8,434,229 Shares in Corning Incorporated $GLW Bought by WCM Investment Management LLC

WCM Investment Management LLC bought a new stake in Corning Incorporated (NYSE:GLW) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 8,434,229 shares of the electronics maker’s stock, valued at approximately $676,931,000. Corning accounts for about 1.4% of WCM Investment Management LLC’s holdings, making the stock its 27th biggest holding. WCM Investment Management LLC owned about 0.98% of Corning at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted 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 purchasing an additional 1,582,895 shares during the last quarter. State Street Corp raised its holdings in shares of Corning by 1.4% during the 2nd quarter. State Street Corp now owns 36,568,973 shares of the electronics maker’s stock worth $1,923,162,000 after buying an additional 509,013 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Corning by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 19,443,525 shares of the electronics maker’s stock worth $1,018,629,000 after buying an additional 112,739 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Corning by 8.1% during the second quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock worth $724,432,000 after acquiring an additional 1,036,988 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Corning during the 2nd quarter valued at approximately $534,936,000. Institutional investors own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GLW shares. Weiss Ratings downgraded shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 27th. Mizuho upped their target price on Corning from $97.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday. Oppenheimer set a $120.00 price objective on Corning in a research note on Thursday. Wolfe Research set a $130.00 price target on shares of Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Finally, Susquehanna raised their target price on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.36.

Insider Buying and Selling at Corning

In related news, CFO Edward A. Schlesinger sold 21,104 shares of the business’s 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 transaction, the chief financial officer owned 54,780 shares in the company, valued at $5,727,249. The trade was a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric S. Musser sold 25,000 shares of Corning stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the completion of the sale, the insider directly owned 19,926 shares of the company’s stock, valued at approximately $2,191,860. This trade represents a 55.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 46,148 shares of company stock valued at $4,960,928 in the last quarter. 0.32% of the stock is currently owned by company insiders.

Corning Stock Performance

Shares of Corning stock opened at $110.32 on Tuesday. The business has a 50-day moving average price of $90.49 and a two-hundred day moving average price of $80.75. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $113.99. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The company has a market cap of $94.58 billion, a P/E ratio of 59.95, a PEG 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 company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous year, the business earned $0.57 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

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.