Candelo Capital Management LP Takes Position in Corning Incorporated $GLW

Candelo Capital Management LP bought a new position in shares of Corning Incorporated (NYSE:GLW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 58,989 shares of the electronics maker’s stock, valued at approximately $4,839,000. Corning makes up approximately 4.2% of Candelo Capital Management LP’s investment portfolio, making the stock its 11th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its position in Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after buying an additional 2,114 shares during the last quarter. Retirement Planning Co of New England Inc. purchased a new stake in shares of Corning during the first quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Corning by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after acquiring an additional 5,522 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Corning in the second quarter worth about $401,000. Finally, Schnieders Capital Management LLC. acquired a new position in shares of Corning in the second quarter worth about $266,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Stock Down 0.5%

GLW stock opened at $129.19 on Friday. 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 1-year low of $37.31 and a 1-year high of $162.10. The firm has a fifty day moving average price of $117.74 and a two-hundred day moving average price of $95.28. The firm has a market cap of $110.84 billion, a price-to-earnings ratio of 70.21, a PEG ratio of 2.22 and a beta of 1.05.

Corning (NYSE:GLW) last issued its 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 firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the company posted $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. Research analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.9%. Corning’s payout ratio is currently 60.87%.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. HSBC restated a “buy” rating and set a $135.00 price objective on shares of Corning in a research note on Friday, February 13th. Mizuho set a $145.00 target price on Corning in a research report on Monday, February 23rd. Wolfe Research set a $130.00 target price on Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Barclays set a $100.00 price target on shares of Corning in a research report on Thursday, January 29th. Finally, Morgan Stanley upped their price target on shares of Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $131.75.

Insider Buying and Selling at Corning

In other Corning news, CEO Wendell P. Weeks sold 137,514 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total value of $21,365,550.18. Following the sale, the chief executive officer directly owned 750,585 shares in the company, valued at approximately $116,618,391.45. This trade represents a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Li Fang sold 9,797 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total transaction of $1,112,057.47. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 233,201 shares of company stock worth $32,614,558. 0.40% of the stock is owned by company insiders.

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.