MONECO Advisors LLC Makes New $338,000 Investment in Corning Incorporated $GLW

MONECO Advisors LLC acquired a new stake in Corning Incorporated (NYSE:GLW) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,120 shares of the electronics maker’s stock, valued at approximately $338,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Strengthening Families & Communities LLC acquired a new stake in shares of Corning in the 3rd quarter valued at $27,000. Cornerstone Planning Group LLC increased its holdings in Corning by 58.5% in the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after buying an additional 124 shares during the last quarter. Financial Management Professionals Inc. raised 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 buying an additional 200 shares in the last quarter. RMG Wealth Management LLC raised its stake in Corning by 125.0% in the third quarter. RMG Wealth Management LLC now owns 450 shares of the electronics maker’s stock valued at $38,000 after buying an additional 250 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in Corning during the 3rd quarter worth about $39,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning Stock Up 8.4%

Shares of NYSE:GLW opened at $122.31 on Friday. 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 stock has a market cap of $104.86 billion, a P/E ratio of 66.47, a P/E/G ratio of 2.12 and a beta of 1.13. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $122.56. The firm has a fifty day moving average price of $92.96 and a 200 day moving average price of $82.25.

Corning (NYSE:GLW) last announced its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $4.41 billion during 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 business’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Sell-side analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Insider Activity

In other Corning news, SVP Li Fang sold 9,797 shares of the company’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Edward A. Schlesinger sold 21,104 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $5,727,249. This trade represents a 27.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 55,945 shares of company stock valued at $6,072,986. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GLW shares. Weiss Ratings lowered Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 27th. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Barclays set a $100.00 target price on shares of Corning in a research report on Thursday, January 29th. Finally, Fox Advisors cut shares of Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Corning has an average rating of “Moderate Buy” and a consensus target price 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.