Rafferty Asset Management LLC Purchases 11,078 Shares of Corning Incorporated $GLW

Rafferty Asset Management LLC boosted its position in Corning Incorporated (NYSE:GLW) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 262,833 shares of the electronics maker’s stock after purchasing an additional 11,078 shares during the period. Rafferty Asset Management LLC’s holdings in Corning were worth $21,560,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Strengthening Families & Communities LLC bought a new stake in shares of Corning during the 3rd quarter valued at $27,000. Total Investment Management Inc. bought a new position in Corning in the 2nd quarter worth $28,000. Cornerstone Planning Group LLC increased its stake in Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after buying an additional 124 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in Corning by 111.1% during the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 200 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Corning during the second quarter valued at about $36,000. 69.80% of the stock is currently owned by institutional investors.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Citigroup set a new $170 price target for GLW, signaling confidence in Corning’s growth prospects and supporting higher valuation expectations. Corning (NYSE:GLW) Given New $170.00 Price Target at Citigroup
• Positive Sentiment: Analyst upgrades pushed the stock to a fresh 52‑week high and prompted short‑term buying; one report notes shares trading materially higher following the upgrades. Corning (NYSE:GLW) Trading Up 5.6% Following Analyst Upgrade
• Positive Sentiment: UBS says Nvidia’s strong Q4 results provide a favorable read‑through for Corning (demand in data centers and advanced optics), bolstering expectations for Corning’s end‑market strength. Corning Gets Strong Read Through From Nvidia Results, UBS Says
• Positive Sentiment: A CNBC piece argues Corning’s near‑record price and elevated valuation are justified by durable end‑market demand and improving fundamentals, which may attract momentum investors. Why Corning’s near record stock price and historically expensive valuation are worth it
• Neutral Sentiment: Coverage pieces (Yahoo Finance, Zacks) explain the stock’s ~45.9% run since the last earnings report and look at upcoming estimates — useful context but not new catalysts. Why Is Corning (GLW) Up 45.9% Since Last Earnings Report?
• Neutral Sentiment: Another analytical take from Zacks reiterates the same thesis on recent earnings and what to watch next (estimates/guidance). Why Is Corning (GLW) Up 45.9% Since Last Earnings Report?
• Negative Sentiment: CEO Wendell P. Weeks sold 137,514 shares (~$21.4M) on Feb. 26, reducing his stake by ~15.5% per the SEC filing; insider sales can trigger short‑term caution among investors despite his remaining large holding. SEC Form 4 — Weeks insider sale

Corning Stock Performance

NYSE GLW opened at $150.31 on Friday. The business’s 50 day moving average price is $108.27 and its 200-day moving average price is $90.34. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $162.10. The company has a market cap of $128.96 billion, a P/E ratio of 81.69, a P/E/G ratio of 2.60 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59.

Corning (NYSE:GLW) last posted its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the firm earned $0.57 earnings per share. Corning’s quarterly 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 earnings per share for the current year.

Corning Announces Dividend

The company 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. This represents a $1.12 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio is presently 60.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GLW shares. Barclays set a $100.00 price objective on shares of Corning in a research report on Thursday, January 29th. UBS Group lifted their price target on shares of Corning from $125.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 20th. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Oppenheimer set a $120.00 price objective on shares of Corning in a report on Thursday, January 29th. Finally, Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.42.

Insider Buying and Selling

In related news, VP John Z. Zhang sold 1,531 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $133.75, for a total transaction of $204,771.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eric S. Musser sold 15,000 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $130.25, for a total value of $1,953,750.00. Following the completion of the transaction, the insider directly owned 4,926 shares in the company, valued at $641,611.50. This trade represents a 75.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 233,201 shares of company stock worth $32,614,558 over the last three months. 0.40% of the stock is currently owned by company insiders.

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.