Oppenheimer & Close LLC Trims Stake in Corning Incorporated $GLW

Oppenheimer & Close LLC lowered its stake in Corning Incorporated (NYSE:GLW) by 42.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 49,411 shares of the electronics maker’s stock after selling 36,694 shares during the quarter. Corning comprises about 2.7% of Oppenheimer & Close LLC’s investment portfolio, making the stock its 15th biggest position. Oppenheimer & Close LLC’s holdings in Corning were worth $4,053,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GLW. Brighton Jones LLC lifted its stake in Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after acquiring an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. purchased a new stake in Corning during the first quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Corning by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Corning in the second quarter valued at approximately $401,000. Finally, Stephens Inc. AR boosted its stake in shares of Corning by 4.6% in the second quarter. Stephens Inc. AR now owns 17,399 shares of the electronics maker’s stock valued at $915,000 after purchasing an additional 768 shares during the period. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GLW. HSBC reissued a “buy” rating and set a $135.00 price objective on shares of Corning in a research report on Friday, February 13th. Mizuho upped their price target on Corning from $97.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Susquehanna raised their price objective on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Fox Advisors downgraded shares of Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings raised shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Eleven equities research 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 company currently has an average rating of “Moderate Buy” and an average price target of $117.17.

Insider Activity at Corning

In related news, EVP Lewis A. Steverson sold 15,366 shares of the stock in a transaction on 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 sale, the executive vice president directly owned 3,461 shares of the company’s stock, valued at $450,691.42. This trade represents a 81.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John Z. Zhang sold 1,531 shares of Corning stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total transaction of $204,771.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 95,687 shares of company stock worth $11,249,008 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Key Headlines Impacting Corning

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

Corning Stock Up 7.3%

Shares of NYSE:GLW opened at $139.53 on Friday. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $140.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The stock has a market cap of $119.71 billion, a P/E ratio of 75.83, a P/E/G ratio of 2.42 and a beta of 1.13. The firm has a fifty day moving average price of $101.83 and a 200 day moving average price of $87.32.

Corning (NYSE:GLW) last announced its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 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 business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the prior year, the company earned $0.57 earnings per share. The business’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. Sell-side analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

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

Corning Company 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.