TD Asset Management Inc Acquires 1,203,822 Shares of Corning Incorporated $GLW

TD Asset Management Inc raised its stake in shares of Corning Incorporated (NYSE:GLW) by 165.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,933,156 shares of the electronics maker’s stock after buying an additional 1,203,822 shares during the quarter. TD Asset Management Inc owned about 0.23% of Corning worth $158,577,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Strengthening Families & Communities LLC purchased a new position in shares of Corning in the 3rd quarter worth about $27,000. Total Investment Management Inc. bought 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 third 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 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 in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Corning during the second quarter valued at approximately $36,000. 69.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Susquehanna boosted their price objective on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. boosted their price target on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Argus lifted their price objective on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, HSBC restated a “buy” rating and set a $135.00 target price on shares of Corning in a research note on Friday, February 13th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.42.

Insider Buying and Selling

In related news, SVP Li Fang sold 9,797 shares of Corning stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total transaction of $1,112,057.47. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eric S. Musser sold 25,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were 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 of the company’s stock, valued at $2,191,860. This represents a 55.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 95,687 shares of company stock worth $11,249,008 in the last quarter. Company insiders own 0.40% of the company’s stock.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Major AI/data‑center demand and a large Meta agreement underpin the re‑rating of Corning as an AI infrastructure supplier — the narrative shift from “glass maker” to critical optical‑fiber provider (densification of GPU clusters drives outsized fiber demand). What’s Behind Corning Stock’s 200% Rally?
• Positive Sentiment: Analyst upgrades and price‑target increases are boosting buying momentum — Citigroup raised its target to $170 and several outlets reported upgrades that coincide with intraday strength. Corning (NYSE:GLW) Trading 4% Higher After Analyst Upgrade
• Positive Sentiment: Unusually large call‑option volume (roughly double typical daily call activity) points to heightened bullish positioning from traders and possibly institutions, which can amplify short‑term upside. Stock Traders Purchase High Volume of Call Options on Corning (NYSE:GLW)
• Neutral Sentiment: Strong quarterly results, Springboard margin leverage and upgraded multi‑year sales targets underpin the longer‑term bull thesis, but these are execution‑dependent (management has raised targets and early results show margin expansion). From Glass Maker to AI Kingmaker: Corning’s Pivot
• Negative Sentiment: Valuation and momentum risk: the stock now trades at a material premium to historical multiples (market is pricing flawless execution), raising the risk of sharp pullbacks if growth or Meta demand expectations slip. What’s Behind Corning Stock’s 200% Rally?

Corning Price Performance

NYSE GLW opened at $160.09 on Thursday. The company has a 50-day moving average price of $105.76 and a 200-day moving average price of $89.15. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $162.10. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $137.35 billion, a P/E ratio of 87.01, a PEG ratio of 2.62 and a beta of 1.13.

Corning (NYSE:GLW) last posted its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the firm posted $0.57 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts anticipate that Corning Incorporated will post 2.33 earnings per share 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 issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio (DPR) is currently 60.87%.

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.