Advisors Asset Management Inc. Reduces Holdings in Corning Incorporated $GLW

Advisors Asset Management Inc. lessened its holdings in shares of Corning Incorporated (NYSE:GLW) by 13.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 343,896 shares of the electronics maker’s stock after selling 52,480 shares during the period. Corning comprises approximately 0.5% of Advisors Asset Management Inc.’s investment portfolio, making the stock its 26th biggest position. Advisors Asset Management Inc.’s holdings in Corning were worth $28,210,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Corning by 46.0% during the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after buying an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. purchased a new position in Corning in the 1st quarter worth $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Corning by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after acquiring an additional 5,522 shares during the period. Sivia Capital Partners LLC purchased a new stake in Corning during the 2nd quarter valued at about $401,000. Finally, Fifth Third Wealth Advisors LLC increased its holdings in shares of Corning by 24.9% in the second quarter. Fifth Third Wealth Advisors LLC now owns 6,285 shares of the electronics maker’s stock valued at $331,000 after purchasing an additional 1,251 shares during the period. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Li Fang sold 9,797 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total transaction of $1,112,057.47. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Edward A. Schlesinger sold 21,104 shares of Corning 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 transaction, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. This trade represents a 27.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 70,945 shares of company stock worth $8,026,736. 0.32% of the stock is currently owned by company insiders.

Corning Stock Down 2.5%

Shares of NYSE GLW opened at $128.14 on Wednesday. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $132.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The company has a market capitalization of $109.86 billion, a P/E ratio of 69.64, a P/E/G ratio of 2.28 and a beta of 1.13. The company has a 50 day simple moving average of $94.81 and a 200-day simple moving average of $83.49.

Corning (NYSE:GLW) last announced its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the company earned $0.57 earnings per share. The firm’s quarterly 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. On average, equities research analysts predict that Corning Incorporated will post 2.33 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on GLW shares. Morgan Stanley raised their target price on shares of Corning from $98.00 to $103.00 and gave the stock an “equal weight” rating in a report on Thursday, January 29th. Wolfe Research set a $130.00 price objective on Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Barclays set a $100.00 target price on Corning in a research note on Thursday, January 29th. Argus lifted their price target on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Susquehanna increased their price target on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Corning presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.36.

About Corning

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.