Corning Incorporated $GLW is Valley Wealth Managers Inc.’s 9th Largest Position

Valley Wealth Managers Inc. lowered its stake in shares of Corning Incorporated (NYSE:GLW) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 378,520 shares of the electronics maker’s stock after selling 25,968 shares during the quarter. Corning accounts for about 2.1% of Valley Wealth Managers Inc.’s portfolio, making the stock its 9th largest position. Valley Wealth Managers Inc.’s holdings in Corning were worth $31,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Norges Bank purchased a new stake in Corning during the 2nd quarter worth about $534,936,000. Voya Investment Management LLC grew its position in shares of Corning by 748.0% during the third quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock worth $260,014,000 after buying an additional 2,795,948 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Corning by 93.0% during the second quarter. Raymond James Financial Inc. now owns 3,407,608 shares of the electronics maker’s stock worth $179,206,000 after buying an additional 1,641,558 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Corning by 1.6% during 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 during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Corning by 125.8% in the third quarter. Assenagon Asset Management S.A. now owns 2,683,497 shares of the electronics maker’s stock valued at $220,127,000 after acquiring an additional 1,495,277 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Stock Down 1.3%

Shares of NYSE GLW opened at $102.97 on Friday. The business has a 50-day moving average price of $89.46 and a 200 day moving average price of $79.63. The stock has a market cap of $88.29 billion, a PE ratio of 55.96, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13. The company has a quick ratio of 1.00, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $113.99.

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 analysts’ consensus estimates 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 firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction 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 sale, the chief financial officer owned 54,780 shares in the company, valued at $5,727,249. This represents a 27.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is currently owned by company insiders.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Large multiyear agreement with Meta (up to $6B) to accelerate U.S. data?center buildout adds revenue visibility for Corning’s optical business and supports manufacturing expansion. Read More.
• Positive Sentiment: Q4 results beat: $0.72 EPS on $4.41B revenue (optical communications up sharply), and management raised the Springboard plan — fundamentals point to sustained Gen?AI / data?center demand. Read More.
• Positive Sentiment: Several brokers raised targets/ratings (Susquehanna to $125, Citi to $120, JPMorgan to $115), reflecting bullish analyst expectations and providing upside catalysts. Read More.
• Neutral Sentiment: Media and analysts highlight GLW as an AI/data?center beneficiary (Zacks, Jim Cramer commentary urging holders to stay invested) — supportive narrative but already partly priced in after the recent run. Read More.
• Neutral Sentiment: Company issued Q1 2026 EPS guidance of $0.660–0.700 and said Q1 sales should be above estimates — guidance is generally inline-to?slightly constructive but not a surprise. Read More.
• Negative Sentiment: CFO Edward Schlesinger sold 21,104 shares (~$2.2M), reducing his stake by ~28% — an insider sale that some investors interpret as a near?term bearish signal (or simply diversification). Read More.
• Negative Sentiment: After the spike to record highs on the Meta news and earnings, the stock has seen short?term profit?taking and a pullback noted by several outlets — likely the proximate cause of today’s decline. Read More.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GLW shares. Mizuho raised their price objective on shares of Corning from $97.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday. Zacks Research cut Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Oppenheimer set a $120.00 price target on Corning in a report on Thursday. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Finally, Barclays set a $100.00 target price on Corning in a research note on Thursday. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Corning has an average rating of “Moderate Buy” and an average target price of $110.91.

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.