Avaii Wealth Management LLC Invests $8.04 Million in Corning Incorporated $GLW

Avaii Wealth Management LLC acquired a new position in shares of Corning Incorporated (NYSE:GLW) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 91,861 shares of the electronics maker’s stock, valued at approximately $8,043,000. Corning comprises 2.9% of Avaii Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 750,530 shares in the last quarter. State Street Corp grew its holdings in Corning by 1.2% in the third quarter. State Street Corp now owns 37,008,856 shares of the electronics maker’s stock worth $3,035,836,000 after purchasing an additional 439,883 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Corning by 30.3% during the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock worth $1,358,211,000 after purchasing an additional 3,848,540 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Corning by 8.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock valued at $724,432,000 after purchasing an additional 1,036,988 shares during the last quarter. Finally, Capital Research Global Investors acquired a new stake in shares of Corning in the 3rd quarter worth $907,164,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GLW shares. Mizuho set a $145.00 price target on Corning in a research note on Monday, February 23rd. Weiss Ratings upgraded shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Morgan Stanley increased their price objective on shares of Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Citigroup lifted their target price on shares of Corning from $120.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, Oppenheimer set a $120.00 target price on shares of Corning in a research report on Thursday, January 29th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $132.67.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Multiple analyst upgrades and bullish notes drove strong buying interest earlier this week, helping push the stock higher ahead of today’s pullback. Corning (NYSE:GLW) Shares Up 8.5% Following Analyst Upgrade
• Positive Sentiment: Bank of America issued a positive outlook that analysts say supports further upside, contributing to the recent momentum. Corning Stock Price Expected to Rise, Bank of America Analyst Says
• Positive Sentiment: Corning showcased AI‑driven optical communications products at OFC 2026 (multicore fiber, high‑density micro cables, expanded‑beam ferrules), which market coverage says has materially improved sentiment around its data‑center growth story. Assessing Corning (GLW) Valuation After OFC 2026 AI Data Center Connectivity Showcase
• Positive Sentiment: Analyst estimate revisions and technical momentum were highlighted by Zacks as supporting continued strength after recent volume‑backed moves. Strength Seen in Corning (GLW)
• Neutral Sentiment: Corning announced a partnership with Aircapture to advance commercial pathways for scalable direct air capture — a potential longer‑term diversification into clean‑tech markets, but with unclear near‑term revenue impact. Aircapture and Corning Partner to Advance Commercial Pathways to Scalable Direct Air Capture
• Negative Sentiment: Coverage also flags valuation concerns (the stock has rallied sharply), with some media/analysts calling Corning overvalued — a factor likely prompting profit‑taking and contributing to today’s decline. Corning (GLW) to Showcase New AI-Driven Optical Communication Breakthroughs At OFC 2026

Corning Price Performance

NYSE:GLW opened at $135.41 on Friday. The firm’s fifty day moving average is $125.87 and its two-hundred day moving average is $99.18. The firm has a market cap of $116.32 billion, a price-to-earnings ratio of 73.59, a PEG ratio of 2.31 and a beta of 1.05. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. Corning Incorporated has a one year low of $37.31 and a one year high of $162.10.

Corning (NYSE:GLW) last issued its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the firm posted $0.57 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. 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 year.

Corning Dividend Announcement

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 given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio is currently 60.87%.

Insider Buying and Selling at Corning

In other news, EVP Lewis A. Steverson sold 15,366 shares of Corning stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the completion of the transaction, the executive vice president directly owned 3,461 shares of the company’s stock, valued at $450,691.42. The trade was a 81.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Wendell P. Weeks sold 137,514 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 750,585 shares in the company, valued at $116,618,391.45. This trade represents a 15.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 233,201 shares of company stock worth $32,614,558. 0.40% of the stock is currently owned by insiders.

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.