Stonebridge Capital Advisors LLC Reduces Holdings in Corning Incorporated $GLW

Stonebridge Capital Advisors LLC reduced its position in Corning Incorporated (NYSE:GLW) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 286,632 shares of the electronics maker’s stock after selling 3,484 shares during the quarter. Corning comprises approximately 1.7% of Stonebridge Capital Advisors LLC’s investment portfolio, making the stock its 16th largest position. Stonebridge Capital Advisors LLC’s holdings in Corning were worth $23,512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLW. Strengthening Families & Communities LLC purchased a new position in shares of Corning in the third quarter worth about $27,000. Total Investment Management Inc. purchased a new stake in Corning during the 2nd quarter valued at about $28,000. Cornerstone Planning Group LLC raised its holdings in Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 124 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in 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 purchasing an additional 200 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Corning in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Activity at Corning

In related news, CFO Edward A. Schlesinger sold 21,104 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the transaction, the chief financial officer owned 54,780 shares in the company, valued at $5,727,249. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Wendell P. Weeks sold 137,514 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the transaction, the chief executive officer owned 750,585 shares in the company, valued at approximately $116,618,391.45. This trade represents a 15.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 233,201 shares of company stock valued at $32,614,558. Corporate insiders own 0.40% of the company’s stock.

Corning Trading Down 1.9%

GLW opened at $144.82 on Thursday. The business has a fifty day moving average price of $111.93 and a 200 day moving average price of $92.11. 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 $162.10. The stock has a market capitalization of $124.25 billion, a price-to-earnings ratio of 78.71, a PEG ratio of 2.55 and a beta of 1.05.

Corning (NYSE:GLW) last posted its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Sell-side analysts expect that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio is currently 60.87%.

Analyst Upgrades and Downgrades

GLW has been the subject of a number of analyst reports. Oppenheimer set a $120.00 price target on Corning in a research report on Thursday, January 29th. JPMorgan Chase & Co. raised their target price on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Citigroup boosted their price target on shares of Corning from $120.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Barclays set a $100.00 price objective on shares of Corning in a research report on Thursday, January 29th. Finally, Fox Advisors cut shares of Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $125.42.

About Corning

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.