Corning Incorporated $GLW is Wealth Advisors of Tampa Bay LLC’s 5th Largest Position

Wealth Advisors of Tampa Bay LLC lowered its position in Corning Incorporated (NYSE:GLW) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,595 shares of the electronics maker’s stock after selling 4,140 shares during the quarter. Corning makes up about 3.3% of Wealth Advisors of Tampa Bay LLC’s portfolio, making the stock its 5th biggest position. Wealth Advisors of Tampa Bay LLC’s holdings in Corning were worth $9,810,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GLW. Newbridge Financial Services Group Inc. raised its position in Corning by 1,104.1% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 17,688 shares of the electronics maker’s stock valued at $1,451,000 after purchasing an additional 16,219 shares in the last quarter. Pinnbrook Capital Management LP bought a new position in shares of Corning during the 3rd quarter worth $3,772,000. Perbak Capital Partners LLP grew its position in shares of Corning by 56.9% during the 3rd quarter. Perbak Capital Partners LLP now owns 6,917 shares of the electronics maker’s stock worth $567,000 after buying an additional 2,509 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Corning by 2.8% during the third quarter. Brown Brothers Harriman & Co. now owns 11,744 shares of the electronics maker’s stock valued at $963,000 after buying an additional 323 shares during the period. Finally, EHP Funds Inc. bought a new stake in shares of Corning in the third quarter valued at about $205,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Trading Down 0.5%

Corning stock opened at $129.19 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The stock has a market cap of $110.84 billion, a PE ratio of 70.21, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. The stock has a 50-day moving average of $117.74 and a two-hundred day moving average of $95.09. Corning Incorporated has a one year low of $37.31 and a one year high of $162.10.

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

Corning Announces Dividend

The business also recently declared 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 dividend yield of 0.9%. Corning’s dividend payout ratio (DPR) is currently 60.87%.

Insider Buying and Selling at Corning

In other news, CEO Wendell P. Weeks sold 137,514 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the sale, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric S. Musser sold 15,000 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $130.25, for a total value of $1,953,750.00. Following the completion of the transaction, the insider directly owned 4,926 shares in the company, valued at approximately $641,611.50. The trade was a 75.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 233,201 shares of company stock valued at $32,614,558. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on GLW. Wolfe Research set a $130.00 price objective on shares of Corning and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Oppenheimer set a $120.00 target price on shares of Corning in a research report on Thursday, January 29th. Morgan Stanley upped their price target on shares of Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, Weiss Ratings raised shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.75.

Key Stories Impacting Corning

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 Company 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.