Monte Financial Group LLC Sells 12,880 Shares of Corning Incorporated $GLW

Monte Financial Group LLC cut its stake in shares of Corning Incorporated (NYSE:GLW) by 16.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,746 shares of the electronics maker’s stock after selling 12,880 shares during the quarter. Corning makes up 2.1% of Monte Financial Group LLC’s portfolio, making the stock its 19th largest holding. Monte Financial Group LLC’s holdings in Corning were worth $5,757,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLW. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Corning during the third quarter valued at $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of Corning in the third quarter valued at $27,000. Total Investment Management Inc. acquired a new stake in shares of Corning in the second quarter valued at $28,000. Cornerstone Planning Group LLC increased its stake in shares of Corning by 58.5% in the third 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 in the last quarter. Finally, Financial Management Professionals Inc. increased its stake in shares of Corning by 111.1% in the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after buying an additional 200 shares in the last quarter. 69.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GLW shares. HSBC restated a “buy” rating and issued a $135.00 target price on shares of Corning in a research note on Friday, February 13th. Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. UBS Group raised their target price on Corning from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Bank of America raised their target price on Corning from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Finally, Truist Financial started coverage on Corning in a research note on Tuesday, March 31st. They issued a “hold” rating and a $125.00 target price for the company. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.08.

Insider Transactions at Corning

In other news, COO Avery H. Nelson III sold 1,583 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total transaction of $203,795.42. Following the completion of the transaction, the chief operating officer directly owned 59,788 shares in the company, valued at approximately $7,697,107.12. The trade was a 2.58% decrease in their position. The transaction 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 business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $130.25, for a total value of $1,953,750.00. Following the transaction, the insider owned 4,926 shares of the company’s stock, valued at $641,611.50. The trade was a 75.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 233,201 shares of company stock valued at $32,614,558. 0.40% of the stock is currently owned by insiders.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Q4 results and peer comparison show modest beats on EPS and revenue and improving margins, underpinning the stock’s momentum. Q4 earnings highlights
• Positive Sentiment: UBS has reiterated its bullish stance (attending OFC, meeting fiber players) and keeps a constructive thesis tied to optical/fiber demand and a $171 price target. Here’s What UBS Has to Say About ​Corning Incorporated (GLW)
• Positive Sentiment: Zacks upgraded GLW to a Rank #2 (Buy), reflecting rising optimism on earnings prospects—this upgrade can attract momentum investors and funds tracking Zacks signals. Corning (GLW) Upgraded to Buy: Here’s What You Should Know
• Positive Sentiment: Unusual options activity showed elevated call buying (about 33,951 calls), signaling speculative bullish positioning that can amplify intraday moves.
• Positive Sentiment: Coverage of Corning’s healthcare and bioprocessing products highlights additional growth avenues beyond displays and fiber, supporting a longer-term diversification story. Can Corning’s Enhanced Healthcare Portfolio Boost Its Shares?
• Neutral Sentiment: Seeking Alpha notes Corning’s Springboard restructuring is on track but flags valuation and recommends a hold—useful context for longer-term investors rather than an immediate catalyst. Corning: Springboard Plan On Track, Valuations Not
• Negative Sentiment: Several pieces question whether recent double- and triple-digit gains have left GLW overvalued or “too late” to buy, highlighting the risk of a pullback if fundamentals don’t keep pace with the rally. Is Corning (GLW) Now Overvalued After Its Strong Recent Share Price Momentum
• Negative Sentiment: Additional valuation-focused articles ask whether current prices already price in significant upside, reminding investors to weigh stretched multiples and high P/E relative to historical norms. Is It Too Late To Consider Corning (GLW) After Its Strong Share Price Rally?
• Neutral Sentiment: Multiple outlets republished UBS commentary and upgrade coverage—these amplify the same bullish signals but represent repeated reporting rather than new, independent catalysts. Here’s what UBS has to say about Corning Incorporated (GLW)

Corning Price Performance

Shares of GLW stock opened at $164.95 on Thursday. The stock has a 50-day moving average price of $134.43 and a 200 day moving average price of $103.61. 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 has a market cap of $141.69 billion, a price-to-earnings ratio of 89.64, a PEG ratio of 2.33 and a beta of 1.06. Corning Incorporated has a 12 month low of $38.82 and a 12 month high of $165.24.

Corning (NYSE:GLW) last announced its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Research analysts expect that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, February 27th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, February 27th. Corning’s dividend payout ratio (DPR) is presently 60.87%.

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.