Alight Capital Management LP Has $4.10 Million Stake in Corning Incorporated $GLW

Alight Capital Management LP reduced its stake in shares of Corning Incorporated (NYSE:GLW) by 66.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,000 shares of the electronics maker’s stock after selling 100,000 shares during the period. Alight Capital Management LP’s holdings in Corning were worth $4,102,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CVA Family Office LLC increased its holdings in shares of Corning by 10.3% during the 3rd quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock valued at $98,000 after acquiring an additional 111 shares during the last quarter. Angeles Wealth Management LLC lifted its holdings in Corning by 2.8% in the 3rd quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker’s stock worth $348,000 after purchasing an additional 116 shares during the last quarter. Vista Investment Partners LLC lifted its holdings in Corning by 1.3% in the 3rd quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock worth $779,000 after purchasing an additional 119 shares during the last quarter. Sapient Capital LLC boosted its position in Corning by 2.2% during the third quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock worth $452,000 after purchasing an additional 120 shares during the period. Finally, Sivia Capital Partners LLC boosted its position in Corning by 1.6% during the third quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock worth $635,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Bank of America raised its price target to $144 and reiterated a “buy” rating, citing a potential ~$10.3B scale-out revenue opportunity that could drive meaningful upside. BofA price target raise
• Positive Sentiment: Corning expanded its AI data-center connectivity portfolio by licensing PRIZM TMT ferrule technology from US Conec, improving high-density optical connectivity for AI/GenAI networks — a direct catalyst for optical revenue growth. Zacks: Corning expands AI data center portfolio
• Positive Sentiment: Coverage consensus is supportive: analysts on aggregate have a “moderate buy” recommendation, which can sustain investor demand and limit downside. Analyst consensus: Moderate Buy
• Positive Sentiment: Zacks highlighted GLW as a top-ranked growth stock under its style scores, reinforcing the growth narrative for momentum investors. Zacks: Top-ranked growth stock
• Positive Sentiment: Market coverage notes strong GenAI-driven demand for optical communications, supporting near-term revenue momentum in Corning’s Optical Communications segment. Yahoo: GenAI-driven optical demand
• Neutral Sentiment: Some outlets present mixed analyst views and valuation questions despite recent gains; these pieces underscore investor caution around stretched multiples after a large run-up. Globe and Mail: Mixed analyst opinions
• Neutral Sentiment: An investor-focused article lists two bullish reasons and one skepticism point — useful for watchlist investors but highlights the need to weigh growth vs. valuation. Yahoo: 2 reasons to like, 1 to be skeptical

Corning Stock Down 0.5%

GLW opened at $129.19 on Friday. The business has a 50 day moving average of $117.74 and a 200-day moving average of $95.28. The stock has a market capitalization of $110.84 billion, a price-to-earnings ratio of 70.21, a P/E/G ratio of 2.22 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 Incorporated has a 1-year low of $37.31 and a 1-year high of $162.10.

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, topping analysts’ consensus estimates of $0.71 by $0.01. The business 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 was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.9%. Corning’s payout ratio is presently 60.87%.

Analysts Set New Price Targets

A number of research firms have recently commented on GLW. JPMorgan Chase & Co. lifted their price target 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. UBS Group upped their price objective on shares of Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Wolfe Research set a $130.00 target price on shares of Corning and gave the stock an “outperform” rating in a report on Tuesday, January 27th. Finally, Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.75.

Insider Buying and Selling at Corning

In related news, SVP Li Fang sold 9,797 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total value of $1,112,057.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Edward A. Schlesinger sold 21,104 shares of Corning stock in a transaction dated 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 directly owned 54,780 shares in the company, valued at approximately $5,727,249. This trade represents a 27.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 233,201 shares of company stock valued at $32,614,558 in the last three months. Company insiders own 0.40% of the company’s stock.

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.