Corning Incorporated $GLW Shares Bought by Cibc World Market Inc.

Cibc World Market Inc. lifted its holdings in Corning Incorporated (NYSE:GLW) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,925 shares of the electronics maker’s stock after purchasing an additional 13,403 shares during the quarter. Cibc World Market Inc.’s holdings in Corning were worth $8,361,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of GLW. Strengthening Families & Communities LLC bought a new position in Corning in the 3rd quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its stake in shares of Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 124 shares during the period. Financial Management Professionals Inc. boosted its holdings in shares of Corning by 111.1% in the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 200 shares in the last quarter. RMG Wealth Management LLC increased its stake in shares of Corning by 125.0% during the third quarter. RMG Wealth Management LLC now owns 450 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 250 shares during the period. Finally, Bayforest Capital Ltd acquired a new position in shares of Corning during the third quarter valued at approximately $39,000. 69.80% of the stock is currently owned by institutional investors.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Optical Communications strength: Corning generated roughly $6.3B in revenue from Optical Communications in 2025, up ~35% year‑over‑year — a core driver of revenue and margin upside. GLW Rides on Solid Traction in Optical Communication
• Positive Sentiment: Major commercial win with Meta: Disclosure of a multi‑billion dollar (reported ~ $6B) Meta AI fiber contract and stronger 2025 results are the headline catalysts lifting demand expectations for Corning’s fiber business. Corning Is Up After Strong 2025 Results And $6 Billion Meta AI Fiber Deal
• Positive Sentiment: AI infrastructure momentum and analyst support: Market commentators and fund flows into AI‑infrastructure names have amplified GLW’s rally; several analysts have raised targets or reiterated buy/outperform views. AI Deals Drives Corning (GLW) Shares Up 50% In 2026
• Positive Sentiment: Dividend affirmed: Corning declared a quarterly dividend of $0.28 (payable Mar 30; record Feb 27), which supports cash-return expectations as AI/telecom revenues ramp. Corning Announces Quarterly Dividend
• Neutral Sentiment: Valuation and consensus: Analyst coverage is constructive (consensus = Moderate Buy), but GLW’s PE and forward multiples now price significant growth — important when sizing positions. GLW Profile & Analyst Coverage
• Negative Sentiment: Insider selling flagged: Multiple Form 4 filings show sizable sales by senior executives (COO Avery Nelson III, EVP Lewis Steverson, VP John Zhang). Those transactions have triggered short‑term selling headlines. Nelson Form 4 Steverson Form 4 Zhang Form 4
• Negative Sentiment: Short‑term profit‑taking: Financial press pointed to insider sales as a reason for intraday weakness following the rally, even as fundamentals remain strong. Corning Trading Down After Insider Selling

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings lowered Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 27th. Morgan Stanley upped their price objective on Corning from $98.00 to $103.00 and gave the company an “equal weight” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. raised their target price on Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Finally, Citigroup upped their price target on shares of Corning from $102.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.25.

Corning Stock Performance

Shares of NYSE GLW opened at $133.52 on Friday. The stock’s fifty day simple moving average is $97.68 and its 200 day simple moving average is $84.71. The stock has a market capitalization of $114.47 billion, a price-to-earnings ratio of 72.56, a PEG ratio of 2.28 and a beta of 1.13. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $136.82.

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

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. Corning’s payout ratio is currently 60.87%.

Insider Buying and Selling at Corning

In related news, VP John Z. Zhang sold 1,531 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total value of $204,771.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lewis A. Steverson sold 15,366 shares of Corning stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the transaction, the executive vice president owned 3,461 shares in the company, valued at approximately $450,691.42. The trade was a 81.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,687 shares of company stock valued at $11,249,008 over the last three months. 0.40% of the stock is owned by insiders.

Corning 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.