Corning Incorporated $GLW Shares Sold by Parkside Investments LLC

Parkside Investments LLC reduced its stake in Corning Incorporated (NYSE:GLW) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 106,122 shares of the electronics maker’s stock after selling 12,896 shares during the quarter. Corning accounts for 1.1% of Parkside Investments LLC’s investment portfolio, making the stock its 27th biggest holding. Parkside Investments LLC’s holdings in Corning were worth $8,705,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Strengthening Families & Communities LLC acquired a new stake in shares of Corning during the third quarter worth $27,000. Total Investment Management Inc. purchased a new position in Corning during the 2nd quarter worth $28,000. Cornerstone Planning Group LLC raised its position in Corning by 58.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after buying an additional 124 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in shares of Corning by 111.1% in 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 during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Corning in the second quarter valued at about $36,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insider Buying and Selling at Corning

In related news, COO Avery H. Nelson III sold 6,262 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $129.79, for a total value of $812,744.98. Following the sale, the chief operating officer directly owned 61,371 shares in the company, valued at $7,965,342.09. The trade was a 9.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the completion of the sale, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. The trade was a 27.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 95,687 shares of company stock worth $11,249,008. Insiders own 0.32% of the company’s stock.

Corning Price Performance

Shares of NYSE:GLW opened at $151.39 on Wednesday. The business’s 50 day simple moving average is $104.26 and its 200-day simple moving average is $88.65. The firm has a market capitalization of $129.89 billion, a price-to-earnings ratio of 82.28, a price-to-earnings-growth ratio of 2.52 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $152.91.

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, beating the consensus estimate of $0.71 by $0.01. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.Corning’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, equities analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a $0.28 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. Corning’s dividend payout ratio (DPR) is currently 60.87%.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Major commercial win: Corning announced a multi‑year supply agreement with Meta potentially worth up to $6 billion, validating its role as a critical supplier for AI data‑center fiber demand. From Glass Maker to AI Kingmaker: Corning’s Pivot
• Positive Sentiment: Operational leverage & growth roadmap: Optical Communications posted record growth (segment sales and net income up y/y) and management raised Springboard targets — now aiming for $11B incremental annualized sales by 2028 (up from $8B) and $6.5B by end‑2026 — improving margin and cash‑flow outlook. From Glass Maker to AI Kingmaker: Corning’s Pivot
• Positive Sentiment: Unusually large bullish options activity: Traders bought ~50,325 call options (about +99% vs. typical volume), signaling speculative or institutional conviction in further upside. Stock Traders Purchase High Volume of Call Options on Corning (NYSE:GLW)
• Positive Sentiment: Analyst support: At least one firm boosted GLW’s price target to $160, reflecting raised expectations for revenue and margin expansion tied to AI‑related demand. Corning (NYSE:GLW) Price Target Raised to $160.00
• Positive Sentiment: Sector momentum: Reports attribute gains to hyperscaler / data‑center spending optimism, reinforcing the view that densification will boost fiber demand for years. Corning stock gains on hyperscaler spending optimism
• Neutral Sentiment: Strong price momentum: GLW has posted large short‑term returns (recent 30‑day and YTD gains), attracting attention from momentum investors — this helps liquidity but raises volatility risk. Corning (GLW) Valuation Check After Strong Multi‑Period Share Price Momentum
• Negative Sentiment: Rich valuation: The stock now trades at a materially higher P/E multiple than historical averages (market pricing assumes flawless execution of Springboard and sustained hyperscaler demand), so any execution misstep or slowdown could prompt a sharp re‑rating. From Glass Maker to AI Kingmaker: Corning’s Pivot

Wall Street Analyst Weigh In

GLW has been the subject of several analyst reports. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Zacks Research cut Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. HSBC reissued a “buy” rating and set a $135.00 target price on shares of Corning in a research note on Friday, February 13th. Mizuho set a $145.00 price target on Corning in a research note on Monday. Finally, Wolfe Research set a $130.00 price objective on Corning and gave the stock an “outperform” rating in a report on Tuesday, January 27th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Corning has a consensus rating of “Moderate Buy” and an average target price of $121.25.

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.