Calydon Capital Trims Holdings in Corning Incorporated $GLW

Calydon Capital lowered its holdings in Corning Incorporated (NYSE:GLW) by 18.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 122,030 shares of the electronics maker’s stock after selling 27,968 shares during the quarter. Corning makes up about 1.6% of Calydon Capital’s investment portfolio, making the stock its 11th largest holding. Calydon Capital’s holdings in Corning were worth $10,010,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of Corning by 4.9% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker’s stock valued at $21,471,000 after purchasing an additional 12,297 shares in the last quarter. Hartline Investment Corp raised its stake in Corning by 113.2% in the third quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock worth $24,229,000 after buying an additional 156,843 shares in the last quarter. Vanguard Group Inc. raised its stake in Corning by 1.6% in the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock worth $5,151,301,000 after buying an additional 1,582,895 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Corning by 32.1% in the third quarter. Natixis Advisors LLC now owns 479,921 shares of the electronics maker’s stock worth $39,367,000 after buying an additional 116,583 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in Corning by 638.0% in the second quarter. Schroder Investment Management Group now owns 546,407 shares of the electronics maker’s stock worth $28,736,000 after buying an additional 472,365 shares during the period. 69.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on GLW shares. Morgan Stanley upped their target price on Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. raised their target price on Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Susquehanna upped their price target on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. UBS Group increased their price objective on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Citigroup raised their price objective on Corning from $120.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Corning has a consensus rating of “Moderate Buy” and a consensus price target of $131.75.

Corning Price Performance

GLW stock opened at $129.19 on Friday. The firm has a 50 day moving average price of $117.74 and a 200-day moving average price of $95.28. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $162.10. The firm has a market capitalization of $110.84 billion, a price-to-earnings ratio of 70.21, a PEG ratio of 2.22 and a beta of 1.05. 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 results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

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

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Bank of America raised its price target to $144 and reiterated a “buy” rating, citing a potential ~$10.3B scale-out revenue opportunity that could drive meaningful upside. BofA price target raise
• Positive Sentiment: Corning expanded its AI data-center connectivity portfolio by licensing PRIZM TMT ferrule technology from US Conec, improving high-density optical connectivity for AI/GenAI networks — a direct catalyst for optical revenue growth. Zacks: Corning expands AI data center portfolio
• Positive Sentiment: Coverage consensus is supportive: analysts on aggregate have a “moderate buy” recommendation, which can sustain investor demand and limit downside. Analyst consensus: Moderate Buy
• Positive Sentiment: Zacks highlighted GLW as a top-ranked growth stock under its style scores, reinforcing the growth narrative for momentum investors. Zacks: Top-ranked growth stock
• Positive Sentiment: Market coverage notes strong GenAI-driven demand for optical communications, supporting near-term revenue momentum in Corning’s Optical Communications segment. Yahoo: GenAI-driven optical demand
• Neutral Sentiment: Some outlets present mixed analyst views and valuation questions despite recent gains; these pieces underscore investor caution around stretched multiples after a large run-up. Globe and Mail: Mixed analyst opinions
• Neutral Sentiment: An investor-focused article lists two bullish reasons and one skepticism point — useful for watchlist investors but highlights the need to weigh growth vs. valuation. Yahoo: 2 reasons to like, 1 to be skeptical

Insider Transactions at Corning

In related news, CFO Edward A. Schlesinger sold 21,104 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the transaction, the chief financial officer owned 54,780 shares in the company, valued at $5,727,249. The trade was a 27.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Li Fang sold 9,797 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total transaction of $1,112,057.47. The SEC filing for this sale provides additional information. Insiders have sold 233,201 shares of company stock worth $32,614,558 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

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.