Corning (NYSE:GLW) CFO Edward Schlesinger Sells 21,104 Shares

Corning Incorporated (NYSE:GLW) CFO Edward Schlesinger sold 21,104 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 54,780 shares of the company’s stock, valued at approximately $5,727,249. This trade represents a 27.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Corning Price Performance

Shares of GLW stock traded down $1.31 during trading hours on Thursday, hitting $102.97. 11,659,740 shares of the company’s stock were exchanged, compared to its average volume of 7,507,581. The firm has a market cap of $88.29 billion, a P/E ratio of 65.17, a P/E/G ratio of 1.93 and a beta of 1.13. The firm has a 50 day moving average of $88.96 and a two-hundred day moving average of $79.46. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $113.99.

Corning (NYSE:GLW) last released 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 firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. Corning had a net margin of 9.16% and a return on equity of 18.12%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Sell-side analysts forecast that Corning Incorporated will post 2.33 EPS for the current year.

Analyst Upgrades and Downgrades

GLW has been the topic of a number of research reports. Citigroup raised their target price on shares of Corning from $102.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays set a $100.00 price objective on Corning in a research note on Thursday. Weiss Ratings downgraded Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday. Finally, Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $106.67.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Multiyear, up-to-$6 billion agreement with Meta to accelerate U.S. data-center buildout—this is a large, multi-year demand backlog for Corning’s fiber products and a core driver of the stock’s recent rally. Corning and Meta announce multiyear, up to $6bln agreement
• Positive Sentiment: Q4 2025 results beat estimates: EPS $0.72 vs. $0.71 est. and revenue $4.41B vs. $4.35B est.; Optical Communications surged, supporting margins and revenue growth—evidence of Gen?AI/data-center driven demand. GLW Q4 Earnings Beat
• Positive Sentiment: Company upgraded its Springboard plan and reported record 2025 results (core sales and EPS growth), signaling management sees a stronger structural growth runway. Business Wire: Corning Announces Outstanding 2025 Financial Results
• Positive Sentiment: Several brokerages raised targets/ratings (Susquehanna to $125, Citi to $120, JPMorgan to $115), highlighting upside and reinforcing institutional bullishness after the Meta win and earnings beat. Price target raises coverage
• Neutral Sentiment: Q1 2026 guidance: EPS $0.66–0.70 and revenue roughly in-line with consensus—supports continued growth but leaves limited surprise upside in the near term. Reuters: Corning forecasts Q1 sales above estimates
• Neutral Sentiment: Analyst and media pieces position GLW as an AI/data-center beneficiary and high-ROE pick—positive medium-term thesis but already priced into recent gains. Zacks: Buy Corning as AI beneficiary
• Negative Sentiment: After a sharp run (16% pop to new highs on the Meta news), the stock experienced profit-taking and a pullback; some headlines note the stock “slipped” after Q4/guidance updates—short-term volatility risk. Seeking Alpha: Corning slips after Q4 results
• Negative Sentiment: Trading volume is elevated versus average, suggesting heavier selling pressure today as some investors lock in gains despite constructive fundamentals. MarketBeat GLW quote

Hedge Funds Weigh In On Corning

Institutional investors have recently bought and sold shares of the company. Capital Research Global Investors acquired a new position in shares of Corning in the third quarter valued at approximately $907,164,000. Norges Bank acquired a new position in shares of Corning in the second quarter worth $534,936,000. WCM Investment Management LLC acquired a new position in shares of Corning in the third quarter worth $676,931,000. Wellington Management Group LLP increased its position in shares of Corning by 30.3% during the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock worth $1,358,211,000 after acquiring an additional 3,848,540 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of Corning by 748.0% in the third quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock valued at $260,014,000 after acquiring an additional 2,795,948 shares in the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds.

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.