5,000 Shares in Corning Incorporated $GLW Acquired by Summit Place Financial Advisors LLC

Summit Place Financial Advisors LLC acquired a new stake in Corning Incorporated (NYSE:GLW) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,000 shares of the electronics maker’s stock, valued at approximately $769,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Randolph Co Inc acquired a new position in shares of Corning in the 3rd quarter valued at $56,259,000. Compass Ion Advisors LLC grew its holdings in shares of Corning by 3.9% during the 3rd quarter. Compass Ion Advisors LLC now owns 3,964 shares of the electronics maker’s stock worth $609,000 after purchasing an additional 148 shares during the period. Meridian Financial Partners LLC acquired a new stake in shares of Corning during the 3rd quarter worth about $1,895,000. Bernardo Wealth Planning LLC increased its position in shares of Corning by 107.0% during the 3rd quarter. Bernardo Wealth Planning LLC now owns 3,864 shares of the electronics maker’s stock worth $594,000 after purchasing an additional 1,997 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Corning by 5.7% during the 3rd quarter. Signaturefd LLC now owns 29,572 shares of the electronics maker’s stock worth $4,547,000 after purchasing an additional 1,582 shares during the last quarter. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Stock Up 0.0%

NYSE:GLW opened at $123.75 on Monday. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average is $150.96 and its two-hundred day moving average is $168.43. Corning Incorporated has a 52 week low of $77.39 and a 52 week high of $271.78. The stock has a market capitalization of $106.60 billion, a price-to-earnings ratio of 56.51, a price-to-earnings-growth ratio of 1.56 and a beta of 1.13.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. Corning had a return on equity of 20.09% and a net margin of 11.20%. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same period last year, the business posted $0.60 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Research analysts anticipate that Corning Incorporated will post 3.30 EPS for the current year.

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 13th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th. Corning’s payout ratio is currently 51.14%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GLW. Morgan Stanley reduced their price objective on shares of Corning from $180.00 to $165.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. UBS Group increased their target price on shares of Corning from $196.00 to $201.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Citigroup lowered their target price on shares of Corning from $240.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Finally, Mizuho dropped their price target on shares of Corning from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, September 15th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Corning currently has an average rating of “Moderate Buy” and a consensus price target of $177.25.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning’s presentation at the OCP Global Summit highlighted demand for optical fiber and high-density connectivity used in AI data centers. Long-term supply agreements with Amazon, NVIDIA, Meta and Verizon improve visibility for the Optical Communications business and could support future growth. Will AI Fiber Demand Change Corning’s Narrative
• Positive Sentiment: Analyst estimates are rising ahead of third-quarter results, with AI-driven optical demand and major customer agreements viewed as potential earnings catalysts. Solar profitability recovery remains an important factor for the quarter. Is Corning Stock a Smart Investment Option Before Q3 Earnings Release?
• Neutral Sentiment: Wall Street is closely focused on third-quarter revenue, earnings and operating metrics. Corning’s latest reported quarter exceeded consensus expectations, with revenue up 17.1% year over year, while current guidance calls for third-quarter EPS of $0.85 to $0.89. Unlocking Q3 Potential of Corning
• Negative Sentiment: JPMorgan lowered its price target for Corning to $165, triggering renewed selling pressure. The reduction suggests the bank sees less near-term upside after the stock’s substantial multiyear rally, despite maintaining interest in the AI-fiber opportunity. JPMorgan Cuts Target for Corning Stock to USD 165
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Corning investors. The announcement does not establish wrongdoing, but it adds headline and legal risk. Pomerantz Investor Alert

Insider Transactions at Corning

In related news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the transaction, the executive vice president owned 15,052 shares of the company’s stock, valued at approximately $2,277,217.08. This represents a 46.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Corning Company Profile

Corning Incorporated (NYSE: GLW) is a technology company that develops and manufactures specialty glass, ceramics and optical-fiber products. Its materials and engineering expertise support communications networks, consumer electronics, automotive systems, life sciences and other industrial applications.

The company’s products include optical fiber, cable and connectivity solutions used in telecommunications infrastructure; glass substrates for televisions, computer monitors and other displays; durable cover glass for mobile devices; emissions-control components for vehicles; laboratory glassware and consumables; and specialized glass and ceramic materials for scientific, industrial and semiconductor applications.

Founded in 1851 and headquartered in Corning, New York, the company serves customers through operations and facilities across North America, Europe, Asia and other international markets.