Corning Incorporated $GLW Holdings Trimmed by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC cut its holdings in shares of Corning Incorporated (NYSE:GLW) by 51.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,723 shares of the electronics maker’s stock after selling 28,215 shares during the period. Richard Bernstein Advisors LLC’s holdings in Corning were worth $2,192,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GLW. Capital Research Global Investors acquired a new stake in Corning in the third quarter valued at approximately $907,164,000. Norges Bank bought a new stake in shares of Corning during the 2nd quarter worth about $534,936,000. WCM Investment Management LLC acquired a new stake in Corning in the 3rd quarter worth approximately $676,931,000. Voya Investment Management LLC grew its holdings in Corning by 748.0% during the third quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock valued at $260,014,000 after purchasing an additional 2,795,948 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of Corning by 93.0% in the second quarter. Raymond James Financial Inc. now owns 3,407,608 shares of the electronics maker’s stock worth $179,206,000 after buying an additional 1,641,558 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Susquehanna raised their target price on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. raised their price target on shares of Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Oppenheimer set a $120.00 price objective on Corning in a research note on Thursday, January 29th. UBS Group increased their target price on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Fox Advisors lowered shares of Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Corning presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.42.

Corning Stock Up 4.5%

GLW stock opened at $128.84 on Tuesday. The business has a 50-day moving average of $114.30 and a 200-day moving average of $93.65. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $162.10. 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 capitalization of $110.53 billion, a P/E ratio of 70.02, a P/E/G ratio of 2.13 and a beta of 1.04.

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

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.9%. Corning’s payout ratio is 60.87%.

Insider Activity at Corning

In other Corning news, VP John Z. Zhang sold 1,531 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total transaction of $204,771.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lewis A. Steverson sold 15,366 shares of Corning 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 transaction, the executive vice president directly owned 3,461 shares of the company’s stock, valued at $450,691.42. This represents a 81.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 233,201 shares of company stock worth $32,614,558 over the last 90 days. 0.32% of the stock is currently owned by company insiders.

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.