Corning Incorporated $GLW Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC lowered its position in shares of Corning Incorporated (NYSE:GLW) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,082 shares of the electronics maker’s stock after selling 7,782 shares during the quarter. CoreCap Advisors LLC’s holdings in Corning were worth $5,786,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GLW. Capital Research Global Investors purchased a new stake in shares of Corning during the third quarter worth approximately $907,164,000. Norges Bank purchased a new position in Corning in the 2nd quarter valued at $534,936,000. WCM Investment Management LLC purchased a new position in Corning in the 3rd quarter valued at $676,931,000. Wellington Management Group LLP boosted its stake in Corning by 30.3% during the 3rd quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock worth $1,358,211,000 after purchasing an additional 3,848,540 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in Corning by 748.0% during the 3rd quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock worth $260,014,000 after purchasing an additional 2,795,948 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Multiple analyst upgrades and bullish notes drove strong buying interest earlier this week, helping push the stock higher ahead of today’s pullback. Corning (NYSE:GLW) Shares Up 8.5% Following Analyst Upgrade
• Positive Sentiment: Bank of America issued a positive outlook that analysts say supports further upside, contributing to the recent momentum. Corning Stock Price Expected to Rise, Bank of America Analyst Says
• Positive Sentiment: Corning showcased AI‑driven optical communications products at OFC 2026 (multicore fiber, high‑density micro cables, expanded‑beam ferrules), which market coverage says has materially improved sentiment around its data‑center growth story. Assessing Corning (GLW) Valuation After OFC 2026 AI Data Center Connectivity Showcase
• Positive Sentiment: Analyst estimate revisions and technical momentum were highlighted by Zacks as supporting continued strength after recent volume‑backed moves. Strength Seen in Corning (GLW)
• Neutral Sentiment: Corning announced a partnership with Aircapture to advance commercial pathways for scalable direct air capture — a potential longer‑term diversification into clean‑tech markets, but with unclear near‑term revenue impact. Aircapture and Corning Partner to Advance Commercial Pathways to Scalable Direct Air Capture
• Negative Sentiment: Coverage also flags valuation concerns (the stock has rallied sharply), with some media/analysts calling Corning overvalued — a factor likely prompting profit‑taking and contributing to today’s decline. Corning (GLW) to Showcase New AI-Driven Optical Communication Breakthroughs At OFC 2026

Corning Price Performance

Corning stock opened at $135.41 on Friday. 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 company has a 50-day moving average price of $125.87 and a 200 day moving average price of $99.18. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $162.10. The stock has a market cap of $116.32 billion, a P/E ratio of 73.59, a PEG ratio of 2.31 and a beta of 1.05.

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

Corning Dividend Announcement

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

Insider Activity at Corning

In related news, VP John Z. Zhang sold 1,531 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $133.75, for a total transaction of $204,771.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Avery H. Nelson III sold 1,583 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $128.74, for a total transaction of $203,795.42. Following the completion of the sale, the chief operating officer owned 59,788 shares in the company, valued at approximately $7,697,107.12. This trade represents a 2.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 233,201 shares of company stock valued at $32,614,558 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GLW shares. Barclays set a $100.00 target price on shares of Corning in a research report on Thursday, January 29th. Wolfe Research set a $130.00 price objective on shares of Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Morgan Stanley raised their target price on shares of Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. HSBC restated a “buy” rating and set a $135.00 target price on shares of Corning in a report on Friday, February 13th. Finally, Citigroup increased their price target on Corning from $120.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Corning has a consensus rating of “Moderate Buy” and an average target price of $132.67.

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.