Corning Incorporated $GLW Shares Sold by Waverly Advisors LLC

Waverly Advisors LLC cut its holdings in shares of Corning Incorporated (NYSE:GLW) by 11.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,870 shares of the electronics maker’s stock after selling 17,658 shares during the period. Waverly Advisors LLC’s holdings in Corning were worth $35,216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GLW. Security National Bank grew its position in Corning by 340.4% in the 4th quarter. Security National Bank now owns 72,523 shares of the electronics maker’s stock valued at $6,350,000 after buying an additional 56,056 shares in the last quarter. Herbst Group LLC acquired a new stake in shares of Corning in the 2nd quarter worth approximately $4,474,000. Principal Financial Group Inc. lifted its stake in shares of Corning by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker’s stock worth $121,483,000 after acquiring an additional 10,591 shares during the period. Wealthfront Advisers LLC boosted its holdings in shares of Corning by 36.2% in the first quarter. Wealthfront Advisers LLC now owns 92,425 shares of the electronics maker’s stock valued at $12,567,000 after acquiring an additional 24,589 shares in the last quarter. Finally, Atlas Wealth LLC boosted its holdings in shares of Corning by 137.8% in the first quarter. Atlas Wealth LLC now owns 12,076 shares of the electronics maker’s stock valued at $1,642,000 after acquiring an additional 6,998 shares in the last quarter. 69.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on GLW shares. Bank of America raised their target price on Corning from $223.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. lowered their price objective on shares of Corning from $200.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Oppenheimer dropped their target price on shares of Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. China Renaissance started coverage on shares of Corning in a report on Tuesday. They set a “buy” rating and a $238.00 target price for the company. Finally, Morgan Stanley decreased their price target on shares of Corning from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $178.64.

Insider Buying and Selling

In other Corning news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the transaction, the executive vice president owned 15,052 shares in the company, valued at $2,277,217.08. This trade represents a 46.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

Corning Stock Up 7.4%

NYSE GLW traded up $11.43 during trading on Tuesday, reaching $165.73. 13,795,394 shares of the company’s stock were exchanged, compared to its average volume of 12,601,415. The company’s fifty day simple moving average is $162.71 and its 200-day simple moving average is $165.56. Corning Incorporated has a fifty-two week low of $71.75 and a fifty-two week high of $271.78. The firm has a market capitalization of $142.76 billion, a PE ratio of 75.68, a P/E/G ratio of 1.98 and a beta of 1.16. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The business’s revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Sell-side analysts predict that Corning Incorporated will post 3.27 EPS for the current year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. Corning’s dividend payout ratio is presently 51.14%.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning and Verizon signed a supply agreement running from 2027 through 2032 covering more than 80 million miles of high-density optical fiber and related connectivity products. The contract improves long-term revenue visibility and is expected to support Verizon’s broadband expansion and network capacity for AI workloads. Verizon signs optical fiber deal with Corning to expand broadband, support AI growth
• Positive Sentiment: The Verizon agreement reinforces Corning’s broader optical-connectivity growth strategy, following other data-center and AI-related relationships. Investors are treating fiber and networking demand as a major growth engine for the company. Optical Stocks Surge as Corning Inks Multibillion-Dollar Supply Deal With Verizon
• Positive Sentiment: Corning’s news also lifted other AI-infrastructure stocks, highlighting strong investor momentum around optical networks. Separately, China Renaissance initiated coverage with a Buy rating and a $238 price target, implying substantial upside from recent trading levels. AI infrastructure stocks rally on deal announcements from Qualcomm, Corning
• Neutral Sentiment: Recent analyst targets have generally remained above the stock’s current level, with a reported median target of $215. However, Corning’s elevated valuation and sharp prior volatility mean investors may already be pricing in considerable AI and fiber growth.
• Negative Sentiment: Reported insider activity has consisted of six sales and no purchases over the past six months, including sales by senior executives. This may raise caution about near-term sentiment, although insider transactions do not necessarily indicate a change in the company’s fundamentals.

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.