Brevan Howard Capital Management LP Has $6.86 Million Stock Position in Corning Incorporated $GLW

Key Points

• Brevan Howard Capital Management LP reduced its stake in Corning by 52.1% in Q3, selling 92,135 shares and leaving 84,556 shares valued at about $6.86 million.
• Corning reported a quarterly EPS of $0.72 (beating estimates) and revenue of $4.41 billion (up 13.9% y/y), set Q1 2026 guidance of $0.660–0.700 EPS, and declared a $0.28 quarterly dividend (annualized $1.12, 0.9% yield).
• Analyst sentiment has turned more positive—several firms raised price targets and the consensus is a Moderate Buy—backed by Corning’s push into optical connectivity and rising AI/GenAI-driven data‑center demand.

Brevan Howard Capital Management LP reduced its holdings in Corning Incorporated (NYSE:GLW - Free Report) by 52.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,556 shares of the electronics maker's stock after selling 92,135 shares during the quarter. Brevan Howard Capital Management LP's holdings in Corning were worth $6,858,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Corning during the 3rd quarter worth approximately $25,000. Strengthening Families & Communities LLC acquired a new position in shares of Corning during the 3rd quarter valued at $27,000. Total Investment Management Inc. bought a new position in Corning during the second quarter worth $28,000. Cornerstone Planning Group LLC boosted its stake in Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker's stock worth $30,000 after acquiring an additional 124 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its holdings in Corning by 111.1% in the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker's stock worth $31,000 after purchasing an additional 200 shares during the period. 69.80% of the stock is currently owned by institutional investors.

Corning Trading Down 0.5%

NYSE:GLW opened at $129.19 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The firm has a 50-day moving average of $117.74 and a 200-day moving average of $95.28. The company has a market cap of $110.84 billion, a PE ratio of 70.21, a PEG ratio of 2.22 and a beta of 1.05. Corning Incorporated has a one year low of $37.31 and a one year high of $162.10.

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

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, February 27th. Corning's dividend payout ratio (DPR) is currently 60.87%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GLW. UBS Group upped their price objective on shares of Corning from $125.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 20th. JPMorgan Chase & Co. boosted their target price on Corning from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, January 28th. Mizuho set a $145.00 price target on Corning in a research note on Monday, February 23rd. Citigroup increased their price target on Corning from $120.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, February 25th. Finally, Oppenheimer set a $120.00 price objective on Corning in a report on Thursday, January 29th. Eleven investment 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 a consensus rating of "Moderate Buy" and a consensus price target of $131.75.

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 stock was sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the transaction, the insider directly owned 19,926 shares in the company, valued at approximately $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 accessible through the SEC website. Also, EVP Lewis A. Steverson sold 15,366 shares of Corning stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the transaction, the executive vice president directly owned 3,461 shares in the company, valued at $450,691.42. This represents a 81.62% 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 over the last 90 days. Corporate insiders own 0.40% of the company's stock.

Key Headlines Impacting Corning

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 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.

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