Grandfield & Dodd LLC Sells 36,291 Shares of Corning Incorporated $GLW

Grandfield & Dodd LLC reduced its position in shares of Corning Incorporated (NYSE:GLW) by 30.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,474 shares of the electronics maker’s stock after selling 36,291 shares during the period. Grandfield & Dodd LLC’s holdings in Corning were worth $6,847,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Hartline Investment Corp increased its position in Corning by 113.2% during the 3rd quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock worth $24,229,000 after purchasing an additional 156,843 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Corning by 1.6% during the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock worth $5,151,301,000 after buying an additional 1,582,895 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Corning by 638.0% in the 2nd quarter. Schroder Investment Management Group now owns 546,407 shares of the electronics maker’s stock valued at $28,736,000 after acquiring an additional 472,365 shares during the last quarter. Motley Fool Asset Management LLC lifted its stake in shares of Corning by 10.5% in the 2nd quarter. Motley Fool Asset Management LLC now owns 44,037 shares of the electronics maker’s stock valued at $2,316,000 after acquiring an additional 4,183 shares during the last quarter. Finally, Jefferies Financial Group Inc. boosted its holdings in shares of Corning by 33.2% during the 2nd quarter. Jefferies Financial Group Inc. now owns 180,606 shares of the electronics maker’s stock valued at $9,498,000 after acquiring an additional 44,994 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Up 0.8%

Corning stock opened at $94.30 on Friday. The firm has a market cap of $80.85 billion, a price-to-earnings ratio of 59.68, a PEG ratio of 1.15 and a beta of 1.13. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $96.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.56. The firm has a 50 day moving average price of $87.40 and a two-hundred day moving average price of $77.93.

Corning (NYSE:GLW) last posted its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Corning had a net margin of 9.16% and a return on equity of 18.12%. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same period in the prior year, the firm posted $0.54 EPS. The company’s quarterly revenue was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Equities analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Analyst Upgrades and Downgrades

GLW has been the subject of a number of recent research reports. Susquehanna upped their target price on Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. Argus raised their price objective on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Corning in a research report on Monday, December 29th. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Finally, Morgan Stanley raised their price target on shares of Corning from $82.00 to $98.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.36.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Major channel and customer momentum: coverage highlights Corning’s partnerships with Nvidia, Broadcom and Microsoft and says those relationships could drive a technical breakout as AI data‑center buildouts lift demand for Corning’s optical components. AI Enabler Sparkles And Shines. Now Comes The Main Event.
• Positive Sentiment: Analysts expect earnings growth and a likely beat: previews note Corning has the right mix of revenue drivers (AI, solar, specialty materials) that set up for upside to Q4 results. Corning (GLW) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Pre‑earnings optimism on demand mix: another preview flags strong AI, solar and specialty materials momentum and suggests a surprise is possible when Q4 results hit. Is Corning Stock a Smart Buy Ahead of Q4 Earnings Release?
• Positive Sentiment: Fundamental tailwinds but cautious stance: a detailed preview says Gen‑AI demand is real — optical comms growth, possible pricing power and solar (Hemlock) capacity largely sold for 2025 — though the author remains on hold pending clearer earnings durability. Corning Q4 Preview: Gen AI Tailwinds Are Real, But I Need Higher Earnings Power
• Neutral Sentiment: Broker consensus: a roundup shows an average rating around “Moderate Buy,” which supports sentiment but isn’t uniformly bullish. Corning Incorporated (NYSE:GLW) Given Average Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Earnings timing: reminders that Corning will release quarterly results this week keep focus on the report as the immediate catalyst. Corning (GLW) to Release Quarterly Earnings on Wednesday
• Neutral Sentiment: Market performance note: the stock has recently risen but still trails some broader market movers, indicating mixed short‑term momentum. Corning Inc. stock rises Wednesday, still underperforms market
• Negative Sentiment: Valuation/case for caution: coverage asks whether it’s too late to buy after an ~83% one‑year rally, flagging valuation risk if growth expectations are already priced in. Is It Too Late To Consider Corning (GLW) After Its 1 Year 83% Rally?

Insiders Place Their Bets

In related news, insider Eric S. Musser sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the completion of the sale, the insider owned 44,926 shares of the company’s stock, valued at $4,050,977.42. This trade represents a 69.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Lewis A. Steverson sold 23,142 shares of Corning stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $89.05, for a total value of $2,060,795.10. Following the completion of the sale, the executive vice president owned 17,575 shares of the company’s stock, valued at approximately $1,565,053.75. The trade was a 56.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 156,135 shares of company stock valued at $14,088,769. 0.40% of the stock is currently owned by insiders.

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.