TD Waterhouse Canada Inc. Purchases 19,710 Shares of Corning Incorporated $GLW

TD Waterhouse Canada Inc. raised its position in Corning Incorporated (NYSE:GLW) by 22.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,463 shares of the electronics maker’s stock after acquiring an additional 19,710 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Corning were worth $9,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GLW. Financial Management Professionals Inc. boosted its holdings in shares of Corning by 111.1% in the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after buying an additional 200 shares during the last quarter. RMG Wealth Management LLC increased its holdings in Corning by 125.0% during the third quarter. RMG Wealth Management LLC now owns 450 shares of the electronics maker’s stock valued at $38,000 after buying an additional 250 shares during the last quarter. Bayforest Capital Ltd bought a new position in Corning in the third quarter worth approximately $39,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Corning during the 3rd quarter worth $42,000. Finally, REAP Financial Group LLC grew its position in shares of Corning by 191.5% during the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 339 shares during the period. 69.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays set a $100.00 target price on Corning in a report on Thursday. JPMorgan Chase & Co. raised their price objective on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday. Mizuho boosted their price objective on Corning from $97.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday. UBS Group restated a “buy” rating and set a $109.00 target price (up previously from $100.00) on shares of Corning in a research note on Friday, November 21st. Finally, Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.91.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Large multiyear agreement with Meta (up to $6B) to accelerate U.S. data‑center buildout adds revenue visibility for Corning’s optical business and supports manufacturing expansion. Read More.
• Positive Sentiment: Q4 results beat: $0.72 EPS on $4.41B revenue (optical communications up sharply), and management raised the Springboard plan — fundamentals point to sustained Gen‑AI / data‑center demand. Read More.
• Positive Sentiment: Several brokers raised targets/ratings (Susquehanna to $125, Citi to $120, JPMorgan to $115), reflecting bullish analyst expectations and providing upside catalysts. Read More.
• Neutral Sentiment: Media and analysts highlight GLW as an AI/data‑center beneficiary (Zacks, Jim Cramer commentary urging holders to stay invested) — supportive narrative but already partly priced in after the recent run. Read More.
• Neutral Sentiment: Company issued Q1 2026 EPS guidance of $0.660–0.700 and said Q1 sales should be above estimates — guidance is generally inline-to‑slightly constructive but not a surprise. Read More.
• Negative Sentiment: CFO Edward Schlesinger sold 21,104 shares (~$2.2M), reducing his stake by ~28% — an insider sale that some investors interpret as a near‑term bearish signal (or simply diversification). Read More.
• Negative Sentiment: After the spike to record highs on the Meta news and earnings, the stock has seen short‑term profit‑taking and a pullback noted by several outlets — likely the proximate cause of today’s decline. Read More.

Corning Stock Down 1.3%

Shares of GLW opened at $102.97 on Friday. The business’s 50 day moving average is $89.46 and its 200 day moving average is $79.63. The company has a current ratio of 1.59, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $113.99. The company has a market capitalization of $88.29 billion, a PE ratio of 55.96, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13.

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 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 business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the firm posted $0.57 EPS. The company’s revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Research analysts expect that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Insider Transactions at Corning

In other Corning news, CFO Edward A. Schlesinger sold 21,104 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the sale, the chief financial officer owned 54,780 shares in the company, valued at $5,727,249. The trade was a 27.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.

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.