Massachusetts Financial Services Co. MA Has $321.90 Million Stock Position in Corning Incorporated $GLW

Massachusetts Financial Services Co. MA increased its position in shares of Corning Incorporated (NYSE:GLW) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,924,205 shares of the electronics maker’s stock after acquiring an additional 134,380 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.46% of Corning worth $321,903,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GLW. Vista Investment Partners LLC grew its position in Corning by 1.3% during the 3rd quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock worth $779,000 after purchasing an additional 119 shares in the last quarter. Sapient Capital LLC boosted its position in shares of Corning by 2.2% in the third quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock worth $452,000 after buying an additional 120 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Corning by 1.6% during the third quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock valued at $635,000 after buying an additional 124 shares in the last quarter. Fiduciary Alliance LLC grew its holdings in shares of Corning by 0.7% during the third quarter. Fiduciary Alliance LLC now owns 18,474 shares of the electronics maker’s stock valued at $1,515,000 after buying an additional 137 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in Corning by 0.5% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 30,658 shares of the electronics maker’s stock valued at $2,515,000 after buying an additional 138 shares during the period. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Stock Performance

Shares of GLW opened at $94.31 on Monday. The company’s fifty day moving average is $86.87 and its 200-day moving average is $77.14. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $96.64. The firm has a market cap of $80.86 billion, a price-to-earnings ratio of 59.69, a price-to-earnings-growth ratio of 1.16 and a beta of 1.13. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.62.

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

Insider Buying and Selling

In other news, SVP Stefan Becker sold 12,100 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was 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 in the company, valued at approximately $460,872.72. This represents a 70.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Eric S. Musser sold 100,000 shares of the firm’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 completion of the transaction, the insider directly owned 44,926 shares in the company, valued at $4,050,977.42. The trade was a 69.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 156,135 shares of company stock worth $14,088,769. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on GLW. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a research report on Monday, December 29th. UBS Group reissued a “buy” rating and issued a $109.00 price target (up from $100.00) on shares of Corning in a research report on Friday, November 21st. Mizuho set a $97.00 price target on shares of Corning in a report on Wednesday, October 29th. Susquehanna upped their price objective on shares of Corning from $75.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. Finally, Citigroup increased their target price on shares of Corning from $99.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.36.

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.