Mirae Asset Global Investments Co. Ltd. Buys 13,067 Shares of Corning Incorporated $GLW

Mirae Asset Global Investments Co. Ltd. grew its position in Corning Incorporated (NYSE:GLW) by 14.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101,458 shares of the electronics maker’s stock after buying an additional 13,067 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Corning were worth $8,323,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of GLW. Norges Bank acquired a new stake in Corning in the 2nd quarter worth approximately $534,936,000. Voya Investment Management LLC lifted its stake in shares of Corning by 748.0% during the third quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock worth $260,014,000 after buying an additional 2,795,948 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Corning by 93.0% during the second quarter. Raymond James Financial Inc. now owns 3,407,608 shares of the electronics maker’s stock valued at $179,206,000 after buying an additional 1,641,558 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Corning by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after acquiring an additional 1,582,895 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Corning by 125.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,683,497 shares of the electronics maker’s stock worth $220,127,000 after acquiring an additional 1,495,277 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Multiyear Meta agreement (up to $6 billion) boosts revenue visibility for Corning’s optical/data‑center business and underpins planned U.S. manufacturing expansion — a major structural catalyst for demand tied to AI data‑center builds. Can Corning’s Multi-Year AI-Focused Deal With Meta Boost Its Shares?
• Positive Sentiment: Q4 beat and constructive guidance: Corning topped estimates on revenue and EPS, reported strong optical communications growth, and set Q1 EPS guidance that implies continued strength — supports the thesis Corning is an AI/data‑center beneficiary. GLW Q4 earnings beat estimates on strength in optical communication
• Positive Sentiment: Analyst upgrades/target raises (Susquehanna, Citi and others) pushed upside expectations and provided fresh buy‑side ammunition after the earnings/Meta news. These broker actions can sustain buying momentum. GLW price target raised by Susquehanna
• Neutral Sentiment: Positive media/analyst narrative (Zacks, Jim Cramer, others) is reinforcing investor interest in GLW as an AI/momentum trade — helpful context but much of this is now reflected in the rally. Why Corning (GLW) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Company guidance (Q1 EPS range) was generally inline-to-slightly constructive — supportive but not a surprise after the Meta deal and Q4 beat. Corning forecasts first-quarter sales above estimates
• Negative Sentiment: Large insider sale by CFO Edward Schlesinger (21,104 shares, ~ $2.2M) — a sizeable reduction in his stake that some investors view as a near‑term bearish signal (though insiders sell for many reasons). Edward Schlesinger Sells 21,104 Shares of Corning
• Negative Sentiment: Smaller insider sale by SVP Michelle Gullo and broader post‑announcement profit‑taking after the stock ran to record highs — explains short‑term pullback/liquidity-driven selling. Form 4 – Michelle L. Gullo
• Negative Sentiment: Coverage noting the stock “slips” after earnings/guidance updates — signals short‑term volatility as traders lock in gains; could keep pressure until momentum stabilizes. Corning slips after Q4 results, guidance updates Springboard plan

Analysts Set New Price Targets

GLW has been the topic of a number of research reports. Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday. Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Citigroup upped their price objective on shares of Corning from $102.00 to $120.00 and gave the company a “buy” rating in a report on Thursday. Susquehanna raised their target price on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a report on Thursday. Finally, Oppenheimer set a $120.00 price target on Corning in a research report on Thursday. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $112.36.

Insiders Place Their Bets

In other news, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the sale, the chief financial officer owned 54,780 shares of the company’s stock, valued at $5,727,249. This represents a 27.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by insiders.

Corning Trading Up 0.2%

Shares of GLW opened at $103.22 on Friday. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $113.99. The stock has a market cap of $88.50 billion, a PE ratio of 56.10, a price-to-earnings-growth ratio of 1.78 and a beta of 1.13. The company has a quick ratio of 1.00, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average is $89.93 and its two-hundred day moving average is $80.17.

Corning (NYSE:GLW) last released its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share 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 business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the company posted $0.57 EPS. The business’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 forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

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.