Townsquare Capital LLC Sells 12,431 Shares of Corning Incorporated $GLW

Townsquare Capital LLC lessened its stake in shares of Corning Incorporated (NYSE:GLW) by 47.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,812 shares of the electronics maker’s stock after selling 12,431 shares during the period. Townsquare Capital LLC’s holdings in Corning were worth $1,133,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Hartline Investment Corp boosted its stake in shares of Corning by 113.2% in the 3rd quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock valued at $24,229,000 after purchasing an additional 156,843 shares during the last quarter. Vanguard Group Inc. raised its stake in 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 last quarter. 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 valued at $28,736,000 after buying an additional 472,365 shares during the period. Motley Fool Asset Management LLC boosted its position in Corning by 10.5% during the second quarter. Motley Fool Asset Management LLC now owns 44,037 shares of the electronics maker’s stock valued at $2,316,000 after acquiring an additional 4,183 shares during the last quarter. Finally, Jefferies Financial Group Inc. grew its holdings in Corning by 33.2% during the 2nd quarter. Jefferies Financial Group Inc. now owns 180,606 shares of the electronics maker’s stock worth $9,498,000 after acquiring an additional 44,994 shares during the period. 69.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Corning news, CFO Edward A. Schlesinger sold 21,104 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. This trade represents a 27.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Corning Price Performance

Shares of GLW opened at $103.22 on Friday. The business’s fifty day moving average is $89.93 and its 200 day moving average is $79.97. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $113.99. The company has a quick ratio of 1.00, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The stock has a market cap of $88.50 billion, a P/E ratio of 56.10, a P/E/G ratio of 1.78 and a beta of 1.13.

Corning (NYSE:GLW) last announced its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the business posted $0.57 EPS. Corning’s quarterly revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Sell-side analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Multiyear Meta agreement (up to $6 billion) boosts revenue visibility for Corning’s optical/data?center business and underpins planned U.S. manufacturing expansion — a major structural catalyst for demand tied to AI data?center builds. Can Corning’s Multi-Year AI-Focused Deal With Meta Boost Its Shares?
• Positive Sentiment: Q4 beat and constructive guidance: Corning topped estimates on revenue and EPS, reported strong optical communications growth, and set Q1 EPS guidance that implies continued strength — supports the thesis Corning is an AI/data?center beneficiary. GLW Q4 earnings beat estimates on strength in optical communication
• Positive Sentiment: Analyst upgrades/target raises (Susquehanna, Citi and others) pushed upside expectations and provided fresh buy?side ammunition after the earnings/Meta news. These broker actions can sustain buying momentum. GLW price target raised by Susquehanna
• Neutral Sentiment: Positive media/analyst narrative (Zacks, Jim Cramer, others) is reinforcing investor interest in GLW as an AI/momentum trade — helpful context but much of this is now reflected in the rally. Why Corning (GLW) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Company guidance (Q1 EPS range) was generally inline-to-slightly constructive — supportive but not a surprise after the Meta deal and Q4 beat. Corning forecasts first-quarter sales above estimates
• Negative Sentiment: Large insider sale by CFO Edward Schlesinger (21,104 shares, ~ $2.2M) — a sizeable reduction in his stake that some investors view as a near?term bearish signal (though insiders sell for many reasons). Edward Schlesinger Sells 21,104 Shares of Corning
• Negative Sentiment: Smaller insider sale by SVP Michelle Gullo and broader post?announcement profit?taking after the stock ran to record highs — explains short?term pullback/liquidity-driven selling. Form 4 – Michelle L. Gullo
• Negative Sentiment: Coverage noting the stock “slips” after earnings/guidance updates — signals short?term volatility as traders lock in gains; could keep pressure until momentum stabilizes. Corning slips after Q4 results, guidance updates Springboard plan

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GLW. Wolfe Research set a $130.00 price objective on Corning and gave the company an “outperform” rating in a research note on Tuesday. Barclays set a $100.00 target price on Corning in a report on Thursday. Susquehanna boosted their price target on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research note on Thursday. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, Mizuho lifted their price objective on shares of Corning from $97.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.36.

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.