Sigma Planning Corp Sells 16,748 Shares of Corning Incorporated $GLW

Sigma Planning Corp cut its stake in Corning Incorporated (NYSE:GLW) by 55.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,516 shares of the electronics maker’s stock after selling 16,748 shares during the period. Sigma Planning Corp’s holdings in Corning were worth $2,078,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GLW. Revolve Wealth Partners LLC lifted its holdings in shares of Corning by 7.8% in the 3rd quarter. Revolve Wealth Partners LLC now owns 1,334 shares of the electronics maker’s stock valued at $205,000 after purchasing an additional 96 shares during the last quarter. Summit Place Financial Advisors LLC acquired a new stake in shares of Corning in the 3rd quarter valued at about $769,000. Randolph Co Inc acquired a new stake in shares of Corning in the 3rd quarter valued at about $56,259,000. Compass Ion Advisors LLC grew its stake in Corning by 3.9% during the 3rd quarter. Compass Ion Advisors LLC now owns 3,964 shares of the electronics maker’s stock worth $609,000 after buying an additional 148 shares during the last quarter. Finally, Meridian Financial Partners LLC purchased a new position in Corning during the 3rd quarter worth approximately $1,895,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Buying and Selling

In other Corning news, EVP Lewis Steverson sold 13,100 shares of Corning stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $151.29, for a total value of $1,981,899.00. Following the transaction, the executive vice president directly owned 15,052 shares in the company, valued at approximately $2,277,217.08. This trade represents a 46.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Corning Stock Down 0.8%

Shares of NYSE:GLW opened at $126.69 on Wednesday. The company has a 50-day simple moving average of $149.49 and a 200-day simple moving average of $154.34. Corning Incorporated has a one year low of $77.39 and a one year high of $271.78.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, October 27th. The electronics maker reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter last year, the company posted $0.67 EPS. Corning’s quarterly revenue was up 18.9% on a year-over-year basis. Sell-side analysts predict that Corning Incorporated will post 3.30 earnings per share for the current fiscal year.

Corning Announces Dividend

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

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Third-quarter core sales increased 19% year over year to $5.08 billion, while core EPS rose to $0.91, exceeding consensus estimates near $0.88–$0.89. Corning Delivers Outstanding Third-Quarter Results
• Positive Sentiment: Optical Communications was the primary growth engine, with sales surging 44% to $2.38 billion as artificial-intelligence infrastructure drove demand for fiber-optic products. Expanding margins and strong cash flow further supported the quarter. GLW Q3 Earnings Beat Estimates
• Positive Sentiment: Management’s fourth-quarter outlook was better than expected, with revenue projected around $5.25 billion and higher adjusted earnings anticipated. Corning also reiterated an ambitious long-term goal of reaching a $40 billion annualized sales run rate by 2030. GLW Stock Gains as Corning Tops Q3 Estimates
• Neutral Sentiment: Truist Securities lowered its price target to $175 but maintained a constructive view, saying the recent pullback could provide a buying opportunity. The reduced target may reflect valuation or near-term risk rather than a deterioration in Corning’s fundamentals. Corning Price Target Lowered at Truist
• Negative Sentiment: Despite the earnings beat, investors may have expected an even larger AI-related catalyst after Corning’s substantial prior rally. Some reports also highlighted differences between reported core sales and narrower revenue comparisons, adding uncertainty around the headline performance. Why Shares of Corning Are Tumbling Lower

Analyst Upgrades and Downgrades

GLW has been the topic of several research analyst reports. Oppenheimer cut their price target on Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Citigroup reiterated a “buy” rating on shares of Corning in a research note on Tuesday. 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. The Goldman Sachs Group restated an “outperform” rating on shares of Corning in a research report on Tuesday, September 15th. Finally, Bank of America lowered their target price on shares of Corning from $243.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $177.25.

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.