Green Alpha Advisors LLC Lowers Position in Corning Incorporated $GLW

Green Alpha Advisors LLC lowered its stake in shares of Corning Incorporated (NYSE:GLW) by 23.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,147 shares of the electronics maker’s stock after selling 6,089 shares during the quarter. Corning makes up approximately 2.1% of Green Alpha Advisors LLC’s portfolio, making the stock its 12th largest holding. Green Alpha Advisors LLC’s holdings in Corning were worth $3,098,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. State Street Corp raised its stake in shares of Corning by 13.4% in the second quarter. State Street Corp now owns 41,108,384 shares of the electronics maker’s stock valued at $10,500,315,000 after buying an additional 4,845,027 shares during the period. Bank of America Corp DE grew its stake in shares of Corning by 29.2% during the 2nd quarter. Bank of America Corp DE now owns 18,730,616 shares of the electronics maker’s stock worth $4,784,361,000 after acquiring an additional 4,231,507 shares during the period. Wellington Management Group LLP increased its holdings in Corning by 50.9% in the 2nd quarter. Wellington Management Group LLP now owns 13,174,194 shares of the electronics maker’s stock worth $3,365,084,000 after acquiring an additional 4,446,514 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Corning in the 2nd quarter valued at about $1,510,911,000. Finally, Legal & General Group Plc purchased a new stake in Corning during the second quarter valued at about $1,212,283,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on GLW. Bank of America increased their target price on shares of Corning from $223.00 to $243.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Mizuho cut their price objective on shares of Corning from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, September 15th. Weiss Ratings cut shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Barclays dropped their target price on Corning from $180.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Finally, Wall Street Zen cut Corning from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. Twelve equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.87.

Corning Price Performance

NYSE GLW traded down $10.44 on Thursday, hitting $152.81. The stock had a trading volume of 9,024,085 shares, compared to its average volume of 12,072,288. The firm has a 50-day moving average of $155.41 and a 200-day moving average of $168.64. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. Corning Incorporated has a 52-week low of $77.39 and a 52-week high of $271.78. The company has a market capitalization of $131.63 billion, a price-to-earnings ratio of 69.78, a price-to-earnings-growth ratio of 2.15 and a beta of 1.13.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Equities analysts expect that Corning Incorporated will post 3.28 EPS for the current year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 13th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, November 13th. Corning’s dividend payout ratio (DPR) is currently 51.14%.

Insider Buying and Selling

In other news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $151.29, for a total value of $1,981,899.00. Following the transaction, the executive vice president owned 15,052 shares of the company’s stock, valued at $2,277,217.08. This represents a 46.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is currently owned by corporate insiders.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: AI networking demand remains the key growth driver. Zacks identified Corning as a potential beneficiary of accelerating AI infrastructure spending, citing demand for optical-fiber and communications components, growing backlogs and additional upside potential. Buy GLW and CIEN to Gain More on AI Communication Component Space Rally
• Positive Sentiment: Analyst sentiment improved. Truist raised its price target for GLW from $175 to $182, signaling continued confidence in Corning’s growth outlook. Truist Raises Target for Corning Stock
• Positive Sentiment: Expansion plans reinforce the long-term supply opportunity. Coverage highlighted Corning’s plan to increase U.S. optical-fiber capacity by more than 50%, alongside a reported $2 billion investment, as the company positions itself to serve data-center demand. Corning Optical-Fiber Capacity Expansion Analysis
• Neutral Sentiment: Corning declared its regular quarterly dividend of $0.28 per share. The payment is scheduled for December 11, 2026, representing a $1.12 annualized dividend and approximately a 0.7% yield. The payout supports shareholder returns but is unlikely to be a major catalyst given the low yield. Corning Announces Quarterly Dividend
• Negative Sentiment: Pomerantz LLP is investigating potential claims on behalf of Corning investors. Although no allegations or outcome were provided, the announcement introduces legal and reputational uncertainty that can pressure the stock in the near term. Pomerantz Investor Investigation
• Negative Sentiment: Valuation remains a concern after a significant rally. Zacks noted that GLW’s AI-driven optical growth, data-center deals and solar-sales momentum are improving its outlook, but elevated valuation and potential profit risks could limit further gains. Corning Surges 93 Percent Year to Date

Corning Profile

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.