Corning Incorporated $GLW Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of Corning Incorporated (NYSE:GLW) by 4.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,807,173 shares of the electronics maker’s stock after selling 302,292 shares during the quarter. Bank of New York Mellon Corp’s holdings in Corning were worth $476,362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Financial Management Professionals Inc. grew its holdings in 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 acquiring an additional 200 shares in the last quarter. RMG Wealth Management LLC raised its stake in shares of Corning by 125.0% in the 3rd quarter. RMG Wealth Management LLC now owns 450 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. Bayforest Capital Ltd bought a new position in shares of Corning during the third quarter worth about $39,000. Steigerwald Gordon & Koch Inc. acquired a new position in Corning in the third quarter worth about $42,000. Finally, REAP Financial Group LLC increased its holdings in Corning by 191.5% in the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock valued at $27,000 after buying an additional 339 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Oppenheimer set a $100.00 price objective on Corning and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Citigroup boosted their target price on shares of Corning from $99.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Weiss Ratings downgraded shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Susquehanna lifted their price target on shares of Corning from $75.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $97.67.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Major multiyear deal: Meta agreed to pay up to $6 billion for Corning fiber‑optic cable to support AI data centers — a high‑visibility contract that underpins future revenue growth. Meta Enters Up to $6 Billion Data-Center Fiber-Optic Cable Deal With Corning
• Positive Sentiment: Q4 beat and strong end‑market demand: Corning reported $0.72 EPS on $4.41B revenue, beating estimates as Optical Communications surged ~24% on Gen‑AI and hyperscaler demand. GLW Q4 Earnings Beat Estimates on Strength in Optical Communication
• Positive Sentiment: Analyst upgrade/target lift: JPMorgan raised its price target to $115 and moved to overweight, providing an institutional endorsement of upside. Benzinga
• Neutral Sentiment: Guidance roughly in line: Corning set Q1 EPS guidance of $0.660–0.700 (consensus ~0.670) and revenue guidance near expectations, which supports the outlook but didn’t materially exceed Street hopes. Corning Press Release / Slide Deck
• Positive Sentiment: Management outlook and company release: Corning described record 2025 results and an upgraded Springboard plan for faster sales growth, reinforcing the long‑term story. Business Wire: Corning Announces Outstanding 2025 Financial Results
• Negative Sentiment: Profit‑taking after a big rally: After a ~16% jump and a new 52‑week high on the Meta news, several outlets reported an immediate pullback and heavy selling as traders locked in gains. Corning Stock Hits Record High on Meta Platforms Deal
• Negative Sentiment: Market reaction mixed despite beats: Some coverage notes shares slid from record highs following the earnings release — suggesting investors expected larger upside or are rotating out. Glassmaker Clears Q4 Views Following $6 Billion Meta Deal
• Negative Sentiment: Momentum/valuation watch: After the rapid run and elevated valuation metrics, some traders and commentators urged caution and suggested waiting for a pullback before buying. Jim Cramer on Corning

Insider Buying and Selling

In other news, EVP Lewis A. Steverson sold 23,142 shares of Corning stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $89.05, for a total transaction of $2,060,795.10. Following the sale, the executive vice president owned 17,575 shares of the company’s stock, valued at approximately $1,565,053.75. The trade was a 56.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Edward A. Schlesinger sold 20,893 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $91.25, for a total value of $1,906,486.25. Following the completion of the transaction, the chief financial officer directly owned 66,959 shares of the company’s stock, valued at $6,110,008.75. This trade represents a 23.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.32% of the company’s stock.

Corning Stock Performance

Shares of GLW opened at $104.48 on Thursday. The firm has a fifty day moving average of $88.96 and a 200-day moving average of $79.46. The company has a market cap of $89.58 billion, a price-to-earnings ratio of 66.13, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.56. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $113.99.

Corning (NYSE:GLW) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. Corning had a net margin of 9.16% and a return on equity of 18.12%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, equities analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current 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.