FNY Investment Advisers LLC Cuts Stock Position in Corning Incorporated $GLW

FNY Investment Advisers LLC lessened its holdings in shares of Corning Incorporated (NYSE:GLW) by 93.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,659 shares of the electronics maker’s stock after selling 23,524 shares during the quarter. FNY Investment Advisers LLC’s holdings in Corning were worth $136,000 as of its most recent filing with the SEC.

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

Corning Stock Performance

Shares of GLW opened at $124.72 on Friday. The firm has a market cap of $107.00 billion, a price-to-earnings ratio of 67.78, a PEG ratio of 2.10 and a beta of 1.05. 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 business’s 50 day moving average is $122.00 and its two-hundred day moving average is $97.26. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $162.10.

Corning (NYSE:GLW) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the company earned $0.57 earnings per share. The business’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. Analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio is 60.87%.

Insider Activity at Corning

In other Corning news, insider Eric S. Musser sold 25,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the completion of the transaction, the insider directly owned 19,926 shares of the company’s stock, valued at $2,191,860. This trade represents a 55.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Wendell P. Weeks sold 137,514 shares of the business’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 sale, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at $116,618,391.45. The trade was a 15.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 233,201 shares of company stock worth $32,614,558 over the last 90 days. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GLW. Bank of America increased their price objective on shares of Corning from $120.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Oppenheimer set a $120.00 target price on shares of Corning in a research report on Thursday, January 29th. Morgan Stanley upped their target price on shares of Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. HSBC reaffirmed a “buy” rating and set a $135.00 price target on shares of Corning in a report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Eleven equities 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, Corning has an average rating of “Moderate Buy” and an average target price of $131.75.

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.