Corning Incorporated $GLW Stock Holdings Lowered by Investment House LLC

Investment House LLC cut its holdings in Corning Incorporated (NYSE:GLW) by 45.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,730 shares of the electronics maker’s stock after selling 20,235 shares during the quarter. Investment House LLC’s holdings in Corning were worth $3,802,000 as of its most recent SEC filing.

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

Insider Transactions at Corning

In other Corning news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the sale, the executive vice president directly owned 15,052 shares in the company, valued at approximately $2,277,217.08. This trade represents a 46.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning’s exposure to AI infrastructure remains a supportive long-term theme. Demand for optical fiber and data-center connectivity has helped drive substantial gains in recent years, although investors are increasingly focused on whether future cash flow can justify the valuation. Corning GLW Stock Could Be 31% Below Fair Value As AI Fiber Demand Builds
• Positive Sentiment: Corning shares briefly showed strength in early trading on the Lang & Schwarz platform, indicating some demand after the recent selloff. This move does not change the broader concerns about valuation or estimates. Corning Stock at Lang and Schwarz
• Neutral Sentiment: Wall Street is examining revenue, earnings and operating metrics ahead of Corning’s quarter ended September 2026. The estimates could influence the stock’s next major move, but the articles do not report actual quarterly results. Unlocking Q3 Potential of Corning
• Negative Sentiment: JPMorgan lowered its price target for GLW to $165 from $170 and maintained a “neutral” rating. While the revised target implies substantial upside based on the cited reference price, the cut signals reduced confidence in near-term upside and contributed to selling pressure. JPMorgan Cuts Corning Target to USD 165
• Negative Sentiment: A valuation analysis suggested Corning could be about 31% below fair value, despite strong AI-driven growth. After a sharp multiyear rally, investors may be taking profits and demanding stronger evidence that earnings and cash generation can support the current valuation. Corning Stock Could Be Below Fair Value
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Corning investors. Although no findings or liability were reported, the announcement adds legal and reputational uncertainty. Pomerantz Investor Alert

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays dropped their price target 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. JPMorgan Chase & Co. lowered their price objective on Corning from $170.00 to $165.00 and set a “neutral” rating for the company in a research note on Wednesday. Weiss Ratings downgraded Corning from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. China Renaissance raised Corning from a “hold” rating to a “buy” rating and set a $238.00 target price on the stock in a report on Tuesday, September 8th. Finally, Citigroup cut their target price on Corning from $240.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Corning currently has an average rating of “Moderate Buy” and a consensus price target of $177.25.

Corning Trading Down 8.3%

Shares of NYSE GLW opened at $123.79 on Friday. The firm’s 50 day moving average price is $151.80 and its 200-day moving average price is $168.59. The company has a market cap of $106.63 billion, a PE ratio of 47.01, a P/E/G ratio of 1.70 and a beta of 1.13. Corning Incorporated has a 52-week low of $77.39 and a 52-week high of $271.78. 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 (NYSE:GLW) last posted 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 for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, equities research analysts expect that Corning Incorporated will post 3.29 EPS for the current fiscal year.

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 13th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.12 annualized dividend and a yield of 0.9%. Corning’s dividend payout ratio is 51.14%.

Corning Profile

Corning Incorporated (NYSE: GLW) is a technology company that develops and manufactures specialty glass, ceramics and optical-fiber products. Its materials and engineering expertise support communications networks, consumer electronics, automotive systems, life sciences and other industrial applications.

The company’s products include optical fiber, cable and connectivity solutions used in telecommunications infrastructure; glass substrates for televisions, computer monitors and other displays; durable cover glass for mobile devices; emissions-control components for vehicles; laboratory glassware and consumables; and specialized glass and ceramic materials for scientific, industrial and semiconductor applications.

Founded in 1851 and headquartered in Corning, New York, the company serves customers through operations and facilities across North America, Europe, Asia and other international markets.