Corning Incorporated $GLW Stake Cut by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lessened its holdings in Corning Incorporated (NYSE:GLW) by 29.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,595 shares of the electronics maker’s stock after selling 47,081 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Corning were worth $9,072,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GLW. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Corning in the 3rd quarter worth about $25,000. Strengthening Families & Communities LLC bought a new stake in shares of Corning during the 3rd quarter valued at about $27,000. Cornerstone Planning Group LLC grew its position in shares of Corning by 58.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after buying an additional 124 shares during the last quarter. Financial Management Professionals Inc. raised its stake in Corning by 111.1% during the third 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, JPL Wealth Management LLC bought a new position in Corning in the third quarter worth about $33,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning Stock Performance

Shares of GLW stock opened at $129.74 on Thursday. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $162.10. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The firm has a market capitalization of $111.31 billion, a price-to-earnings ratio of 70.51, a price-to-earnings-growth ratio of 2.05 and a beta of 1.05. The business has a 50 day simple moving average of $120.26 and a 200 day simple moving average of $96.60.

Corning (NYSE:GLW) last announced its earnings results 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. Corning had a return on equity of 18.72% and a net margin of 10.21%.The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities research analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio is currently 60.87%.

Analyst Ratings Changes

A number of equities analysts have commented on GLW shares. Mizuho set a $145.00 target price on Corning in a research note on Monday, February 23rd. Morgan Stanley boosted their price objective on Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Bank of America raised their target price on Corning from $120.00 to $144.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corning has a consensus rating of “Moderate Buy” and an average price target of $131.75.

Insider Activity

In related news, EVP Lewis A. Steverson sold 15,366 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the transaction, the executive vice president owned 3,461 shares in the company, valued at $450,691.42. This trade represents a 81.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric S. Musser sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $110.00, for a total value of $2,750,000.00. Following the sale, the insider directly owned 19,926 shares in the company, valued at approximately $2,191,860. The trade was a 55.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 233,201 shares of company stock worth $32,614,558 in the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

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.