Diversify Wealth Management LLC Sells 3,852 Shares of Corning Incorporated $GLW

Diversify Wealth Management LLC cut its stake in shares of Corning Incorporated (NYSE:GLW) by 30.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,784 shares of the electronics maker’s stock after selling 3,852 shares during the quarter. Diversify Wealth Management LLC’s holdings in Corning were worth $769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. DNB Asset Management AS boosted its stake in shares of Corning by 2.5% during the third quarter. DNB Asset Management AS now owns 169,690 shares of the electronics maker’s stock valued at $13,920,000 after purchasing an additional 4,165 shares during the period. Choreo LLC grew its holdings in Corning by 9.7% in the 3rd quarter. Choreo LLC now owns 19,602 shares of the electronics maker’s stock worth $1,608,000 after acquiring an additional 1,726 shares during the last quarter. Clifford Swan Investment Counsel LLC purchased a new position in shares of Corning in the third quarter valued at about $224,000. West Family Investments Inc. raised its stake in shares of Corning by 13.6% during the third quarter. West Family Investments Inc. now owns 6,660 shares of the electronics maker’s stock valued at $546,000 after acquiring an additional 796 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its stake in shares of Corning by 0.7% during the third quarter. Mesirow Financial Investment Management Inc. now owns 148,879 shares of the electronics maker’s stock valued at $12,212,000 after acquiring an additional 1,072 shares during the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Citigroup set a new $170 price target for GLW, signaling confidence in Corning’s growth prospects and supporting higher valuation expectations. Corning (NYSE:GLW) Given New $170.00 Price Target at Citigroup
• Positive Sentiment: Analyst upgrades pushed the stock to a fresh 52‑week high and prompted short‑term buying; one report notes shares trading materially higher following the upgrades. Corning (NYSE:GLW) Trading Up 5.6% Following Analyst Upgrade
• Positive Sentiment: UBS says Nvidia’s strong Q4 results provide a favorable read‑through for Corning (demand in data centers and advanced optics), bolstering expectations for Corning’s end‑market strength. Corning Gets Strong Read Through From Nvidia Results, UBS Says
• Positive Sentiment: A CNBC piece argues Corning’s near‑record price and elevated valuation are justified by durable end‑market demand and improving fundamentals, which may attract momentum investors. Why Corning’s near record stock price and historically expensive valuation are worth it
• Neutral Sentiment: Coverage pieces (Yahoo Finance, Zacks) explain the stock’s ~45.9% run since the last earnings report and look at upcoming estimates — useful context but not new catalysts. Why Is Corning (GLW) Up 45.9% Since Last Earnings Report?
• Neutral Sentiment: Another analytical take from Zacks reiterates the same thesis on recent earnings and what to watch next (estimates/guidance). Why Is Corning (GLW) Up 45.9% Since Last Earnings Report?
• Negative Sentiment: CEO Wendell P. Weeks sold 137,514 shares (~$21.4M) on Feb. 26, reducing his stake by ~15.5% per the SEC filing; insider sales can trigger short‑term caution among investors despite his remaining large holding. SEC Form 4 — Weeks insider sale

Wall Street Analyst Weigh In

GLW has been the topic of a number of research analyst reports. Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Oppenheimer set a $120.00 target price on Corning in a research note on Thursday, January 29th. UBS Group raised their price target on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. boosted their price objective on shares of Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Finally, Susquehanna upped their price objective on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.42.

Insider Activity at Corning

In other news, SVP Li Fang sold 9,797 shares of Corning stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Wendell P. Weeks sold 137,514 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the transaction, the chief executive officer owned 750,585 shares in the company, valued at approximately $116,618,391.45. The trade was a 15.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 233,201 shares of company stock worth $32,614,558 over the last quarter. 0.40% of the stock is currently owned by company insiders.

Corning Price Performance

Shares of GLW stock opened at $150.31 on Friday. The business’s fifty day moving average is $108.27 and its 200 day moving average is $90.34. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The stock has a market cap of $128.96 billion, a price-to-earnings ratio of 81.69, a PEG ratio of 2.60 and a beta of 1.13. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $162.10.

Corning (NYSE:GLW) last announced its quarterly earnings data 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 analyst estimates of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Research analysts expect that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be paid a $0.28 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning’s dividend payout ratio is presently 60.87%.

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.