Envestnet Asset Management Inc. Buys 275,874 Shares of Corning Incorporated $GLW

Key Points

• Envestnet Asset Management increased its Corning position by 22.9% in the second quarter, buying 275,874 shares to own 1.48 million shares valued at approximately $377.9 million. Institutional investors collectively hold 69.8% of GLW.
• Corning reported quarterly earnings of $0.78 per share, exceeding estimates by $0.02, while revenue rose 17.1% year over year to $4.74 billion. The company issued third-quarter 2026 EPS guidance of $0.85–$0.89.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $176.50, although some firms recently downgraded the stock or lowered their targets. An executive also sold 13,100 shares, reducing his holdings by 46.5%.

Envestnet Asset Management Inc. lifted its position in Corning Incorporated (NYSE:GLW - Free Report) by 22.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,479,311 shares of the electronics maker's stock after buying an additional 275,874 shares during the quarter. Envestnet Asset Management Inc. owned about 0.17% of Corning worth $377,859,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GLW. Alliance Wealth Advisors LLC grew its holdings in Corning by 1.4% during the second quarter. Alliance Wealth Advisors LLC now owns 4,045 shares of the electronics maker's stock valued at $1,033,000 after purchasing an additional 56 shares during the period. Ares Financial Consulting LLC raised its stake in shares of Corning by 15.6% in the second quarter. Ares Financial Consulting LLC now owns 444 shares of the electronics maker's stock valued at $113,000 after buying an additional 60 shares during the period. Signature Equity Partners LLC raised its stake in shares of Corning by 19.3% in the first quarter. Signature Equity Partners LLC now owns 383 shares of the electronics maker's stock valued at $52,000 after buying an additional 62 shares during the period. Beirne Wealth Consulting Services LLC lifted its position in shares of Corning by 0.8% during the 1st quarter. Beirne Wealth Consulting Services LLC now owns 8,045 shares of the electronics maker's stock valued at $1,094,000 after buying an additional 64 shares during the last quarter. Finally, Balefire LLC grew its stake in shares of Corning by 0.7% during the 1st quarter. Balefire LLC now owns 9,595 shares of the electronics maker's stock worth $1,305,000 after acquiring an additional 65 shares during the period. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Corning news, EVP Lewis Steverson sold 13,100 shares of Corning stock in a transaction that occurred on 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 document filed with the SEC, which is available through this hyperlink. 0.25% of the stock is owned by corporate insiders.

Corning Stock Performance

Corning stock opened at $154.33 on Thursday. The firm's 50 day simple moving average is $152.80 and its 200 day simple moving average is $166.42. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59. Corning Incorporated has a 1-year low of $77.05 and a 1-year high of $271.78. The firm has a market capitalization of $132.94 billion, a PE ratio of 70.47, a price-to-earnings-growth ratio of 2.04 and a beta of 1.16.

Corning (NYSE:GLW - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. The firm had revenue of $4.74 billion for the quarter, compared to analysts' expectations of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. The business's quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, analysts expect that Corning Incorporated will post 3.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GLW has been the subject of several recent research reports. Wall Street Zen cut Corning from a "buy" rating to a "hold" rating in a research note on Monday, August 24th. Citigroup reduced their target price on shares of Corning from $240.00 to $220.00 and set a "buy" rating for the company in a research note on Wednesday, July 29th. Mizuho dropped their price target on shares of Corning from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 15th. Weiss Ratings downgraded shares of Corning from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, August 21st. Finally, Bank of America lifted their price objective on shares of Corning from $223.00 to $243.00 and gave the company a "buy" rating in a research note on Monday, July 6th. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Corning presently has a consensus rating of "Moderate Buy" and an average price target of $176.50.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning is positioned to benefit from AI-driven data-center expansion. Its fiber products are increasingly important for high-bandwidth, low-latency connections, while Meta’s planned Petal subsea cable underscores the growing need for global optical infrastructure. Meta Platforms’ Petal Cable Puts Corning at the Center of AI’s Bandwidth Boom
• Positive Sentiment: Corning, Qualcomm and Lumentum plan to demonstrate high-density optical die-to-die links at ECOC 2026. The technology is aimed at AI systems that require greater bandwidth and lower power consumption, potentially creating new demand for Corning’s specialty fiber and connectivity products. Corning To Show High Density Optical Chip Links At ECOC 2026
• Positive Sentiment: Analyst-oriented coverage continues to identify Corning as a legacy technology company benefiting from the AI infrastructure cycle, citing earnings growth, resilient margins, dividends and potential upside. A Qualcomm article also frames Corning’s optical-interconnect partnership as part of Qualcomm’s expansion into data-center infrastructure. Old Dogs, New Tech: 3 Legacy Stocks Powering the AI Boom
• Neutral Sentiment: Although Corning and Lumentum are both exposed to AI-optics demand, recent trading suggests investors are differentiating between the companies rather than broadly buying the theme. That divergence may reflect expectations for near-term earnings growth, product mix and valuation. Lumentum Jumped Nearly 10% While Corning Barely Moved
• Negative Sentiment: Pomerantz LLP is investigating potential claims on behalf of Corning investors. The announcement does not establish wrongdoing, but it introduces headline and litigation risk that can weigh on sentiment. Pomerantz Investor Alert

Corning Company Profile

Corning Incorporated NYSE: GLW is a global materials science and technology company that develops specialty glass, ceramics and optical fiber products. Founded in 1851 and headquartered in Corning, New York, the company combines expertise in glass science, ceramics science, optical physics and manufacturing to serve communications, consumer electronics, automotive, life sciences and other industrial markets.

Corning's products include optical fiber, cable and hardware used in telecommunications networks; cover glass and other components for mobile devices, laptops and other electronics; display glass for televisions and computer monitors; emissions-control products for automobiles and trucks; laboratory vessels and equipment; and specialty glass and ceramic products for industrial, semiconductor and aerospace applications.

The company serves customers worldwide through manufacturing, research and commercial operations across North America, Europe and Asia.

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