Corning Incorporated $GLW Shares Sold by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

Key Points

• FARMERS & MERCHANTS TRUST Co OF LONG BEACH cut its stake in Corning by 67.4% to 3,473 shares (~$304k), even as major institutions initiated or expanded large positions — Capital Research (~$907m), WCM (~$677m) and Wellington (now 16.56M shares, ~$1.36bn) — leaving institutional ownership at about 69.8%.
• Shares have surged to near record highs on a reported Meta partnership and AI/data‑center demand, and analysts are mostly positive (10 Buy vs. 6 Hold) but the consensus price target of $140.08 sits well below the current market price (~$176), signaling valuation risk.
• Insiders have been net sellers recently — CEO Wendell P. Weeks sold 137,514 shares (~$21.4m) and insiders sold ~233,201 shares (~$32.6m) in the past three months.

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lessened its position in Corning Incorporated (NYSE:GLW - Free Report) by 67.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,473 shares of the electronics maker's stock after selling 7,169 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH's holdings in Corning were worth $304,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Capital Research Global Investors bought a new stake in Corning in the third quarter worth about $907,164,000. WCM Investment Management LLC acquired a new stake in Corning in the 3rd quarter valued at about $676,931,000. Wellington Management Group LLP boosted its position in shares of Corning by 30.3% during the 3rd quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker's stock valued at $1,358,211,000 after purchasing an additional 3,848,540 shares in the last quarter. Polar Capital Holdings Plc boosted its position in shares of Corning by 141.2% during the 3rd quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker's stock valued at $329,035,000 after purchasing an additional 2,348,125 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Corning in the 3rd quarter worth approximately $185,221,000. Institutional investors own 69.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Susquehanna increased their target price on shares of Corning from $100.00 to $125.00 and gave the company a "positive" rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. lowered shares of Corning from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $115.00 to $175.00 in a research report on Thursday, April 16th. HSBC reiterated a "buy" rating and set a $135.00 price objective on shares of Corning in a research report on Friday, February 13th. 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. Finally, Wall Street Zen upgraded Corning from a "hold" rating to a "buy" rating in a report on Friday, January 23rd. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Corning currently has an average rating of "Moderate Buy" and a consensus price target of $140.08.

Corning Trading Up 0.1%

Shares of NYSE GLW opened at $176.06 on Monday. Corning Incorporated has a one year low of $42.00 and a one year high of $179.08. The firm has a market capitalization of $151.24 billion, a PE ratio of 95.69, a PEG ratio of 2.52 and a beta of 1.06. 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 business has a 50-day moving average price of $146.44 and a two-hundred day moving average price of $111.13.

Corning (NYSE:GLW - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the company posted $0.57 EPS. The business's quarterly revenue 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, analysts predict that Corning Incorporated will post 3.15 earnings per share for the current fiscal year.

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were given a dividend of $0.28 per share. The ex-dividend date was Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. Corning's dividend payout ratio (DPR) is presently 60.87%.

Insider Activity

In other Corning news, CEO Wendell P. Weeks sold 137,514 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 750,585 shares in the company, valued at approximately $116,618,391.45. This trade represents a 15.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eric S. Musser sold 15,000 shares of the firm's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $130.25, for a total value of $1,953,750.00. Following the sale, the insider owned 4,926 shares of the company's stock, valued at $641,611.50. The trade was a 75.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 233,201 shares of company stock worth $32,614,558. Corporate insiders own 0.25% of the company's stock.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Record‑high momentum driven by a reported Meta partnership and AI infrastructure demand — headlines say the Meta deal plus accelerating data‑center and optical demand helped push GLW to new highs. Corning (GLW) Stock Reaches Record High on Meta Partnership and AI Infrastructure Boom
• Positive Sentiment: Analysts and earnings previews are tilting bullish — multiple articles highlight rising Q1 estimates and the view that GLW could beat as AI/cloud demand, fiber densification and 5G rollout lift telecom and optical component sales. 3 Telecom Stocks Likely to Surpass Q1 Earnings Estimates
• Positive Sentiment: Unusually large call buying — traders purchased ~43,950 GLW call options (≈ +28% vs. typical daily call volume), indicating speculative/hedged bullish interest ahead of earnings and further supporting upward price pressure.
• Neutral Sentiment: Institutional research action: Morgan Stanley raised its Corning price target to $140 while keeping an Equal‑Weight rating — a lift in tone but the PT remains well below the current market price, so it provides only partial validation for the rally. Morgan Stanley Lifts Corning (GLW) PT to $140 as Optical Stocks Hit New Highs
• Neutral Sentiment: Pre‑earnings analysis and metric deep dives are circulating — several previews urge watching segment margins and data‑center/fiber volumes beyond headline EPS/revenue. These pieces inform positioning but won’t move price until results are reported. Countdown to Corning (GLW) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
• Negative Sentiment: Valuation and "is it too late" narratives — several articles question whether the rapid, large gains make GLW overvalued and warn of a potential pullback if results or deal details disappoint. This increases downside risk for momentum traders. Is It Too Late To Consider Corning (GLW) After Its Huge 1-Year Share Price Surge?

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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