Corning Incorporated $GLW Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Corning Incorporated (NYSE:GLW) by 17.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,615,471 shares of the electronics maker’s stock after acquiring an additional 234,301 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Corning were worth $132,517,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Corning by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock worth $5,151,301,000 after purchasing an additional 1,582,895 shares during the period. State Street Corp lifted its holdings in shares of Corning by 1.4% during the second quarter. State Street Corp now owns 36,568,973 shares of the electronics maker’s stock worth $1,923,162,000 after purchasing an additional 509,013 shares during the period. Geode Capital Management LLC raised its position in Corning by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 19,443,525 shares of the electronics maker’s stock worth $1,018,629,000 after buying an additional 112,739 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Corning by 8.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock worth $724,432,000 after acquiring an additional 1,036,988 shares during the period. Finally, Norges Bank purchased a new position in Corning during the second quarter worth about $534,936,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Stock Up 8.4%

Shares of NYSE:GLW opened at $122.31 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $104.86 billion, a P/E ratio of 66.47, a P/E/G ratio of 1.95 and a beta of 1.13. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $122.56. The stock’s fifty day simple moving average is $92.96 and its 200-day simple moving average is $82.06.

Corning (NYSE:GLW) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, equities research analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Corning

In related news, CFO Edward A. Schlesinger sold 21,104 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Li Fang sold 9,797 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The SEC filing for this sale provides additional information. In the last three months, insiders sold 55,945 shares of company stock worth $6,072,986. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

GLW has been the subject of several recent analyst reports. Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Morgan Stanley upped their price target on shares of Corning from $98.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 29th. Mizuho boosted their target price on Corning from $97.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. UBS Group restated a “buy” rating and issued a $125.00 price target on shares of Corning in a research report on Friday, January 30th. Finally, Susquehanna lifted their price target on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.36.

About Corning

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.