 shares in the company, valued at $52,757,941.05. This represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 181,671 shares of company stock valued at $11,816,899. Insiders own 0.32% of the company’s stock.

Corning Price Performance

Shares of GLW opened at $87.46 on Monday. The company has a market capitalization of $74.92 billion, a P/E ratio of 93.04, a price-to-earnings-growth ratio of 1.95 and a beta of 1.14. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $77.36 and a 200 day moving average of $60.33. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $87.78.

Corning (NYSE:GLW) last posted its quarterly earnings results 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. Corning had a return on equity of 17.27% and a net margin of 5.77%.The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter in the previous year, the business earned $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. As a group, equities research analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Susquehanna reaffirmed a “positive” rating and set a $75.00 target price (up previously from $60.00) on shares of Corning in a research note on Wednesday, July 30th. Oppenheimer reiterated an “outperform” rating and set a $72.00 target price (up from $55.00) on shares of Corning in a report on Wednesday, July 30th. Wolfe Research assumed coverage on shares of Corning in a report on Tuesday, July 8th. They set an “outperform” rating for the company. UBS Group lifted their target price on shares of Corning from $84.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Corning in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Corning has an average rating of “Moderate Buy” and an average target price of $73.00.

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.