Corning Incorporated $GLW Shares Bought by Nvwm LLC

Nvwm LLC grew its holdings in shares of Corning Incorporated (NYSE:GLW) by 43,534.3% during the third quarter, HoldingsChannel reports. The firm owned 15,272 shares of the electronics maker’s stock after purchasing an additional 15,237 shares during the quarter. Nvwm LLC’s holdings in Corning were worth $2,348,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Martin Capital Advisors LLP increased its stake in Corning by 8.6% in the third quarter. Martin Capital Advisors LLP now owns 3,290 shares of the electronics maker’s stock valued at $506,000 after purchasing an additional 260 shares during the last quarter. ZWJ Investment Counsel Inc. lifted its position in Corning by 5.2% during the third quarter. ZWJ Investment Counsel Inc. now owns 9,515 shares of the electronics maker’s stock worth $1,463,000 after buying an additional 470 shares during the period. Mather Group LLC. boosted its stake in Corning by 147.5% in the 3rd quarter. Mather Group LLC. now owns 5,836 shares of the electronics maker’s stock worth $897,000 after buying an additional 3,478 shares during the last quarter. Fortune 45 LLC grew its holdings in Corning by 16.0% in the 3rd quarter. Fortune 45 LLC now owns 5,714 shares of the electronics maker’s stock valued at $879,000 after buying an additional 788 shares during the period. Finally, Fortitude Family Office LLC grew its holdings in Corning by 21.4% in the 3rd quarter. Fortitude Family Office LLC now owns 970 shares of the electronics maker’s stock valued at $149,000 after buying an additional 171 shares during the period. Institutional investors and hedge funds own 69.80% of the company’s stock.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning’s fiber-optic business remains supported by demand from artificial-intelligence data centers and network infrastructure. Reaves W H & Co. said the long-term demand outlook is intact, although near-term guidance creates some friction. Corning Fiber-Optic Demand Intact Despite Near-Term Guidance Friction
• Positive Sentiment: Analyst consensus price targets imply approximately 26% potential upside, while improving earnings estimates could provide additional support if Corning continues to execute. Corning Analyst Price Target Outlook
• Positive Sentiment: Corning declared a quarterly dividend of $0.28 per share, reinforcing its shareholder-return program. Corning Declares Dividend
• Neutral Sentiment: Pre-market trading indicated a modest rebound in European-listed Corning shares, suggesting some dip-buying after the recent selloff. Corning Pre-Market Trading
• Negative Sentiment: Investors remain concerned that Corning’s elevated valuation may already reflect much of its AI-driven growth. Although second-quarter core EPS rose 30% and management projected further growth, the stock fell sharply after the report as investors focused on guidance and execution risks. Corning Wiring the AI Boom
• Negative Sentiment: A law firm is investigating potential claims on behalf of Corning investors, adding legal and reputational uncertainty after the recent share-price decline. Pomerantz Corning Investor Investigation

Corning Price Performance

Shares of Corning stock opened at $140.89 on Thursday. Corning Incorporated has a twelve month low of $77.39 and a twelve month high of $271.78. The stock has a market capitalization of $121.36 billion, a P/E ratio of 64.33, a PEG ratio of 1.89 and a beta of 1.13. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average price is $155.24 and its 200 day moving average price is $168.91.

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

Corning Dividend Announcement

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 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 13th. Corning’s dividend payout ratio is 51.14%.

Insider Buying and Selling

In related news, EVP Lewis Steverson sold 13,100 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $151.29, for a total value of $1,981,899.00. Following the transaction, the executive vice president 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 is accessible through the SEC website. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on GLW shares. The Goldman Sachs Group reaffirmed an “outperform” rating on shares of Corning in a research note on Tuesday, September 15th. Bank of America decreased their target price on shares of Corning from $243.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. China Renaissance raised shares of Corning from a “hold” rating to a “buy” rating and set a $238.00 price target for the company in a research report on Tuesday, September 8th. Finally, Mizuho dropped their price target on shares of Corning from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, September 15th. Thirteen equities research analysts have rated the stock with a Buy rating and seven 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 $177.56.

About Corning

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.