Corning Incorporated $GLW Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in shares of Corning Incorporated (NYSE:GLW) by 1.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,322,489 shares of the electronics maker’s stock after selling 14,425 shares during the period. Rhumbline Advisers’ holdings in Corning were worth $108,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLW. Strengthening Families & Communities LLC purchased a new stake in Corning during the third quarter worth $27,000. Total Investment Management Inc. purchased a new stake in shares of Corning during the 2nd quarter worth about $28,000. Cornerstone Planning Group LLC grew its position in shares of Corning by 58.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 124 shares during the period. Financial Management Professionals Inc. raised its holdings in 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 purchasing an additional 200 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Corning during the second quarter worth approximately $36,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GLW shares. Barclays set a $100.00 target price on Corning in a research report on Thursday, January 29th. Argus lifted their target price on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings cut shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 27th. Fox Advisors lowered shares of Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. Finally, UBS Group reissued a “buy” rating and set a $125.00 target price on shares of Corning in a report on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $112.36.

Corning Trading Up 3.8%

Shares of Corning stock opened at $133.03 on Thursday. The stock has a 50 day moving average of $95.80 and a 200 day moving average of $83.83. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The firm has a market capitalization of $114.06 billion, a price-to-earnings ratio of 72.30, a PEG ratio of 2.22 and a beta of 1.13. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $134.39.

Corning (NYSE:GLW) last announced its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter 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. As a group, research analysts predict that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be paid 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 dividend yield of 0.8%. Corning’s payout ratio is presently 60.87%.

Insider Activity

In related news, EVP Lewis A. Steverson sold 15,366 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the completion of the transaction, the executive vice president directly owned 3,461 shares in the company, valued at $450,691.42. This trade represents a 81.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eric S. Musser sold 25,000 shares of Corning stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $110.00, for a total value of $2,750,000.00. Following the completion of the transaction, the insider directly owned 19,926 shares of the company’s stock, valued at approximately $2,191,860. This represents a 55.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 92,573 shares of company stock worth $10,840,441 in the last quarter. Insiders own 0.40% of the company’s stock.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Company beat consensus on Q4 revenue and EPS and disclosed a roughly $6 billion Meta deal for AI fiber/cable, which materially boosts near-term demand for its optical-fiber business and explains the rally. Corning up after strong results & Meta AI fiber deal
• Positive Sentiment: The board declared a quarterly dividend of $0.28/share (record Feb 27; payable Mar 30), reinforcing shareholder returns as Corning ramps AI/telecom projects. Dividend announcement
• Positive Sentiment: Market flow/sector headlines highlight an “AI moment” for Corning, with fund inflows and rotation into AI infrastructure names amplifying the upside momentum tied to the Meta deal. AI inflows coverage
• Neutral Sentiment: Analysts have largely turned bullish after the results (multiple upgrades/raised targets), but consensus price targets and the stock’s valuation remain wide-ranging — the market is pricing significant growth into GLW. Analyst coverage & consensus
• Negative Sentiment: Several insiders sold shares in early February (COO Avery H. Nelson III sold ~6,262 shares), which can create short-term selling pressure or headlines that dampen sentiment even if sales are routine. Insider sales report
• Negative Sentiment: EVP Lewis A. Steverson and other executives disclosed large reductions in holdings (SEC Form 4s), which some traders interpret as a cautionary signal even amid strong fundamentals. Steverson SEC filing

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.