Ledyard National Bank Makes New Investment in Corning Incorporated $GLW

Ledyard National Bank acquired a new stake in shares of Corning Incorporated (NYSE:GLW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,580 shares of the electronics maker’s stock, valued at approximately $376,000.

Other institutional investors also recently bought and sold shares of the company. CVA Family Office LLC lifted its stake in shares of Corning by 10.3% during the third quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock worth $98,000 after buying an additional 111 shares during the period. Vista Investment Partners LLC grew its stake in Corning by 1.3% during the 3rd quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock valued at $779,000 after purchasing an additional 119 shares during the last quarter. Sapient Capital LLC increased its holdings in shares of Corning by 2.2% in the third quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock valued at $452,000 after purchasing an additional 120 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Corning by 1.6% in the third 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, Cornerstone Planning Group LLC lifted its holdings in shares of Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 124 shares during the period. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Stock Up 8.4%

Corning stock 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 capitalization of $104.86 billion, a PE ratio of 66.47, a price-to-earnings-growth ratio of 2.12 and a beta of 1.13. The business has a 50 day simple moving average of $92.96 and a 200-day simple moving average of $82.25. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $122.56.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. UBS Group reiterated a “buy” rating and set a $125.00 price objective on shares of Corning in a research note on Friday, January 30th. JPMorgan Chase & Co. raised their target price on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Finally, Susquehanna lifted their price target on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.36.

Insider Buying and Selling

In other Corning news, CFO Edward A. Schlesinger sold 21,104 shares of the business’s 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 directly owned 54,780 shares in the company, valued at approximately $5,727,249. The trade was a 27.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric S. Musser sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $110.00, for a total value of $2,750,000.00. Following the completion of the transaction, the insider owned 19,926 shares in the company, valued at approximately $2,191,860. This trade represents a 55.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 55,945 shares of company stock worth $6,072,986 in the last 90 days. Insiders own 0.40% of the company’s stock.

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.