Green Alpha Advisors LLC Trims Holdings in Corning Incorporated $GLW

Green Alpha Advisors LLC lessened its holdings in Corning Incorporated (NYSE:GLW) by 23.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,147 shares of the electronics maker’s stock after selling 6,089 shares during the quarter. Corning accounts for 2.1% of Green Alpha Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Green Alpha Advisors LLC’s holdings in Corning were worth $3,098,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GLW. Alliance Wealth Advisors LLC lifted its stake in shares of Corning by 1.4% in the 2nd quarter. Alliance Wealth Advisors LLC now owns 4,045 shares of the electronics maker’s stock valued at $1,033,000 after acquiring an additional 56 shares during the last quarter. Ares Financial Consulting LLC increased its stake in Corning by 15.6% in the 2nd quarter. Ares Financial Consulting LLC now owns 444 shares of the electronics maker’s stock worth $113,000 after purchasing an additional 60 shares during the period. Signature Equity Partners LLC lifted its position in Corning by 19.3% in the first quarter. Signature Equity Partners LLC now owns 383 shares of the electronics maker’s stock valued at $52,000 after purchasing an additional 62 shares during the last quarter. Beirne Wealth Consulting Services LLC boosted its stake in shares of Corning by 0.8% during the first quarter. Beirne Wealth Consulting Services LLC now owns 8,045 shares of the electronics maker’s stock valued at $1,094,000 after purchasing an additional 64 shares during the period. Finally, Balefire LLC boosted its stake in shares of Corning by 0.7% during the first quarter. Balefire LLC now owns 9,595 shares of the electronics maker’s stock valued at $1,305,000 after purchasing an additional 65 shares during the period. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the sale, the executive vice president owned 15,052 shares in the company, valued at $2,277,217.08. This represents a 46.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate 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: 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 Stock Down 6.4%

Shares of Corning stock traded down $10.44 during trading on Thursday, hitting $152.81. The company’s stock had a trading volume of 9,024,085 shares, compared to its average volume of 12,072,288. 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 PE ratio of 69.78, a P/E/G ratio of 2.15 and a beta of 1.13. The company has a fifty day simple moving average of $155.41 and a two-hundred day simple 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 (NYSE:GLW) last announced its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Corning had a net margin of 11.20% and a return on equity of 20.09%. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. The business’s revenue was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Equities research analysts predict that Corning Incorporated will post 3.28 earnings per share for the current year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, November 13th. Corning’s dividend payout ratio is currently 51.14%.

Analyst Ratings Changes

A number of research firms recently commented on GLW. Truist Financial upped their price target on shares of Corning from $175.00 to $182.00 and gave the company a “buy” rating in a report on Friday, October 2nd. UBS Group increased their target price on shares of Corning from $196.00 to $201.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley cut their price objective on Corning from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Oppenheimer dropped their price target on Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Finally, China Renaissance raised shares of Corning from a “hold” rating to a “buy” rating and set a $238.00 price objective on the stock in a research report on Tuesday, September 8th. Twelve investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $174.87.

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.