Corning Incorporated $GLW Stock Purchased by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. grew its holdings in Corning Incorporated (NYSE:GLW) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,430 shares of the electronics maker’s stock after purchasing an additional 3,440 shares during the period. Corning comprises approximately 1.4% of Valley Wealth Managers Inc.’s holdings, making the stock its 23rd largest holding. Valley Wealth Managers Inc.’s holdings in Corning were worth $27,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in shares of Corning by 51.7% in the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 1,541 shares of the electronics maker’s stock worth $237,000 after buying an additional 525 shares during the period. Argus Investors Counsel Inc. increased its stake in shares of Corning by 10.4% during the third quarter. Argus Investors Counsel Inc. now owns 2,312 shares of the electronics maker’s stock valued at $355,000 after buying an additional 218 shares during the period. RFG Bristol Wealth Advisors LLC raised its holdings in shares of Corning by 77.1% in the third quarter. RFG Bristol Wealth Advisors LLC now owns 11,077 shares of the electronics maker’s stock valued at $1,703,000 after acquiring an additional 4,824 shares in the last quarter. GK Wealth Management LLC raised its holdings in shares of Corning by 42.9% in the third quarter. GK Wealth Management LLC now owns 1,692 shares of the electronics maker’s stock valued at $260,000 after acquiring an additional 508 shares in the last quarter. Finally, Avaii Wealth Management LLC lifted its stake in Corning by 9.9% in the third quarter. Avaii Wealth Management LLC now owns 55,494 shares of the electronics maker’s stock worth $9,112,000 after acquiring an additional 4,981 shares during the period. Institutional investors own 69.80% of the company’s stock.

Analyst Ratings Changes

GLW has been the topic of a number of research reports. Morgan Stanley cut their target price on shares of Corning from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lowered their price target on shares of Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Bank of America dropped their price objective on shares of Corning from $243.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Oppenheimer cut their price objective on shares of Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Finally, Barclays reduced their price objective on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $177.56.

Insider Buying and Selling

In other Corning news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $151.29, for a total value of $1,981,899.00. Following the completion of the sale, the executive vice president directly owned 15,052 shares in the company, valued at approximately $2,277,217.08. This trade represents a 46.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.25% of the company’s stock.

Corning Trading Up 2.5%

NYSE:GLW opened at $156.62 on Friday. The stock has a market capitalization of $134.91 billion, a price-to-earnings ratio of 71.51, a PEG ratio of 1.95 and a beta of 1.13. Corning Incorporated has a 52 week low of $77.39 and a 52 week high of $271.78. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $155.77 and a 200 day moving average of $168.56.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. Corning had a net margin of 11.20% and a return on equity of 20.09%. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same period in the previous year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, sell-side analysts anticipate that Corning Incorporated will post 3.28 earnings per share for the current fiscal year.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 13th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, November 13th. Corning’s dividend payout ratio is currently 51.14%.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: AI infrastructure demand is a key bullish theme. Analysts identify Corning’s optical fiber and communications components as beneficiaries of expanding data-center and high-speed networking investment, with rising backlogs potentially supporting future revenue growth. Buy GLW and CIEN to Gain More on AI Communication Component Space Rally
• Positive Sentiment: Growth-focused coverage continues to highlight Corning as a long-term opportunity because of its specialized glass and optical-fiber businesses serving major technology customers. Its recent earnings also showed strong momentum, with revenue up 17.1% year over year and earnings exceeding estimates. Why Corning Is a Top Growth Stock for the Long Term
• Positive Sentiment: Truist raised its price target on GLW from $175 to $182, signaling increased confidence in the company’s outlook. Corning also declared a $0.28 quarterly dividend, maintaining shareholder returns, although the indicated yield is modest at approximately 0.7%. Truist Raises Target for Corning
• Neutral Sentiment: Investors are awaiting Corning’s third-quarter 2026 results and guidance for evidence that AI-driven demand is translating into sustained growth. The company previously guided to third-quarter EPS of $0.85–$0.89. Corning Q3 2026 Earnings Expectations
• Neutral Sentiment: Bernstein reaffirmed a Hold rating, suggesting the expected growth may already be reflected in the stock’s valuation. Corning trades at a high earnings multiple, increasing sensitivity to any slowdown or disappointing guidance. Bernstein Reaffirms Hold Rating
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Corning investors. Although the announcement does not establish wrongdoing, it adds headline and litigation risk that could weigh on sentiment. Pomerantz Investor Investigation

Corning Profile

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.