Corning Incorporated $GLW Stock: Gibbs Wealth Management Boosts Holdings

Key Points

• Gibbs Wealth Management nearly doubled its Corning stake in the third quarter, increasing holdings by 97.5% to 17,134 shares worth approximately $2.64 million. Institutional investors and hedge funds collectively own 69.8% of GLW.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and seven Holds producing a “Moderate Buy” consensus and a $177.25 average price target, although several firms recently reduced their targets.
• Corning’s latest quarter exceeded expectations, with adjusted EPS of $0.78 and revenue of $4.74 billion, up 17.1% year over year. The company guided to third-quarter EPS of $0.85–$0.89 and declared a quarterly dividend of $0.28 per share.

Gibbs Wealth Management grew its holdings in Corning Incorporated (NYSE:GLW - Free Report) by 97.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,134 shares of the electronics maker's stock after purchasing an additional 8,460 shares during the quarter. Gibbs Wealth Management's holdings in Corning were worth $2,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of GLW. Lantern Wealth Advisors LLC increased its stake in Corning by 9.4% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 1,750 shares of the electronics maker's stock valued at $269,000 after purchasing an additional 150 shares in the last quarter. Winthrop Advisory Group LLC raised its stake in shares of Corning by 7.5% in the third quarter. Winthrop Advisory Group LLC now owns 2,193 shares of the electronics maker's stock valued at $337,000 after buying an additional 153 shares during the period. Lighthouse Financial LLC raised its position in shares of Corning by 13.4% in the third quarter. Lighthouse Financial LLC now owns 10,747 shares of the electronics maker's stock valued at $1,652,000 after purchasing an additional 1,272 shares during the period. Wedbush Securities Inc. lifted its position in shares of Corning by 5.5% during the third quarter. Wedbush Securities Inc. now owns 30,532 shares of the electronics maker's stock worth $4,695,000 after acquiring an additional 1,594 shares in the last quarter. Finally, BIP Wealth LLC increased its position in shares of Corning by 31.0% during the third quarter. BIP Wealth LLC now owns 2,857 shares of the electronics maker's stock valued at $439,000 after buying an additional 676 shares during the period. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Lewis Steverson sold 13,100 shares of the business's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $151.29, for a total transaction 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 approximately $2,277,217.08. The trade was a 46.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GLW. Bank of America dropped their price target on Corning from $243.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, July 29th. Morgan Stanley dropped their price target on Corning from $180.00 to $165.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 29th. JPMorgan Chase & Co. dropped their price target on Corning from $170.00 to $165.00 and set a "neutral" rating on the stock in a research report on Wednesday. Mizuho cut their price objective on shares of Corning from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 15th. Finally, The Goldman Sachs Group restated an "outperform" rating on shares of Corning in a research note on Tuesday, September 15th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $177.25.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning’s presentation at the OCP Global Summit highlighted demand for optical fiber and high-density connectivity used in AI data centers. Long-term supply agreements with Amazon, NVIDIA, Meta and Verizon improve visibility for the Optical Communications business and could support future growth. Will AI Fiber Demand Change Corning’s Narrative
• Positive Sentiment: Analyst estimates are rising ahead of third-quarter results, with AI-driven optical demand and major customer agreements viewed as potential earnings catalysts. Solar profitability recovery remains an important factor for the quarter. Is Corning Stock a Smart Investment Option Before Q3 Earnings Release?
• Neutral Sentiment: Wall Street is closely focused on third-quarter revenue, earnings and operating metrics. Corning’s latest reported quarter exceeded consensus expectations, with revenue up 17.1% year over year, while current guidance calls for third-quarter EPS of $0.85 to $0.89. Unlocking Q3 Potential of Corning
• Negative Sentiment: JPMorgan lowered its price target for Corning to $165, triggering renewed selling pressure. The reduction suggests the bank sees less near-term upside after the stock’s substantial multiyear rally, despite maintaining interest in the AI-fiber opportunity. JPMorgan Cuts Target for Corning Stock to USD 165
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Corning investors. The announcement does not establish wrongdoing, but it adds headline and legal risk. Pomerantz Investor Alert

Corning Stock Performance

GLW opened at $123.75 on Friday. The company has a market cap of $106.60 billion, a P/E ratio of 56.51, a price-to-earnings-growth ratio of 1.56 and a beta of 1.13. 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 Incorporated has a 52-week low of $77.39 and a 52-week high of $271.78. The firm's 50-day moving average price is $150.96 and its 200-day moving average price is $168.28.

Corning (NYSE:GLW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, topping 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 analysts' expectations of $4.63 billion. During the same quarter last year, the company earned $0.60 EPS. The business's revenue was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, equities analysts anticipate that Corning Incorporated will post 3.30 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 13th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th. 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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