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

Mizuho Markets Americas LLC acquired a new position in shares of Corning Incorporated (NYSE:GLW) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 191,000 shares of the electronics maker’s stock, valued at approximately $15,668,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GLW. REAP Financial Group LLC raised its stake in Corning by 191.5% during the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 339 shares in the last quarter. Total Investment Management Inc. bought a new stake in shares of Corning in the 2nd quarter worth about $28,000. Financial Management Professionals Inc. raised its position in shares of Corning by 111.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after buying an additional 200 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Corning during the 2nd quarter valued at about $36,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Corning in the 2nd quarter valued at about $38,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Stock Up 0.9%

NYSE:GLW opened at $94.31 on Monday. The company 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. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $96.64. 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 stock has a fifty day simple moving average of $86.87 and a 200-day simple moving average of $77.14.

Corning (NYSE:GLW) last issued its 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 net margin of 9.16% and a return on equity of 18.12%. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the prior year, the firm earned $0.54 EPS. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GLW shares. 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. Citigroup increased their price target on Corning from $99.00 to $102.00 and gave the company a “buy” rating in a report on Monday, January 12th. Argus lifted their price objective 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. Susquehanna increased their target price 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, Morgan Stanley lifted their price target on shares of Corning from $82.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Corning has a consensus rating of “Moderate Buy” and an average target price of $93.36.

Insider Transactions at Corning

In other news, EVP Lewis A. Steverson sold 23,142 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $89.05, for a total transaction of $2,060,795.10. Following the transaction, the executive vice president owned 17,575 shares of the company’s stock, valued at approximately $1,565,053.75. This represents a 56.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric S. Musser sold 100,000 shares of Corning stock in a transaction dated 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 sale, the insider owned 44,926 shares of the company’s stock, valued at $4,050,977.42. The trade was a 69.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 156,135 shares of company stock valued at $14,088,769. 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.