Monte Financial Group LLC Sells 45,814 Shares of Corning Incorporated $GLW

Monte Financial Group LLC lowered its holdings in shares of Corning Incorporated (NYSE:GLW) by 36.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,626 shares of the electronics maker’s stock after selling 45,814 shares during the period. Corning makes up 2.4% of Monte Financial Group LLC’s investment portfolio, making the stock its 12th largest holding. Monte Financial Group LLC’s holdings in Corning were worth $6,450,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. CVA Family Office LLC increased its position in Corning by 10.3% during the 3rd quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock valued at $98,000 after buying an additional 111 shares in the last quarter. Vista Investment Partners LLC grew its stake in shares of Corning by 1.3% in the third quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock worth $779,000 after acquiring an additional 119 shares during the last quarter. Sapient Capital LLC increased its holdings in shares of Corning by 2.2% during the third quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock valued at $452,000 after acquiring an additional 120 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Corning by 1.6% in the 3rd quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock worth $635,000 after purchasing an additional 124 shares during the last quarter. Finally, Fiduciary Alliance LLC raised its position in shares of Corning by 0.7% in the 3rd quarter. Fiduciary Alliance LLC now owns 18,474 shares of the electronics maker’s stock worth $1,515,000 after purchasing an additional 137 shares during the last quarter. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on GLW shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a report on Monday, December 29th. Susquehanna boosted their price objective on shares of Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. Argus increased their target price on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Morgan Stanley boosted their price target on Corning from $82.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Finally, Barclays increased their price objective on Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.36.

Insider Buying and Selling at Corning

In other news, SVP Stefan Becker sold 12,100 shares of the business’s stock in a transaction on 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Edward A. Schlesinger sold 20,893 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $91.25, for a total value of $1,906,486.25. Following the completion of the transaction, the chief financial officer directly owned 66,959 shares in the company, valued at approximately $6,110,008.75. This represents a 23.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 156,135 shares of company stock worth $14,088,769. 0.32% of the stock is owned by insiders.

Corning Stock Down 1.0%

GLW stock opened at $93.37 on Monday. The company has a market cap of $80.05 billion, a price-to-earnings ratio of 59.09, a P/E/G ratio of 1.64 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.56. The business’s 50-day moving average is $87.63 and its two-hundred day moving average is $78.58. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $96.64.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. The firm 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%. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 EPS. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Company 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.