Korea Investment Adds $14M in Corning Incorporated ($GLW)
Key Points
- Korea Investment changed its Corning Incorporated ($GLW) stake by 5.36% last quarter, boosting to 1,070,817 shares worth $284.26 million.
- Wall Street's consensus rating on $GLW is Strong Buy and an average price target of $191.40.
- $GLW last traded around $265.46.
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Korea Investment increased its position in Corning Incorporated ($GLW) by 5.36% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,070,817 shares of Corning Incorporated after buying 54,442 shares during the quarter. Korea Investment's holdings in Corning Incorporated were worth $284.26 million as of its most recent filing.
Corning Incorporated Stock Up 78.5%
Shares of Corning Incorporated ($GLW) traded around $265.46 on Saturday, up 78.5% for the day.
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About Corning Incorporated
Corning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. The company provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. It also offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. In addition, it manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for markets, such as mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Further, the company provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications, as well as technical glass and optic products and solutions for the interior and exterior of vehicles. Additionally, it offers laboratory products, including plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Falcon, PYREX, and Axygen brands. It also offers polysilicon products and pharmaceutical glass tubing and vials. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.
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