Corning Incorporated $GLW Shares Sold by SG Capital Management LLC

SG Capital Management LLC lowered its holdings in Corning Incorporated (NYSE:GLW) by 27.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 498,061 shares of the electronics maker’s stock after selling 184,401 shares during the quarter. Corning accounts for 3.6% of SG Capital Management LLC’s holdings, making the stock its 6th biggest position. SG Capital Management LLC owned approximately 0.06% of Corning worth $40,856,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Corning by 0.8% during the third quarter. Vanguard Group Inc. now owns 98,702,639 shares of the electronics maker’s stock valued at $8,096,577,000 after acquiring an additional 750,530 shares in the last quarter. State Street Corp increased 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 valued at $1,923,162,000 after purchasing an additional 509,013 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Corning by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 19,443,525 shares of the electronics maker’s stock valued at $1,018,629,000 after purchasing an additional 112,739 shares during the period. Ameriprise Financial Inc. boosted its holdings 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 buying an additional 1,036,988 shares in the last quarter. Finally, Norges Bank purchased a new stake in Corning during the second quarter worth $534,936,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Susquehanna upped their price objective on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. lifted their price target on Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. UBS Group reissued a “buy” rating and issued a $125.00 price objective on shares of Corning in a report on Friday, January 30th. Finally, Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.25.

Insider Buying and Selling

In related news, SVP Li Fang sold 9,797 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total transaction of $1,112,057.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Avery H. Nelson III sold 1,583 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $128.74, for a total transaction of $203,795.42. Following the completion of the transaction, the chief operating officer owned 59,788 shares in the company, valued at $7,697,107.12. The trade was a 2.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 95,687 shares of company stock worth $11,249,008 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

Corning Stock Performance

NYSE:GLW opened at $132.25 on Thursday. The company has a market cap of $113.46 billion, a P/E ratio of 71.88, a P/E/G ratio of 2.26 and a beta of 1.13. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $136.82. The company’s 50-day moving average price is $100.12 and its 200-day moving average price is $86.32. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the firm earned $0.57 EPS. Corning’s quarterly revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, sell-side analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. Corning’s payout ratio is 60.87%.

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.