Cantor Fitzgerald L. P. Makes New Investment in Corning Incorporated $GLW

Cantor Fitzgerald L. P. bought a new stake in shares of Corning Incorporated (NYSE:GLW) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,233 shares of the electronics maker’s stock, valued at approximately $1,332,000.

Other hedge funds also recently modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Corning during the third quarter valued at $25,000. Strengthening Families & Communities LLC acquired a new stake in Corning during the 3rd quarter worth about $27,000. Total Investment Management Inc. acquired a new stake in Corning during the 2nd quarter worth about $28,000. Cornerstone Planning Group LLC grew its stake in Corning by 58.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 124 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in shares of Corning by 111.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning News Roundup

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

Corning Trading Down 0.5%

Shares of NYSE GLW opened at $129.19 on Friday. The business has a 50 day simple moving average of $117.74 and a 200 day simple moving average of $95.28. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $162.10. The stock has a market cap 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 issued its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The firm had revenue of $4.41 billion for 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 company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, research analysts predict that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.9%. Corning’s dividend payout ratio (DPR) is currently 60.87%.

Insiders Place Their Bets

In related news, VP John Z. Zhang sold 1,531 shares of Corning stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total value of $204,771.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Wendell P. Weeks sold 137,514 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the transaction, the chief executive officer directly owned 750,585 shares in the company, valued at $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 233,201 shares of company stock worth $32,614,558 in the last 90 days. 0.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on GLW. HSBC reissued a “buy” rating and issued a $135.00 price target on shares of Corning in a research report on Friday, February 13th. Weiss Ratings upgraded shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Citigroup increased their target price on shares of Corning from $120.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Mizuho set a $145.00 target price on shares of Corning in a research note on Monday, February 23rd. Finally, Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.75.

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.