KDT Advisors LLC Has $579,000 Stock Position in Corning Incorporated $GLW

KDT Advisors LLC cut its stake in Corning Incorporated (NYSE:GLW) by 34.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,055 shares of the electronics maker’s stock after selling 3,685 shares during the quarter. KDT Advisors LLC’s holdings in Corning were worth $579,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in Corning by 0.8% in the third quarter. Vanguard Group Inc. now owns 98,702,639 shares of the electronics maker’s stock valued at $8,096,577,000 after acquiring an additional 750,530 shares during the period. State Street Corp boosted its stake in shares of Corning by 1.4% in the 2nd quarter. State Street Corp now owns 36,568,973 shares of the electronics maker’s stock valued at $1,923,162,000 after purchasing an additional 509,013 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Corning by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 19,443,525 shares of the electronics maker’s stock worth $1,018,629,000 after purchasing an additional 112,739 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Corning by 8.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock worth $724,432,000 after purchasing an additional 1,036,988 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Corning during the 2nd quarter worth about $534,936,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Performance

GLW stock opened at $151.39 on Wednesday. The company has a 50 day moving average price of $104.26 and a 200 day moving average price of $88.65. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $152.91. 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 $129.89 billion, a PE ratio of 82.28, a price-to-earnings-growth ratio of 2.52 and a beta of 1.13.

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

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s payout ratio is currently 60.87%.

Insider Activity at Corning

In related news, insider Eric S. Musser sold 25,000 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 19,926 shares in the company, valued at $2,191,860. This represents a 55.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Edward A. Schlesinger sold 21,104 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the completion of the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. The trade was a 27.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 95,687 shares of company stock worth $11,249,008. Insiders own 0.32% of the company’s stock.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Major commercial win: Corning announced a multi‑year supply agreement with Meta potentially worth up to $6 billion, validating its role as a critical supplier for AI data‑center fiber demand. From Glass Maker to AI Kingmaker: Corning’s Pivot
• Positive Sentiment: Operational leverage & growth roadmap: Optical Communications posted record growth (segment sales and net income up y/y) and management raised Springboard targets — now aiming for $11B incremental annualized sales by 2028 (up from $8B) and $6.5B by end‑2026 — improving margin and cash‑flow outlook. From Glass Maker to AI Kingmaker: Corning’s Pivot
• Positive Sentiment: Unusually large bullish options activity: Traders bought ~50,325 call options (about +99% vs. typical volume), signaling speculative or institutional conviction in further upside. Stock Traders Purchase High Volume of Call Options on Corning (NYSE:GLW)
• Positive Sentiment: Analyst support: At least one firm boosted GLW’s price target to $160, reflecting raised expectations for revenue and margin expansion tied to AI‑related demand. Corning (NYSE:GLW) Price Target Raised to $160.00
• Positive Sentiment: Sector momentum: Reports attribute gains to hyperscaler / data‑center spending optimism, reinforcing the view that densification will boost fiber demand for years. Corning stock gains on hyperscaler spending optimism
• Neutral Sentiment: Strong price momentum: GLW has posted large short‑term returns (recent 30‑day and YTD gains), attracting attention from momentum investors — this helps liquidity but raises volatility risk. Corning (GLW) Valuation Check After Strong Multi‑Period Share Price Momentum
• Negative Sentiment: Rich valuation: The stock now trades at a materially higher P/E multiple than historical averages (market pricing assumes flawless execution of Springboard and sustained hyperscaler demand), so any execution misstep or slowdown could prompt a sharp re‑rating. From Glass Maker to AI Kingmaker: Corning’s Pivot

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Susquehanna boosted their price target on shares of Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. boosted their target price on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Oppenheimer set a $120.00 price objective on Corning in a research report on Thursday, January 29th. Finally, Mizuho set a $145.00 price objective on Corning in a research note on Monday. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $121.25.

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.