Cary Street Partners Financial LLC Reduces Holdings in Corning Incorporated $GLW

Cary Street Partners Financial LLC lowered its position in shares of Corning Incorporated (NYSE:GLW) by 18.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,407 shares of the electronics maker’s stock after selling 25,573 shares during the period. Cary Street Partners Financial LLC’s holdings in Corning were worth $9,467,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GLW. JFS Wealth Advisors LLC increased its position in Corning by 15.7% during the third quarter. JFS Wealth Advisors LLC now owns 950 shares of the electronics maker’s stock worth $78,000 after buying an additional 129 shares during the period. Waddell & Associates LLC acquired a new stake in shares of Corning in the third quarter valued at approximately $246,000. Optiver Holding B.V. purchased a new position in shares of Corning during the third quarter worth approximately $120,000. TigerOak Management L.L.C. acquired a new position in shares of Corning in the 3rd quarter valued at $271,000. Finally, TD Asset Management Inc increased its holdings in shares of Corning by 165.1% in the 3rd quarter. TD Asset Management Inc now owns 1,933,156 shares of the electronics maker’s stock valued at $158,577,000 after acquiring an additional 1,203,822 shares during the period. 69.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in 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, February 20th. JPMorgan Chase & Co. upped their target price on shares of Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Oppenheimer set a $120.00 target price on shares of Corning in a research note on Thursday, January 29th. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Finally, Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.25.

Corning Price Performance

Shares of NYSE:GLW opened at $151.39 on Wednesday. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $152.91. The company has a 50-day moving average price of $104.26 and a 200 day moving average price of $88.65. The company has a market cap of $129.89 billion, a P/E ratio of 82.28, a PEG ratio of 2.52 and a beta of 1.13. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62.

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

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. Corning’s dividend payout ratio (DPR) is 60.87%.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Major commercial win: Corning announced a multi‑year supply agreement with Meta potentially worth up to $6 billion, validating its role as a critical supplier for AI data‑center fiber demand. From Glass Maker to AI Kingmaker: Corning’s Pivot
• Positive Sentiment: Operational leverage & growth roadmap: Optical Communications posted record growth (segment sales and net income up y/y) and management raised Springboard targets — now aiming for $11B incremental annualized sales by 2028 (up from $8B) and $6.5B by end‑2026 — improving margin and cash‑flow outlook. From Glass Maker to AI Kingmaker: Corning’s Pivot
• Positive Sentiment: Unusually large bullish options activity: Traders bought ~50,325 call options (about +99% vs. typical volume), signaling speculative or institutional conviction in further upside. Stock Traders Purchase High Volume of Call Options on Corning (NYSE:GLW)
• Positive Sentiment: Analyst support: At least one firm boosted GLW’s price target to $160, reflecting raised expectations for revenue and margin expansion tied to AI‑related demand. Corning (NYSE:GLW) Price Target Raised to $160.00
• Positive Sentiment: Sector momentum: Reports attribute gains to hyperscaler / data‑center spending optimism, reinforcing the view that densification will boost fiber demand for years. Corning stock gains on hyperscaler spending optimism
• Neutral Sentiment: Strong price momentum: GLW has posted large short‑term returns (recent 30‑day and YTD gains), attracting attention from momentum investors — this helps liquidity but raises volatility risk. Corning (GLW) Valuation Check After Strong Multi‑Period Share Price Momentum
• Negative Sentiment: Rich valuation: The stock now trades at a materially higher P/E multiple than historical averages (market pricing assumes flawless execution of Springboard and sustained hyperscaler demand), so any execution misstep or slowdown could prompt a sharp re‑rating. From Glass Maker to AI Kingmaker: Corning’s Pivot

Insider Buying and Selling

In other Corning news, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John Z. Zhang sold 1,531 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $133.75, for a total transaction of $204,771.25. The SEC filing for this sale provides additional information. Insiders have sold 95,687 shares of company stock valued at $11,249,008 in the last quarter. Corporate insiders own 0.32% of the company’s stock.

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.