Avestar Capital LLC Takes Position in Corning Incorporated $GLW

Avestar Capital LLC purchased a new stake in shares of Corning Incorporated (NYSE:GLW) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 5,055 shares of the electronics maker’s stock, valued at approximately $415,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strengthening Families & Communities LLC purchased a new position in shares of Corning during the 3rd quarter worth approximately $27,000. Total Investment Management Inc. purchased a new stake in Corning in the second quarter worth $28,000. Cornerstone Planning Group LLC grew its stake in Corning by 58.5% in the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 124 shares during the period. Financial Management Professionals Inc. raised its holdings in Corning by 111.1% in the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Corning during the second quarter valued at $36,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: UBS raised its price target on GLW to $160 and maintained a “buy” rating, giving analysts’ backing to further upside and legitimizing recent gains. UBS raises price target to $160
• Positive Sentiment: Multiple outlets highlight Corning as a beneficiary of the AI infrastructure buildout — demand for fiber, optical interconnects and glass substrate technology is being re-priced into expectations for growth. Corning’s Surprise AI Boom
• Positive Sentiment: Zacks published a piece framing GLW as a strong growth stock based on style scores and momentum, feeding retail and algorithmic interest. Zacks: Here’s Why Corning (GLW) is a Strong Growth Stock
• Neutral Sentiment: Coverage and comparative pieces (e.g., Corning vs. Universal Display) are driving analyst debate about display vs. optical winners — helpful for narrative but not immediate catalysts. Corning vs. Universal Display
• Neutral Sentiment: Benzinga and other outlets note elevated options activity in GLW, which can amplify intraday moves but doesn’t change fundamentals. Options trading trends in Corning
• Negative Sentiment: Insiders sold roughly US$54M of Corning stock, a signal some investors interpret as caution and a reminder to watch insider activity and timing around big rallies. Corning Insiders Sell US$54m Of Stock

Insider Activity at Corning

In related news, SVP Li Fang sold 9,797 shares of Corning stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Avery H. Nelson III sold 6,262 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $129.79, for a total value of $812,744.98. Following the completion of the transaction, the chief operating officer directly owned 61,371 shares in the company, valued at approximately $7,965,342.09. This represents a 9.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 95,687 shares of company stock valued at $11,249,008 over the last quarter. 0.40% of the stock is owned by company insiders.

Corning Stock Up 7.3%

Corning stock opened at $139.53 on Friday. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $140.27. The stock has a fifty day simple moving average of $101.83 and a two-hundred day simple moving average of $87.15. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm has a market cap of $119.71 billion, a price-to-earnings ratio of 75.83, a PEG ratio of 2.25 and a beta of 1.13.

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

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s payout ratio is presently 60.87%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group increased their price target on shares of Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday. Mizuho raised their target price on shares of Corning from $97.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Susquehanna lifted their target price on shares of Corning from $100.00 to $125.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Finally, Argus lifted their price objective on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.17.

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.