Bank of Montreal Can Trims Stock Position in Corning Incorporated $GLW

Bank of Montreal Can reduced its position in Corning Incorporated (NYSE:GLW) by 25.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,083,820 shares of the electronics maker’s stock after selling 371,159 shares during the quarter. Bank of Montreal Can owned about 0.13% of Corning worth $88,906,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GLW. Vanguard Group Inc. increased its position in Corning by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 98,702,639 shares of the electronics maker’s stock worth $8,096,577,000 after purchasing an additional 750,530 shares during the period. State Street Corp boosted its stake in shares of Corning by 1.4% in the second quarter. State Street Corp now owns 36,568,973 shares of the electronics maker’s stock valued at $1,923,162,000 after buying an additional 509,013 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Corning by 0.6% in the second quarter. Geode Capital Management LLC now owns 19,443,525 shares of the electronics maker’s stock valued at $1,018,629,000 after buying an additional 112,739 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Corning by 8.1% during the second quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock worth $724,432,000 after acquiring an additional 1,036,988 shares during the period. Finally, Norges Bank purchased a new position in Corning in the second quarter worth $534,936,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning Stock Performance

Corning stock opened at $131.77 on Thursday. The stock has a fifty day moving average price of $116.13 and a 200 day moving average price of $94.41. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $162.10. The firm has a market capitalization of $113.05 billion, a P/E ratio of 71.62, a PEG ratio of 2.36 and a beta of 1.05. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62.

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

Corning Dividend Announcement

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

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning expanded its AI data‑center connectivity portfolio by licensing PRIZM® TMT optical ferrule technology with US Conec, strengthening its high‑density fiber solutions for next‑generation AI networks — supportive for future data‑center revenue growth. Corning Expands AI Data Center Connectivity Portfolio with PRIZM® TMT Technology
• Positive Sentiment: UBS lifted its price target to $171 (from $160) and reiterated a Buy, citing surging AI and fiber demand — this is institutional validation that may support a higher valuation over time. Why UBS Is Bullish on Corning Incorporated (GLW) as AI and Fiber Demand Surge
• Positive Sentiment: Corning’s Specialty Materials segment shows steady growth (Q4 revenue ~$544M, +6% YoY), indicating diversified strength beyond fiber optics. This helps underpin earnings durability. GLW Gains From Strength in Specialty Materials: Will it Sustain?
• Positive Sentiment: Analysts and commentary highlight sustained AI-driven fiber demand and large institutional inflows, reinforcing a long‑term growth narrative for Corning’s core data‑center businesses. AI Demand, Institutions Keep Corning Flying
• Neutral Sentiment: The recent launch of the GLWG 2X single‑stock leveraged ETF tied to Corning has focused trader attention and can amplify daily moves in either direction — increasing short‑term volatility independent of fundamentals. Assessing Corning (GLW) Valuation After GLWG ETF Launch And AI Infrastructure Momentum
• Neutral Sentiment: Leverage Shares launched new 2X ETFs (including GLWG), providing traders amplified exposure that can widen intraday swings and encourage heavier volume. That product flow is a market‑structure factor, not a change to Corning’s fundamentals. Leverage Shares by Themes Debuts WLDU, Delivering 2X Global Equity Exposure, and GLWG Single-Stock ETF
• Negative Sentiment: The stock’s sharp run‑up (roughly +80% over six months) has prompted caution and profit‑taking — at least one market piece urges skepticism amid the rally, a common catalyst for short‑term pullbacks. 2 Reasons to Like GLW and 1 to Stay Skeptical
• Negative Sentiment: Analysts’ opinions are mixed across the tech sector, including Corning, adding to uncertainty for traders who weigh differing estimates and target prices. Analysts’ Opinions Are Mixed on These Technology Stocks: Oracle (ORCL), Rigetti Computing (RGTI) and Corning (GLW)

Insider Buying and Selling at Corning

In other Corning news, CEO Wendell P. Weeks sold 137,514 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total value of $21,365,550.18. Following the transaction, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at $116,618,391.45. This represents a 15.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the transaction, the chief financial officer owned 54,780 shares in the company, valued at $5,727,249. This trade represents a 27.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 233,201 shares of company stock valued at $32,614,558. 0.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GLW has been the subject of a number of research analyst reports. Wolfe Research set a $130.00 target price on shares of Corning and gave the company an “outperform” rating in a report on Tuesday, January 27th. Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Mizuho set a $145.00 price objective on Corning in a research note on Monday, February 23rd. UBS Group lifted their price objective on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.42.

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.