Cannell & Spears LLC Cuts Stock Holdings in Corning Incorporated $GLW

Key Points

• Cannell & Spears LLC reduced its stake in Corning by 18.7% in Q3, selling 20,321 shares and leaving it with 88,487 shares valued at about $7.26 million.
• Analyst sentiment is supportive with an average rating of "Moderate Buy" and a mean price target of $131.75, driven by upgrades and growth catalysts from Corning's AI/data‑center optical opportunities.
• Corning slightly beat Q4 estimates (EPS $0.72 vs. $0.71; revenue $4.41B, +13.9% YoY), set Q1 guidance of $0.66–$0.70 EPS and declared a $0.28 quarterly dividend, while insiders sold 233,201 shares (~$32.6M) in the last three months.

Cannell & Spears LLC lessened its stake in Corning Incorporated (NYSE:GLW - Free Report) by 18.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,487 shares of the electronics maker's stock after selling 20,321 shares during the quarter. Cannell & Spears LLC's holdings in Corning were worth $7,259,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GLW. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Corning during the third quarter valued at about $25,000. Strengthening Families & Communities LLC purchased a new position in shares of Corning in the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC raised its holdings in shares of Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker's stock worth $30,000 after purchasing an additional 124 shares during the period. Financial Management Professionals Inc. lifted its stake in shares of Corning by 111.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker's stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. Finally, RMG Wealth Management LLC grew its holdings in shares of Corning by 125.0% during the 3rd quarter. RMG Wealth Management LLC now owns 450 shares of the electronics maker's stock worth $38,000 after purchasing an additional 250 shares during the period. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Weiss Ratings upgraded shares of Corning from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, February 17th. Fox Advisors downgraded shares of Corning from an "overweight" rating to an "equal weight" rating in a research note on Thursday, January 29th. HSBC reaffirmed a "buy" rating and set a $135.00 price target on shares of Corning in a research report on Friday, February 13th. Susquehanna increased their price target on Corning from $100.00 to $125.00 and gave the company a "positive" rating in a report on Thursday, January 29th. Finally, Wolfe Research set a $130.00 price objective on Corning and gave the stock an "outperform" rating in a research note on Tuesday, January 27th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $131.75.

Corning Price Performance

Shares of GLW stock opened at $129.19 on Friday. The firm has a fifty day simple moving average of $117.74 and a 200-day simple moving average of $95.28. The company has a market capitalization of $110.84 billion, a PE ratio of 70.21, a price-to-earnings-growth ratio of 2.22 and a beta of 1.05. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $162.10. 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 (NYSE:GLW - Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the previous year, the firm posted $0.57 EPS. The firm's quarterly revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be paid a $0.28 dividend. 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 60.87%.

Insider Transactions at Corning

In other Corning news, EVP Lewis A. Steverson sold 15,366 shares of the company's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total value of $2,000,960.52. Following the transaction, the executive vice president directly owned 3,461 shares of the company's stock, valued at $450,691.42. This represents a 81.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Li Fang sold 9,797 shares of the firm's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total transaction of $1,112,057.47. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 233,201 shares of company stock valued at $32,614,558 in the last three months. 0.40% of the stock is currently owned by company insiders.

Key Corning News

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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