20,235 Corning Incorporated $GLW Shares Sold by Investment House LLC

Key Points

• Investment House LLC cut its Corning stake by 45% in the third quarter, selling 20,235 shares and retaining 24,730 shares valued at approximately $3.8 million.
• Institutional investors and hedge funds own 69.8% of Corning, with several major firms—including State Street, Wellington Management and Bank of America—recently increasing their positions.
• Analyst sentiment remains cautiously positive, with a “Moderate Buy” consensus and an average price target of $177.25, although some firms have recently reduced their targets amid valuation concerns.

Investment House LLC lessened its holdings in shares of Corning Incorporated (NYSE:GLW - Free Report) by 45.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,730 shares of the electronics maker's stock after selling 20,235 shares during the period. Investment House LLC's holdings in Corning were worth $3,802,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new position in Corning in the second quarter valued at $1,510,911,000. State Street Corp boosted its position in shares of Corning by 13.4% during the 2nd quarter. State Street Corp now owns 41,108,384 shares of the electronics maker's stock worth $10,500,315,000 after purchasing an additional 4,845,027 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Corning in the 2nd quarter valued at about $1,212,283,000. Wellington Management Group LLP grew its holdings in shares of Corning by 50.9% during the second quarter. Wellington Management Group LLP now owns 13,174,194 shares of the electronics maker's stock valued at $3,365,084,000 after buying an additional 4,446,514 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Corning by 29.2% during the second quarter. Bank of America Corp DE now owns 18,730,616 shares of the electronics maker's stock valued at $4,784,361,000 after buying an additional 4,231,507 shares during the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $151.29, for a total value of $1,981,899.00. Following the completion of the transaction, the executive vice president directly owned 15,052 shares of the company's stock, valued at $2,277,217.08. This represents a 46.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GLW has been the topic of several recent analyst reports. The Goldman Sachs Group restated an "outperform" rating on shares of Corning in a research note on Tuesday, September 15th. China Renaissance upgraded Corning from a "hold" rating to a "buy" rating and set a $238.00 target price on the stock in a research note on Tuesday, September 8th. Weiss Ratings lowered Corning from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. Mizuho dropped their price target on Corning from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, September 15th. Finally, Citigroup reduced their price target on shares of Corning from $240.00 to $220.00 and set a "buy" rating on the stock in a research report on Wednesday, July 29th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $177.25.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning’s exposure to AI infrastructure remains a supportive long-term theme. Demand for optical fiber and data-center connectivity has helped drive substantial gains in recent years, although investors are increasingly focused on whether future cash flow can justify the valuation. Corning GLW Stock Could Be 31% Below Fair Value As AI Fiber Demand Builds
• Positive Sentiment: Corning shares briefly showed strength in early trading on the Lang & Schwarz platform, indicating some demand after the recent selloff. This move does not change the broader concerns about valuation or estimates. Corning Stock at Lang and Schwarz
• Neutral Sentiment: Wall Street is examining revenue, earnings and operating metrics ahead of Corning’s quarter ended September 2026. The estimates could influence the stock’s next major move, but the articles do not report actual quarterly results. Unlocking Q3 Potential of Corning
• Negative Sentiment: JPMorgan lowered its price target for GLW to $165 from $170 and maintained a “neutral” rating. While the revised target implies substantial upside based on the cited reference price, the cut signals reduced confidence in near-term upside and contributed to selling pressure. JPMorgan Cuts Corning Target to USD 165
• Negative Sentiment: A valuation analysis suggested Corning could be about 31% below fair value, despite strong AI-driven growth. After a sharp multiyear rally, investors may be taking profits and demanding stronger evidence that earnings and cash generation can support the current valuation. Corning Stock Could Be Below Fair Value
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Corning investors. Although no findings or liability were reported, the announcement adds legal and reputational uncertainty. Pomerantz Investor Alert

Corning Stock Performance

Shares of GLW stock opened at $123.79 on Friday. The firm has a market capitalization of $106.63 billion, a price-to-earnings ratio of 47.01, a PEG ratio of 1.70 and a beta of 1.13. The stock has a fifty day moving average of $151.80 and a 200 day moving average of $168.59. Corning Incorporated has a 52 week low of $77.39 and a 52 week high of $271.78. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59.

Corning (NYSE:GLW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.02. Corning had a net margin of 11.20% and a return on equity of 20.09%. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the previous year, the firm earned $0.60 EPS. The company's quarterly revenue was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, research analysts expect that Corning Incorporated will post 3.29 earnings per share for the current year.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 13th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, November 13th. This represents a $1.12 annualized dividend and a dividend yield of 0.9%. Corning's payout ratio is currently 51.14%.

Corning Company Profile

Corning Incorporated NYSE: GLW is a technology company that develops and manufactures specialty glass, ceramics and optical-fiber products. Its materials and engineering expertise support communications networks, consumer electronics, automotive systems, life sciences and other industrial applications.

The company's products include optical fiber, cable and connectivity solutions used in telecommunications infrastructure; glass substrates for televisions, computer monitors and other displays; durable cover glass for mobile devices; emissions-control components for vehicles; laboratory glassware and consumables; and specialized glass and ceramic materials for scientific, industrial and semiconductor applications.

Founded in 1851 and headquartered in Corning, New York, the company serves customers through operations and facilities across North America, Europe, Asia and other international markets.

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