Kingdon Capital Management L.L.C. Buys New Holdings in Corning Incorporated $GLW

Kingdon Capital Management L.L.C. purchased a new position in shares of Corning Incorporated (NYSE:GLW) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 80,000 shares of the electronics maker’s stock, valued at approximately $6,562,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Corning in the third quarter worth approximately $25,000. Strengthening Families & Communities LLC bought a new stake in Corning during the 3rd quarter valued at $27,000. Total Investment Management Inc. bought a new stake in Corning during the 2nd quarter valued at $28,000. Cornerstone Planning Group LLC boosted its position in Corning by 58.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after buying an additional 124 shares during the period. Finally, Financial Management Professionals Inc. grew its holdings in Corning by 111.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

Insider Buying and Selling

In other Corning news, SVP Li Fang sold 9,797 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric S. Musser sold 25,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $110.00, for a total value of $2,750,000.00. Following the transaction, the insider directly owned 19,926 shares of the company’s stock, valued at $2,191,860. This represents a 55.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 233,201 shares of company stock worth $32,614,558 over the last quarter. Company insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wolfe Research set a $130.00 price objective on shares of Corning and gave the company an “outperform” rating in a research report on Tuesday, January 27th. Barclays set a $100.00 target price on Corning in a research note on Thursday, January 29th. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Finally, Susquehanna lifted their price objective on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Corning presently has a consensus rating of “Moderate Buy” and an average price target of $131.75.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Bank of America raised its price target to $144 and reiterated a “buy” rating, citing a potential ~$10.3B scale-out revenue opportunity that could drive meaningful upside. BofA price target raise
• Positive Sentiment: Corning expanded its AI data-center connectivity portfolio by licensing PRIZM TMT ferrule technology from US Conec, improving high-density optical connectivity for AI/GenAI networks — a direct catalyst for optical revenue growth. Zacks: Corning expands AI data center portfolio
• Positive Sentiment: Coverage consensus is supportive: analysts on aggregate have a “moderate buy” recommendation, which can sustain investor demand and limit downside. Analyst consensus: Moderate Buy
• Positive Sentiment: Zacks highlighted GLW as a top-ranked growth stock under its style scores, reinforcing the growth narrative for momentum investors. Zacks: Top-ranked growth stock
• Positive Sentiment: Market coverage notes strong GenAI-driven demand for optical communications, supporting near-term revenue momentum in Corning’s Optical Communications segment. Yahoo: GenAI-driven optical demand
• Neutral Sentiment: Some outlets present mixed analyst views and valuation questions despite recent gains; these pieces underscore investor caution around stretched multiples after a large run-up. Globe and Mail: Mixed analyst opinions
• Neutral Sentiment: An investor-focused article lists two bullish reasons and one skepticism point — useful for watchlist investors but highlights the need to weigh growth vs. valuation. Yahoo: 2 reasons to like, 1 to be skeptical

Corning Trading Down 0.5%

NYSE:GLW opened at $129.19 on Monday. The company has a 50-day moving average price of $117.74 and a 200-day moving average price of $95.48. The stock has a market cap of $110.84 billion, a price-to-earnings ratio of 70.21, a P/E/G ratio of 2.04 and a beta of 1.04. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $162.10.

Corning (NYSE:GLW) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. Corning’s revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.9%. Corning’s dividend payout ratio 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.