Corning Incorporated $GLW Shares Sold by Generali Investments Management Co LLC

Generali Investments Management Co LLC lessened its position in shares of Corning Incorporated (NYSE:GLW) by 56.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,555 shares of the electronics maker’s stock after selling 36,050 shares during the quarter. Generali Investments Management Co LLC’s holdings in Corning were worth $2,260,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GLW. Vanguard Group Inc. raised its position in Corning by 0.8% in the third quarter. Vanguard Group Inc. now owns 98,702,639 shares of the electronics maker’s stock valued at $8,096,577,000 after purchasing an additional 750,530 shares during the period. State Street Corp increased its position in shares of Corning by 1.4% during the 2nd quarter. State Street Corp now owns 36,568,973 shares of the electronics maker’s stock worth $1,923,162,000 after purchasing an additional 509,013 shares during the last quarter. Geode Capital Management LLC raised its holdings in Corning by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 19,443,525 shares of the electronics maker’s stock valued at $1,018,629,000 after buying an additional 112,739 shares during the period. Ameriprise Financial Inc. raised its holdings in Corning by 8.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock valued at $724,432,000 after buying an additional 1,036,988 shares during the period. Finally, Norges Bank acquired a new position in Corning in the second quarter valued at about $534,936,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Citigroup raised its price target to $170 and put a Buy rating on GLW, signaling continued analyst confidence and providing upside vs. prior targets. Read More.
• Positive Sentiment: Multiple broker upgrades lifted the stock into fresh highs and drew buying interest — coverage notes that Corning’s end-market exposure (optical, data center glass) underpins long-term earnings upside. Read More.
• Positive Sentiment: Sell-side momentum translated into intraday strength earlier in the week (shares traded ~4% higher after an upgrade), fueling the recent rally. Read More.
• Positive Sentiment: Feature pieces argue Corning’s 200% rally is supported by structural demand (fiber buildouts, AI/data center glass) and improving fundamentals — these narratives help justify a richer multiple to some investors. Read More. Read More.
• Neutral Sentiment: Secondary reporting (Benzinga) reiterated the Citi price-target lift and Buy call, reinforcing the market narrative but not adding new fundamental data. Read More.
• Negative Sentiment: Despite bullish coverage, valuation is stretched (elevated P/E and recent run to near-record levels) which can trigger profit-taking and larger intraday swings; that appears to be the proximate cause of today’s pullback. Read More.

Corning Price Performance

Shares of GLW opened at $150.29 on Friday. The company has a market cap of $128.94 billion, a P/E ratio of 81.68, a PEG ratio of 2.77 and a beta of 1.13. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $162.10. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average price is $107.02 and its 200 day moving average price is $89.58.

Corning (NYSE:GLW) last posted 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. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The company’s quarterly 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. On average, research analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. Corning’s payout ratio is currently 60.87%.

Analyst Ratings Changes

A number of brokerages have weighed in on GLW. Fox Advisors cut shares of Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. HSBC reaffirmed a “buy” rating and set a $135.00 price objective on shares of Corning in a research report on Friday, February 13th. Susquehanna boosted their target price on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. Morgan Stanley upped their price target on Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Citigroup raised their price target on Corning from $120.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.42.

Insider Activity at Corning

In other Corning news, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Li Fang sold 9,797 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total value of $1,112,057.47. The SEC filing for this sale provides additional information. Insiders have sold a total of 95,687 shares of company stock worth $11,249,008 over the last ninety days. 0.40% of the stock is currently owned by insiders.

Corning Profile

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.