Community Bank N.A. Sells 25,864 Shares of Corning Incorporated $GLW

Community Bank N.A. decreased its stake in shares of Corning Incorporated (NYSE:GLW) by 28.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,054 shares of the electronics maker’s stock after selling 25,864 shares during the quarter. Community Bank N.A.’s holdings in Corning were worth $5,609,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GLW. World Investment Advisors lifted its stake in Corning by 9.0% in the 4th quarter. World Investment Advisors now owns 31,276 shares of the electronics maker’s stock worth $2,521,000 after purchasing an additional 2,587 shares in the last quarter. Provident Investment Management Inc. raised its holdings in shares of Corning by 10.7% during the 4th quarter. Provident Investment Management Inc. now owns 297,816 shares of the electronics maker’s stock worth $26,077,000 after acquiring an additional 28,810 shares in the last quarter. Meridian Wealth Management LLC grew its holdings in shares of Corning by 4.5% in the fourth quarter. Meridian Wealth Management LLC now owns 3,669 shares of the electronics maker’s stock valued at $321,000 after purchasing an additional 157 shares in the last quarter. HighPoint Advisor Group LLC raised its stake in Corning by 4.6% during the fourth quarter. HighPoint Advisor Group LLC now owns 22,701 shares of the electronics maker’s stock valued at $1,988,000 after purchasing an additional 998 shares in the last quarter. Finally, Win Advisors Inc. lifted its position in Corning by 119.9% during the fourth quarter. Win Advisors Inc. now owns 12,841 shares of the electronics maker’s stock valued at $1,124,000 after purchasing an additional 7,001 shares during the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning remains in focus as an AI data-center beneficiary, with articles highlighting strong demand for optical components, expanded U.S. manufacturing, and photonics growth plans tied to infrastructure spending. 3 Optical Component Giants in Focus on Massive AI Data Center Growth
• Positive Sentiment: Mizuho raised its price target on Corning and reiterated an outperform view, reinforcing expectations for further upside after the stock’s strong run.
• Positive Sentiment: Investor enthusiasm also increased around Corning’s recent AI momentum, including coverage noting a major Nvidia partnership and Bank of America’s addition of the stock to its “US 1 List.” Corning surges to record high: is the AI boom just beginning?
• Neutral Sentiment: Corning was also highlighted in a broader bullish piece on how to play the stock after its sharp year-to-date gain, but the article noted risks from competition and cyclical end markets. Corning Surges 137.4% Year to Date: How to Play the Stock
• Negative Sentiment: Three Corning executives disclosed stock sales on May 11, which can sometimes temper enthusiasm despite the broader bullish backdrop.

Corning Stock Down 4.4%

Shares of NYSE GLW opened at $198.23 on Wednesday. Corning Incorporated has a 52-week low of $46.77 and a 52-week high of $208.92. The firm has a market capitalization of $170.60 billion, a price-to-earnings ratio of 94.85, a PEG ratio of 2.97 and a beta of 1.14. The stock has a 50 day moving average price of $153.08 and a 200 day moving average price of $117.47. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the business posted $0.54 EPS. Corning’s quarterly revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts expect that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. Corning’s dividend payout ratio is 53.59%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Weiss Ratings raised shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Oppenheimer boosted their price objective on Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. Morgan Stanley set a $180.00 target price on Corning in a report on Friday. Finally, Wolfe Research set a $130.00 target price on Corning and gave the company an “outperform” rating in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $177.92.

Insider Buying and Selling at Corning

In other Corning news, SVP Michaune D. Tillman sold 3,260 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $207.02, for a total transaction of $674,885.20. Following the transaction, the senior vice president owned 10,174 shares of the company’s stock, valued at approximately $2,106,221.48. This trade represents a 24.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Soumya Seetharam sold 20,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the completion of the sale, the senior vice president owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. This represents a 43.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 172,305 shares of company stock valued at $28,353,207 in the last 90 days. Insiders own 0.25% of the company’s stock.

Corning 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.