Corning Incorporated $GLW Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC lowered its stake in Corning Incorporated (NYSE:GLW) by 5.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,002 shares of the electronics maker’s stock after selling 5,195 shares during the quarter. NewEdge Wealth LLC’s holdings in Corning were worth $7,926,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLW. Brighton Jones LLC raised its stake in shares of Corning by 46.0% during the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after purchasing an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. purchased a new position in shares of Corning in the first quarter valued at $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Corning by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock valued at $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Corning during the 2nd quarter worth $401,000. Finally, Stephens Inc. AR lifted its holdings in Corning by 4.6% in the 2nd quarter. Stephens Inc. AR now owns 17,399 shares of the electronics maker’s stock worth $915,000 after buying an additional 768 shares in the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GLW has been the subject of several recent analyst reports. UBS Group restated a “buy” rating and set a $125.00 target price on shares of Corning in a research note on Friday, January 30th. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Barclays set a $100.00 price objective on Corning in a report on Thursday, January 29th. JPMorgan Chase & Co. increased their target price on Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Finally, Citigroup raised their price target on shares of Corning from $102.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.25.

Insider Buying and Selling

In other news, CFO Edward A. Schlesinger sold 21,104 shares of the company’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 transaction, the chief financial officer directly owned 54,780 shares of the company’s stock, valued at approximately $5,727,249. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lewis A. Steverson sold 15,366 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total value of $2,000,960.52. Following the completion of the sale, the executive vice president directly owned 3,461 shares in the company, valued at approximately $450,691.42. This trade represents a 81.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,687 shares of company stock valued at $11,249,008 over the last 90 days. 0.40% of the stock is owned by corporate insiders.

Corning Stock Performance

Shares of GLW opened at $129.95 on Friday. The stock has a market capitalization of $111.49 billion, a PE ratio of 70.62, a price-to-earnings-growth ratio of 2.29 and a beta of 1.13. The business’s fifty day moving average price is $100.80 and its 200 day moving average price is $86.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $136.82.

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

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.9%. Corning’s dividend payout ratio (DPR) is currently 60.87%.

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.