Corning Incorporated (GLW), Entropic Communications, Inc. (ENTR), Diana Shipping Inc. (DSX): Here’s What This Winning Hedge Fund Company Has Bought and Sold

Finally, GMT Capital’s biggest closed positions included Life Technologies and Lazard. Other closed positions of interest include Corning Incorporated (NYSE:GLW). Corning Incorporated (NYSE:GLW)’s second quarter was solid, with core revenue and earnings rising by double digits. Its Gorilla Glass is selling well, and Corning Incorporated (NYSE:GLW)’s partnership with View and its tint-adjusting glass is promising. The company has doubled its dividend in less than three years, and it now yields 2.8%. Meanwhile, Corning Incorporated (NYSE:GLW) has been buying back billions of dollars’ worth of shares, which makes sense, as its stock is rather attractively priced, with a forward P/E near 10. Management recently touted the company’s solid balance sheet, strong operating cash flow, competitive strength, and growth prospects.

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing, and 13-F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What This Winning Hedge Fund Company Has Bought and Sold originally appeared on Fool.com and is written by Selena Maranjian.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, owns shares of Apple, Google, Corning, and priceline.com. The Motley Fool recommends Apple, Corning, Google, and priceline.com and owns shares of Apple, Corning, Google, Lazard, and priceline.com.

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