Corning Incorporated $GLW Shares Sold by Columbia Asset Management

Columbia Asset Management decreased its position in shares of Corning Incorporated (NYSE:GLW) by 15.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,701 shares of the electronics maker’s stock after selling 6,830 shares during the quarter. Columbia Asset Management’s holdings in Corning were worth $3,011,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. REAP Financial Group LLC grew its position in Corning by 191.5% in the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 339 shares during the period. Total Investment Management Inc. purchased a new position in shares of Corning during the 2nd quarter worth $28,000. Financial Management Professionals Inc. increased its position in shares of Corning by 111.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in Corning in the 2nd quarter valued at about $36,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Corning in the second quarter valued at about $38,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

More Corning News

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GLW. Argus lifted their price target on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Susquehanna boosted their target price on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research report on Thursday. Oppenheimer set a $120.00 price target on Corning in a research report on Thursday. Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their target price on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $112.36.

Insider Buying and Selling at Corning

In other news, CFO Edward A. Schlesinger sold 21,104 shares of Corning 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 completion of the sale, the chief financial officer directly owned 54,780 shares of the company’s stock, valued at approximately $5,727,249. The trade was a 27.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Corning Price Performance

Shares of NYSE GLW opened at $103.22 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.00. The company has a market cap of $88.50 billion, a price-to-earnings ratio of 56.10, a price-to-earnings-growth ratio of 1.78 and a beta of 1.13. The stock’s 50-day moving average is $89.93 and its two-hundred day moving average is $79.97. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $113.99.

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 the consensus estimate of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the business posted $0.57 EPS. The business’s quarterly 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. Analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

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.