Longfellow Investment Management Co. LLC Sells 7,761 Shares of Corning Incorporated $GLW

Key Points

• Corning: Longfellow Investment Management cut its stake by 36.3%, selling 7,761 shares and ending the quarter with 13,599 shares valued at about $1.116 million.
• Insider selling: CEO Wendell P. Weeks sold 137,514 shares for roughly $21.37 million (a 15.48% reduction), and insiders disposed of 233,201 shares (~$32.6 million) over the past 90 days.
• Financials & market reaction: Corning beat Q4 estimates with $0.72 EPS on $4.41B revenue, set Q1 2026 guidance of $0.660–0.700, announced a $0.28 quarterly dividend (0.8% yield), yet the stock traded down about 7.1% amid mixed analyst views and a MarketBeat consensus target of $125.42.

Longfellow Investment Management Co. LLC lowered its stake in shares of Corning Incorporated (NYSE:GLW - Free Report) by 36.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,599 shares of the electronics maker's stock after selling 7,761 shares during the quarter. Longfellow Investment Management Co. LLC's holdings in Corning were worth $1,116,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GLW. Brighton Jones LLC raised its position in Corning by 46.0% during the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock valued at $319,000 after purchasing an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new position in shares of Corning during the 1st quarter valued at about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Corning by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker's stock valued at $2,962,000 after purchasing an additional 5,522 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Corning during the 2nd quarter valued at about $401,000. Finally, Schnieders Capital Management LLC. purchased a new position in shares of Corning during the 2nd quarter valued at about $266,000. 69.80% of the stock is owned by institutional investors.

Corning Stock Down 7.1%

Shares of Corning stock opened at $134.55 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $162.10. The company's 50 day moving average price is $112.83 and its 200-day moving average price is $92.40. The stock has a market capitalization of $115.44 billion, a price-to-earnings ratio of 73.13, a P/E/G ratio of 2.51 and a beta of 1.05.

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 analysts' consensus estimates of $0.71 by $0.01. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm's revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts forecast that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, February 27th. Corning's dividend payout ratio is currently 60.87%.

Insider Buying and Selling

In other news, CEO Wendell P. Weeks sold 137,514 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 750,585 shares of the company's stock, valued at approximately $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Z. Zhang sold 1,531 shares of the company's stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total value of $204,771.25. The disclosure for this sale is available in the SEC filing. Insiders sold 233,201 shares of company stock valued at $32,614,558 over the last ninety days. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

GLW has been the subject of several research reports. Fox Advisors lowered Corning from an "overweight" rating to an "equal weight" rating in a research note on Thursday, January 29th. UBS Group boosted their price objective on shares of Corning from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 20th. Wall Street Zen raised shares of Corning from a "hold" rating to a "buy" rating in a research note on Friday, January 23rd. Wolfe Research set a $130.00 target price on shares of Corning and gave the company an "outperform" rating in a report on Tuesday, January 27th. Finally, Morgan Stanley lifted their target price on shares of Corning from $103.00 to $127.00 and gave the stock an "equal weight" rating in a research report on Monday, February 23rd. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.42.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: New product: Corning launched Gorilla Glass Ceramic 3, debuting on Motorola’s razr fold, which strengthens its materials moat in foldables and could support higher ASPs and recurring design wins. Does Corning (GLW) Using Gorilla Glass Ceramic 3 in Foldables Deepen Its Materials Moat?
• Positive Sentiment: Strategic positioning: A bullish analysis argues Corning is a critical supplier for AI data-center fiber and optical gear, and that its capacity and technology differentiate it — a thesis that supports long-term revenue growth if AI infrastructure demand materializes. Why Corning Is A Buy: The Glass Giant Now Fuels The AI Revolution
• Positive Sentiment: High-profile endorsement: Jim Cramer named Corning among stocks he’s “most excited about,” which can draw retail interest and short-term buying momentum. Jim Cramer Notes That Corning Is One of the Stocks He Is “Most Excited About”
• Neutral Sentiment: Market movement context: A broader market roundup notes Corning trading down alongside other industrial/tech names, signaling this move is partly part of wider sector volatility rather than company-specific news alone. American Superconductor, BWX, Redwire, Corning, and SolarEdge Stocks Trade Down, What You Need To Know
• Negative Sentiment: Demand doubts from an industry leader: Broadcom CEO Hock E. Tan publicly downplayed the near-term opportunity for optical fiber in AI data centers, which directly weakens the market narrative supporting Corning’s AI-driven growth and likely triggered part of today’s sell-off. Corning Stock Is Falling. Why Broadcom Could Be Blamed.
• Negative Sentiment: Valuation concern: A critical piece argues Corning’s premium valuation may be at odds with execution risk and timing of AI-driven fiber demand — raising the chance of downside if growth lags expectations. Corning: Secular AI Infrastructure Growth Collides With A Premium Valuation

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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