Convergence Investment Partners LLC Sells 5,014 Shares of Corning Incorporated $GLW

Convergence Investment Partners LLC cut its stake in shares of Corning Incorporated (NYSE:GLW) by 20.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,777 shares of the electronics maker’s stock after selling 5,014 shares during the period. Convergence Investment Partners LLC’s holdings in Corning were worth $1,622,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after purchasing an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. bought a new stake in Corning during the first quarter valued at $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Corning by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after buying an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Corning in the 2nd quarter worth about $401,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Corning by 9.9% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,391 shares of the electronics maker’s stock valued at $4,648,000 after acquiring an additional 7,953 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GLW has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on Corning from $98.00 to $103.00 and gave the stock an “equal weight” rating in a report on Thursday. Wolfe Research set a $130.00 price target on shares of Corning and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Mizuho raised their price objective on shares of Corning from $97.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday. Weiss Ratings lowered shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 27th. Finally, Argus raised their price target on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $112.36.

Insiders Place Their Bets

In other Corning news, CFO Edward A. Schlesinger sold 21,104 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the sale, the chief financial officer owned 54,780 shares in the company, valued at approximately $5,727,249. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.32% of the company’s stock.

Corning Stock Performance

Corning stock opened at $103.22 on Monday. The firm has a fifty day simple moving average of $89.93 and a two-hundred day simple moving average of $80.36. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $113.99. The company has a market capitalization of $88.50 billion, a PE ratio of 56.10, a P/E/G ratio of 1.79 and a beta of 1.13.

Corning (NYSE:GLW) last announced its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period last year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Research analysts expect that Corning Incorporated will post 2.33 EPS for the current year.

Trending Headlines about 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

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.