Nisa Investment Advisors LLC Sells 15,513 Shares of Corning Incorporated $GLW

Nisa Investment Advisors LLC cut its position in shares of Corning Incorporated (NYSE:GLW) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 256,140 shares of the electronics maker’s stock after selling 15,513 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Corning were worth $21,011,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. REAP Financial Group LLC grew its holdings in shares of Corning by 191.5% during the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 339 shares in the last quarter. Total Investment Management Inc. bought a new position in Corning in the second quarter worth $28,000. Financial Management Professionals Inc. lifted its position in Corning by 111.1% in the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 200 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in Corning during the second quarter worth $36,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Corning in the 2nd quarter valued at $38,000. 69.80% of the stock is currently owned by institutional investors.

Corning Stock Performance

NYSE GLW opened at $85.23 on Friday. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $96.64. The company has a 50 day moving average of $86.42 and a 200-day moving average of $75.44. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. The firm has a market cap of $73.07 billion, a price-to-earnings ratio of 53.94, a PEG ratio of 1.56 and a beta of 1.13.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $4.24 billion. During the same period in the prior year, the company earned $0.54 EPS. 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. On average, equities analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GLW shares. JPMorgan Chase & Co. raised their price objective on shares of Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Argus raised their price target on shares of Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Morgan Stanley lifted their price objective on Corning from $82.00 to $98.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Susquehanna increased their target price on Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. Finally, Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. One research 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. According to MarketBeat, Corning has a consensus rating of “Moderate Buy” and an average price target of $93.09.

Insiders Place Their Bets

In other Corning news, insider Eric S. Musser sold 100,000 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the sale, the insider owned 44,926 shares of the company’s stock, valued at $4,050,977.42. This represents a 69.00% decrease in their position. The sale 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 the firm’s stock in a transaction dated 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 completion of the sale, the senior vice president owned 5,049 shares of the company’s stock, valued at $460,872.72. The trade was a 70.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 156,135 shares of company stock worth $14,088,769 over the last ninety days. Company insiders own 0.40% of the company’s stock.

Corning 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.