Corning Incorporated $GLW Shares Sold by FNY Investment Advisers LLC

FNY Investment Advisers LLC trimmed its position in Corning Incorporated (NYSE:GLW) by 93.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,659 shares of the electronics maker’s stock after selling 23,524 shares during the quarter. FNY Investment Advisers LLC’s holdings in Corning were worth $136,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Corning in the third quarter worth $25,000. Strengthening Families & Communities LLC bought a new stake in Corning during the third quarter valued at $27,000. Cornerstone Planning Group LLC raised its holdings in shares of Corning by 58.5% during 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. lifted its position in shares of Corning by 111.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after buying an additional 200 shares during the last quarter. Finally, JPL Wealth Management LLC bought a new position in shares of Corning in the 3rd quarter worth about $33,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GLW shares. Barclays set a $100.00 price objective on shares of Corning in a research report on Thursday, January 29th. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Wolfe Research set a $130.00 target price on Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. JPMorgan Chase & Co. upped their target price on Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Finally, Oppenheimer set a $120.00 price target on Corning in a research report on Thursday, January 29th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Corning has an average rating of “Moderate Buy” and an average price target of $131.75.

Insiders Place Their Bets

In related news, CEO Wendell P. Weeks sold 137,514 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total value of $21,365,550.18. Following the completion of the transaction, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at $116,618,391.45. This represents a 15.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Lewis A. Steverson sold 15,366 shares of Corning stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the sale, the executive vice president directly owned 3,461 shares in the company, valued at $450,691.42. The trade was a 81.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 233,201 shares of company stock worth $32,614,558. 0.40% of the stock is owned by company insiders.

Corning Stock Down 6.3%

GLW stock opened at $124.72 on Friday. The stock has a market cap of $107.00 billion, a PE ratio of 67.78, a price-to-earnings-growth ratio of 2.10 and a beta of 1.05. The firm’s 50-day simple moving average is $122.00 and its 200 day simple moving average is $97.26. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $162.10. 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 posted its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the business posted $0.57 EPS. Corning’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. As a group, sell-side analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.9%. Corning’s payout ratio is currently 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.