Convergence Investment Partners sells shares in Corning, while Y Intercept Hong Kong buys into the tech company.

Investment firm Convergence Investment Partners LLC adjusted its holdings in Corning Incorporated (NYSE:GLW), selling 3,214 shares but still owning 32,140 shares valued at about $1.47 million. Corning reported an EPS of $0.54, beating estimates by $0.03. The company has a market cap of $46.29 billion and a P/E ratio of 103.93. Another investor, Y Intercept Hong Kong Ltd, bought 48,139 shares, increasing institutional ownership to 69.80%. Corning operates in display technologies, optical communications, and other tech sectors.