Kera Capital Partners Inc. Raises Holdings in Corning Incorporated $GLW

Kera Capital Partners Inc. raised its stake in Corning Incorporated (NYSE:GLW) by 7.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,693 shares of the electronics maker’s stock after purchasing an additional 10,022 shares during the period. Corning accounts for approximately 1.9% of Kera Capital Partners Inc.’s investment portfolio, making the stock its 9th largest holding. Kera Capital Partners Inc.’s holdings in Corning were worth $12,361,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, CFO Edward A. Schlesinger sold 20,893 shares of Corning stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $91.25, for a total transaction 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 trade represents a 23.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lewis A. Steverson sold 23,142 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 17,575 shares in the company, valued at $1,565,053.75. The trade was a 56.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 156,135 shares of company stock worth $14,088,769 over the last ninety days. 0.32% of the stock is owned by corporate insiders.

Corning Trading Up 2.3%

Corning stock opened at $89.88 on Wednesday. The stock has a 50-day moving average price of $86.52 and a 200 day moving average price of $76.30. The company has a market capitalization of $77.06 billion, a price-to-earnings ratio of 56.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.13. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $96.64. 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 posted its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (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 company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period last year, the firm posted $0.54 EPS. Corning’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. Sell-side analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GLW. JPMorgan Chase & Co. raised their price objective on Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Susquehanna raised their price target on Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a report on Monday, December 29th. Citigroup increased their price objective on shares of Corning from $99.00 to $102.00 and gave the company a “buy” rating in a research report on Monday. Finally, Oppenheimer set a $100.00 target price on shares of Corning and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.36.

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.