Rhumbline Advisers Cuts Stake in Corning Incorporated $GLW

Rhumbline Advisers lowered its stake in shares of Corning Incorporated (NYSE:GLW) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,322,489 shares of the electronics maker’s stock after selling 14,425 shares during the period. Rhumbline Advisers owned 0.15% of Corning worth $108,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Krilogy Financial LLC bought a new stake in Corning in the 3rd quarter valued at $775,000. Stratos Wealth Partners LTD. increased its holdings in shares of Corning by 34.4% in the third quarter. Stratos Wealth Partners LTD. now owns 70,631 shares of the electronics maker’s stock worth $5,794,000 after purchasing an additional 18,079 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of Corning in the third quarter worth about $246,000. Reaves W H & Co. Inc. purchased a new stake in shares of Corning in the third quarter worth about $41,386,000. Finally, S&CO Inc. purchased a new position in Corning during the 3rd quarter valued at approximately $209,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GLW. Barclays set a $100.00 price objective on Corning in a report on Thursday, January 29th. Argus upped their price target on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. UBS Group reissued a “buy” rating and issued a $125.00 price objective on shares of Corning in a research note on Friday, January 30th. Weiss Ratings cut shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 27th. Finally, Mizuho lifted their price target on Corning from $97.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.36.

Corning Stock Performance

Corning stock opened at $133.03 on Thursday. 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 firm has a market capitalization of $114.06 billion, a P/E ratio of 72.30, a price-to-earnings-growth ratio of 2.22 and a beta of 1.13. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $134.39. The company’s 50-day moving average is $95.80 and its 200 day moving average is $83.83.

Corning (NYSE:GLW) last issued 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. The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Research analysts forecast 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 paid a dividend of $0.28 per share. The ex-dividend date is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. Corning’s dividend payout ratio (DPR) is currently 60.87%.

Insider Activity at Corning

In other news, SVP Li Fang sold 9,797 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total value of $1,112,057.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Avery H. Nelson III sold 6,262 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $129.79, for a total transaction of $812,744.98. Following the completion of the sale, the chief operating officer owned 61,371 shares of the company’s stock, valued at approximately $7,965,342.09. This trade represents a 9.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 92,573 shares of company stock valued at $10,840,441 over the last quarter. 0.40% of the stock is owned by insiders.

More 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

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.