Corning Incorporated $GLW Shares Acquired by Newbridge Financial Services Group Inc.

Key Points

• Newbridge Financial boosted its stake in Corning by 1,104.1% in Q3 to 17,688 shares valued at $1.45M, and institutional investors now own about 69.8% of the stock.
• Significant insider selling has occurred recently — EVP Lewis Steverson sold 15,366 shares and CEO Wendell P. Weeks sold 137,514 shares (the CEO sale totaled ~$21.4M), with insiders netting 233,201 shares worth ~$32.6M over the last three months.
• Analysts are broadly constructive (consensus "Moderate Buy" with higher targets like UBS at $160), Corning reported a modest Q4 beat and 13.9% revenue growth with AI-driven optical demand as a catalyst, but the stock trades at a stretched multiple (PE ~70).

Newbridge Financial Services Group Inc. boosted its position in Corning Incorporated (NYSE:GLW - Free Report) by 1,104.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,688 shares of the electronics maker's stock after purchasing an additional 16,219 shares during the period. Newbridge Financial Services Group Inc.'s holdings in Corning were worth $1,451,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLW. CVA Family Office LLC grew its holdings in Corning by 10.3% in the third quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker's stock valued at $98,000 after purchasing an additional 111 shares during the last quarter. Angeles Wealth Management LLC increased its position 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 stake 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 worth $779,000 after buying an additional 119 shares during the last quarter. Sapient Capital LLC raised its stake in shares of 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 buying an additional 120 shares during the last quarter. Finally, Sivia Capital Partners LLC boosted its position in shares of Corning by 1.6% in the 3rd quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker's stock worth $635,000 after buying an additional 124 shares in the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Corning news, EVP Lewis A. Steverson sold 15,366 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the completion of the sale, the executive vice president owned 3,461 shares of the company's stock, valued at $450,691.42. This trade represents a 81.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Wendell P. Weeks sold 137,514 shares of Corning stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the sale, the chief executive officer owned 750,585 shares in the company, valued at $116,618,391.45. This represents a 15.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 233,201 shares of company stock valued at $32,614,558. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Barclays set a $100.00 price objective on shares of Corning in a research note on Thursday, January 29th. Susquehanna upped their price target on shares of Corning from $100.00 to $125.00 and gave the company a "positive" rating in a report on Thursday, January 29th. Wolfe Research set a $130.00 price target on shares of Corning and gave the company an "outperform" rating in a research report on Tuesday, January 27th. Mizuho set a $145.00 price objective on shares of Corning in a research note on Monday, February 23rd. Finally, UBS Group lifted their price objective on Corning from $125.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $131.75.

Corning Price Performance

GLW stock opened at $129.19 on Friday. The company has a market cap of $110.84 billion, a PE ratio of 70.21, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $117.74 and a two-hundred day moving average price of $95.09. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $162.10.

Corning (NYSE:GLW - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating 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 analyst estimates of $4.35 billion. During the same quarter last year, the firm posted $0.57 earnings per share. Corning's revenue for the quarter was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, research analysts predict that Corning Incorporated will post 2.33 EPS for the current 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 dividend yield of 0.9%. The ex-dividend date is Friday, February 27th. Corning's payout ratio is currently 60.87%.

Key Stories 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 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.

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