Corning Incorporated $GLW Stock Purchased by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors increased its Corning stake by 12.5% in the third quarter, bringing its holdings to 77,238 shares valued at approximately $11.9 million. Institutional investors collectively own 69.8% of GLW.
• Corning reported quarterly revenue of $4.74 billion and adjusted EPS of $0.78, exceeding analyst estimates, with revenue up 17.1% year over year. Analysts see growth potential from AI-related data-center demand and optical connectivity, though the stock’s elevated valuation remains a risk.
• The company declared a quarterly dividend of $0.28 per share, equivalent to a 0.7% annualized yield. Corning has a consensus “Moderate Buy” rating, while price targets and outlooks vary among analysts.

Farther Finance Advisors LLC raised its holdings in Corning Incorporated (NYSE:GLW - Free Report) by 12.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,238 shares of the electronics maker's stock after acquiring an additional 8,570 shares during the quarter. Farther Finance Advisors LLC's holdings in Corning were worth $11,876,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in GLW. Atwood & Palmer Inc. purchased a new position in shares of Corning in the 2nd quarter valued at about $26,000. Rogco LP purchased a new stake in Corning during the second quarter worth about $27,000. Toth Financial Advisory Corp boosted its holdings in Corning by 130.7% during the third quarter. Toth Financial Advisory Corp now owns 173 shares of the electronics maker's stock worth $27,000 after buying an additional 98 shares in the last quarter. Quintet Private Bank Europe S.A. grew its position in Corning by 220.0% during the third quarter. Quintet Private Bank Europe S.A. now owns 240 shares of the electronics maker's stock worth $37,000 after buying an additional 165 shares during the period. Finally, Pinpoint Asset Management Singapore Pte. Ltd. increased its holdings in Corning by 40.5% in the fourth quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 434 shares of the electronics maker's stock valued at $38,000 after buying an additional 125 shares in the last quarter. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Analysts continue to identify Corning as a potential beneficiary of AI-driven data-center investment. Demand for optical connectivity components is supporting growth, expanding backlogs and additional upside potential. Zacks AI communication component rally article
• Positive Sentiment: Truist raised its price target for Corning from $175 to $182, signaling continued confidence in the company’s outlook. Truist raises Corning price target
• Positive Sentiment: Corning declared a quarterly dividend of $0.28 per share, payable December 11 to shareholders of record November 13. The dividend maintains the company’s shareholder-return program, although its annualized yield is modest at approximately 0.7%. Corning quarterly dividend announcement
• Neutral Sentiment: Recent analysis highlights Corning’s optical-fiber capacity expansion, major data-center agreements and strong solar-related sales. These growth opportunities are balanced by an elevated valuation and the risk that profit growth may not keep pace with expectations. Zacks Corning outlook article
• Negative Sentiment: Pomerantz LLP said it is investigating potential claims on behalf of Corning investors. The announcement could create legal and reputational uncertainty and appears to be the most immediate negative headline for GLW. Pomerantz Corning investor investigation

Corning Stock Performance

NYSE GLW opened at $152.81 on Friday. Corning Incorporated has a fifty-two week low of $77.39 and a fifty-two week high of $271.78. The stock has a market cap of $131.63 billion, a price-to-earnings ratio of 69.78, a price-to-earnings-growth ratio of 2.08 and a beta of 1.13. The business has a fifty day moving average of $155.41 and a 200-day moving average of $168.64. 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 (NYSE:GLW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.02. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The business's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, analysts predict that Corning Incorporated will post 3.28 earnings per share for the current fiscal year.

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, November 13th. Corning's dividend payout ratio (DPR) is currently 51.14%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Bank of America lifted their price target on shares of Corning from $223.00 to $243.00 and gave the company a "buy" rating in a research report on Monday, July 6th. The Goldman Sachs Group reaffirmed an "outperform" rating on shares of Corning in a research note on Tuesday, September 15th. China Renaissance raised Corning from a "hold" rating to a "buy" rating and set a $238.00 price objective for the company in a report on Tuesday, September 8th. Morgan Stanley decreased their target price on Corning from $180.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 29th. Finally, Oppenheimer lowered their target price on Corning from $230.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, July 29th. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, Corning has a consensus rating of "Moderate Buy" and a consensus target price of $174.87.

Insider Activity at Corning

In other news, EVP Lewis Steverson sold 13,100 shares of Corning stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the completion of the sale, the executive vice president directly owned 15,052 shares in the company, valued at $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 is available through the SEC website. 0.25% of the stock is currently owned by company insiders.

Corning Profile

Corning Incorporated NYSE: GLW is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.

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