Edward Schlesinger Sells 21,104 Shares of Corning (NYSE:GLW) Stock

Corning Incorporated (NYSE:GLW) CFO Edward Schlesinger sold 21,104 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total value of $2,206,423.20. Following the sale, the chief financial officer owned 54,780 shares in the company, valued at $5,727,249. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Corning Price Performance

Shares of GLW opened at $103.22 on Friday. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $113.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.00. The stock has a fifty day moving average price of $89.93 and a 200 day moving average price of $79.97. The company has a market cap of $88.50 billion, a P/E ratio of 56.10, a PEG ratio of 1.78 and a beta of 1.13.

Corning (NYSE:GLW) last announced its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, research analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current year.

Institutional Investors Weigh In On Corning

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sigma Planning Corp grew its stake in shares of Corning by 165.1% in the 4th quarter. Sigma Planning Corp now owns 29,264 shares of the electronics maker’s stock worth $2,562,000 after purchasing an additional 18,226 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Corning by 3.2% during the fourth quarter. New York State Teachers Retirement System now owns 602,538 shares of the electronics maker’s stock valued at $52,758,000 after purchasing an additional 18,640 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in Corning by 1.2% during the fourth quarter. North Star Investment Management Corp. now owns 12,017 shares of the electronics maker’s stock worth $1,052,000 after buying an additional 142 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in Corning in the fourth quarter worth approximately $80,000. Finally, US Bancorp DE increased its holdings in shares of Corning by 1.6% in the fourth quarter. US Bancorp DE now owns 433,657 shares of the electronics maker’s stock valued at $37,971,000 after buying an additional 6,841 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Weiss Ratings lowered Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Mizuho raised their price target on Corning from $97.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday. Susquehanna lifted their price objective on shares of Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research note on Thursday. Finally, Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $112.36.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Multiyear Meta agreement (up to $6 billion) boosts revenue visibility for Corning’s optical/data‑center business and underpins planned U.S. manufacturing expansion — a major structural catalyst for demand tied to AI data‑center builds. Can Corning’s Multi-Year AI-Focused Deal With Meta Boost Its Shares?
• Positive Sentiment: Q4 beat and constructive guidance: Corning topped estimates on revenue and EPS, reported strong optical communications growth, and set Q1 EPS guidance that implies continued strength — supports the thesis Corning is an AI/data‑center beneficiary. GLW Q4 earnings beat estimates on strength in optical communication
• Positive Sentiment: Analyst upgrades/target raises (Susquehanna, Citi and others) pushed upside expectations and provided fresh buy‑side ammunition after the earnings/Meta news. These broker actions can sustain buying momentum. GLW price target raised by Susquehanna
• Neutral Sentiment: Positive media/analyst narrative (Zacks, Jim Cramer, others) is reinforcing investor interest in GLW as an AI/momentum trade — helpful context but much of this is now reflected in the rally. Why Corning (GLW) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Company guidance (Q1 EPS range) was generally inline-to-slightly constructive — supportive but not a surprise after the Meta deal and Q4 beat. Corning forecasts first-quarter sales above estimates
• Negative Sentiment: Large insider sale by CFO Edward Schlesinger (21,104 shares, ~ $2.2M) — a sizeable reduction in his stake that some investors view as a near‑term bearish signal (though insiders sell for many reasons). Edward Schlesinger Sells 21,104 Shares of Corning
• Negative Sentiment: Smaller insider sale by SVP Michelle Gullo and broader post‑announcement profit‑taking after the stock ran to record highs — explains short‑term pullback/liquidity-driven selling. Form 4 – Michelle L. Gullo
• Negative Sentiment: Coverage noting the stock “slips” after earnings/guidance updates — signals short‑term volatility as traders lock in gains; could keep pressure until momentum stabilizes. Corning slips after Q4 results, guidance updates Springboard plan

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.