Corning Incorporated $GLW Shares Sold by Naples Global Advisors LLC

Naples Global Advisors LLC decreased its position in Corning Incorporated (NYSE:GLW) by 2.8% during the 3rd quarter, Holdings Channel reports. The firm owned 227,520 shares of the electronics maker’s stock after selling 6,627 shares during the quarter. Corning comprises about 1.5% of Naples Global Advisors LLC’s holdings, making the stock its 10th biggest position. Naples Global Advisors LLC’s holdings in Corning were worth $18,663,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GLW. Norges Bank acquired a new stake in Corning in the 2nd quarter valued at about $534,936,000. Voya Investment Management LLC lifted its holdings in shares of Corning by 748.0% in the third quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock valued at $260,014,000 after purchasing an additional 2,795,948 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Corning by 93.0% in the second quarter. Raymond James Financial Inc. now owns 3,407,608 shares of the electronics maker’s stock valued at $179,206,000 after purchasing an additional 1,641,558 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Corning by 1.6% in the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after purchasing an additional 1,582,895 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Corning by 125.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,683,497 shares of the electronics maker’s stock worth $220,127,000 after purchasing an additional 1,495,277 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Trading Up 0.8%

NYSE:GLW opened at $94.30 on Friday. The business’s 50-day moving average is $87.40 and its two-hundred day moving average is $77.93. The firm has a market capitalization of $80.85 billion, a PE ratio of 59.68, a price-to-earnings-growth ratio of 1.15 and a beta of 1.13. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $96.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.00.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.24 billion. Corning had a return on equity of 18.12% and a net margin of 9.16%.The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Research analysts predict that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Eric S. Musser sold 100,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the completion of the sale, the insider directly owned 44,926 shares of the company’s stock, valued at approximately $4,050,977.42. This trade represents a 69.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Stefan Becker sold 12,100 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total transaction of $1,104,488.00. Following the completion of the transaction, the senior vice president owned 5,049 shares in the company, valued at $460,872.72. This represents a 70.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 156,135 shares of company stock worth $14,088,769. Company insiders own 0.40% of the company’s stock.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Major channel and customer momentum: coverage highlights Corning’s partnerships with Nvidia, Broadcom and Microsoft and says those relationships could drive a technical breakout as AI data?center buildouts lift demand for Corning’s optical components. AI Enabler Sparkles And Shines. Now Comes The Main Event.
• Positive Sentiment: Analysts expect earnings growth and a likely beat: previews note Corning has the right mix of revenue drivers (AI, solar, specialty materials) that set up for upside to Q4 results. Corning (GLW) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Pre?earnings optimism on demand mix: another preview flags strong AI, solar and specialty materials momentum and suggests a surprise is possible when Q4 results hit. Is Corning Stock a Smart Buy Ahead of Q4 Earnings Release?
• Positive Sentiment: Fundamental tailwinds but cautious stance: a detailed preview says Gen?AI demand is real — optical comms growth, possible pricing power and solar (Hemlock) capacity largely sold for 2025 — though the author remains on hold pending clearer earnings durability. Corning Q4 Preview: Gen AI Tailwinds Are Real, But I Need Higher Earnings Power
• Neutral Sentiment: Broker consensus: a roundup shows an average rating around “Moderate Buy,” which supports sentiment but isn’t uniformly bullish. Corning Incorporated (NYSE:GLW) Given Average Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Earnings timing: reminders that Corning will release quarterly results this week keep focus on the report as the immediate catalyst. Corning (GLW) to Release Quarterly Earnings on Wednesday
• Neutral Sentiment: Market performance note: the stock has recently risen but still trails some broader market movers, indicating mixed short?term momentum. Corning Inc. stock rises Wednesday, still underperforms market
• Negative Sentiment: Valuation/case for caution: coverage asks whether it’s too late to buy after an ~83% one?year rally, flagging valuation risk if growth expectations are already priced in. Is It Too Late To Consider Corning (GLW) After Its 1 Year 83% Rally?

Wall Street Analysts Forecast Growth

GLW has been the topic of a number of recent research reports. Mizuho set a $97.00 target price on Corning in a research note on Wednesday, October 29th. Susquehanna upped their price objective on Corning from $75.00 to $100.00 and gave the company a “positive” rating in a research report on Wednesday, October 29th. Oppenheimer set a $100.00 price objective on Corning and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. UBS Group reissued a “buy” rating and issued a $109.00 target price (up previously from $100.00) on shares of Corning in a research note on Friday, November 21st. Finally, Morgan Stanley raised their price target on shares of Corning from $82.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.36.

Corning Company 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.