Thrivent Financial for Lutherans Increases Position in Corning Incorporated $GLW

Thrivent Financial for Lutherans increased its holdings in Corning Incorporated (NYSE:GLW) by 19.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,839 shares of the electronics maker’s stock after acquiring an additional 12,271 shares during the period. Thrivent Financial for Lutherans’ holdings in Corning were worth $6,057,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GLW. Brighton Jones LLC grew its stake in Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after purchasing an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. purchased a new position in shares of Corning in the 1st quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Corning by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock valued at $2,962,000 after buying an additional 5,522 shares during the period. Sivia Capital Partners LLC purchased a new stake in Corning during the second quarter worth about $401,000. Finally, Ameritas Advisory Services LLC bought a new stake in Corning in the second quarter worth about $127,000. 69.80% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Li Fang sold 9,797 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total transaction of $1,112,057.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the completion of the sale, the chief financial officer owned 54,780 shares in the company, valued at $5,727,249. This represents a 27.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 55,945 shares of company stock worth $6,072,986. 0.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on GLW. Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Susquehanna increased their price objective on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Barclays set a $100.00 target price on Corning in a research note on Thursday, January 29th. Fox Advisors downgraded Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. Finally, UBS Group reissued a “buy” rating and issued a $125.00 price objective on shares of Corning in a report on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.36.

Corning Price Performance

Corning stock opened at $122.31 on Friday. The firm has a market capitalization of $104.86 billion, a P/E ratio of 66.47, a PEG ratio of 1.95 and a beta of 1.13. Corning Incorporated has a one year low of $37.31 and a one year high of $122.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The business has a fifty day moving average price of $92.96 and a 200-day moving average price of $82.06.

Corning (NYSE:GLW) last issued its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 EPS 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.