Cacti Asset Management LLC Purchases 23,078 Shares of Corning Incorporated $GLW

Cacti Asset Management LLC increased its position in Corning Incorporated (NYSE:GLW) by 3.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 703,270 shares of the electronics maker’s stock after buying an additional 23,078 shares during the period. Corning accounts for about 6.2% of Cacti Asset Management LLC’s investment portfolio, making the stock its 5th largest holding. Cacti Asset Management LLC’s holdings in Corning were worth $111,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of GLW. Atwood & Palmer Inc. bought a new position in shares of Corning in the second quarter worth about $26,000. Rogco LP acquired a new stake in Corning in the 2nd quarter valued at approximately $27,000. Evolution Wealth Management Inc. increased its position in Corning by 58.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 381 shares of the electronics maker’s stock worth $33,000 after buying an additional 141 shares during the period. Vermillion Wealth Management Inc. increased its position in Corning by 32.8% in the 4th quarter. Vermillion Wealth Management Inc. now owns 405 shares of the electronics maker’s stock worth $36,000 after buying an additional 100 shares during the period. Finally, Pinpoint Asset Management Singapore Pte. Ltd. lifted its holdings in shares of Corning by 40.5% during the fourth quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 434 shares of the electronics maker’s stock worth $38,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Buying and Selling

In related news, EVP Lewis Steverson sold 13,100 shares of the business’s stock in a transaction on 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 sale, the executive vice president owned 15,052 shares of the company’s stock, valued at $2,277,217.08. The trade was a 46.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Corning Price Performance

NYSE:GLW traded up $4.53 during mid-day trading on Thursday, hitting $158.29. The company’s stock had a trading volume of 4,009,870 shares, compared to its average volume of 12,173,502. The company has a market capitalization of $136.35 billion, a price-to-earnings ratio of 72.06, a P/E/G ratio of 2.02 and a beta of 1.16. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59. Corning Incorporated has a fifty-two week low of $77.39 and a fifty-two week high of $271.78. The stock has a fifty day moving average of $152.66 and a 200-day moving average of $167.31.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. Corning had a return on equity of 20.09% and a net margin of 11.20%.The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The company’s quarterly revenue 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, equities analysts forecast that Corning Incorporated will post 3.28 EPS for the current fiscal year.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: AT&T agreement supports growth visibility. Corning will supply fiber and cable under a multiyear agreement valued at more than $3 billion. The deal is expected to expand Corning’s Optical Communications business as AT&T invests in U.S. broadband capacity. Rising data usage and artificial-intelligence adoption are strengthening demand for fiber infrastructure. Can Corning’s AT&T Deal Boost Its Optical Communications Growth?
• Positive Sentiment: The contract adds a sizable backlog and reinforces Corning’s position as a supplier to large telecom networks. Investors may view it as evidence that broadband and AI-related connectivity demand can support future revenue growth beyond the company’s recent quarterly performance, which included year-over-year revenue growth and earnings above consensus.
• Neutral Sentiment: Corning also advanced alongside Coherent and Lumentum as investors favored optical and photonics companies tied to AI infrastructure. The broader sector momentum may be supporting GLW sentiment, although the largest gains were concentrated in peers with more direct AI exposure. Coherent, Lumentum and Corning market report
• Negative Sentiment: Investor litigation inquiry adds uncertainty. Pomerantz LLP said it is investigating potential claims on behalf of Corning investors. The announcement does not establish wrongdoing, but such inquiries can weigh on sentiment and introduce legal and reputational risk. Pomerantz investor alert
• Negative Sentiment: Sanford C. Bernstein initiated coverage with a Market Perform rating and a $140 price target, signaling limited upside from recent trading levels. The cautious view may temper enthusiasm over the AT&T contract, particularly given Corning’s elevated valuation. Bernstein coverage report references

Analysts Set New Price Targets

GLW has been the topic of several research analyst reports. Citigroup lowered their price objective on shares of Corning from $240.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price target on shares of Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Weiss Ratings lowered shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Oppenheimer dropped 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, Wall Street Zen cut shares of Corning from a “buy” rating to a “hold” rating in a research note on Monday, August 24th. Twelve equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and a consensus price target of $174.07.

Corning Company 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.