Corning Incorporated $GLW Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in shares of Corning Incorporated (NYSE:GLW) by 4.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,807,173 shares of the electronics maker’s stock after selling 302,292 shares during the period. Bank of New York Mellon Corp owned 0.68% of Corning worth $476,362,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Corning

In related news, CFO Edward A. Schlesinger sold 20,893 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $91.25, for a total transaction of $1,906,486.25. Following the completion of the sale, the chief financial officer directly owned 66,959 shares of the company’s stock, valued at approximately $6,110,008.75. This trade represents a 23.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lewis A. Steverson sold 23,142 shares of Corning stock in a transaction on Friday, October 31st. The stock was sold at an average price of $89.05, for a total transaction of $2,060,795.10. Following the sale, the executive vice president directly owned 17,575 shares in the company, valued at $1,565,053.75. This trade represents a 56.84% decrease in their position. The SEC filing for this sale provides additional information. 0.32% of the stock is currently owned by corporate insiders.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Major multiyear deal: Meta agreed to pay up to $6 billion for Corning fiber?optic cable to support AI data centers — a high?visibility contract that underpins future revenue growth. Meta Enters Up to $6 Billion Data-Center Fiber-Optic Cable Deal With Corning
• Positive Sentiment: Q4 beat and strong end?market demand: Corning reported $0.72 EPS on $4.41B revenue, beating estimates as Optical Communications surged ~24% on Gen?AI and hyperscaler demand. GLW Q4 Earnings Beat Estimates on Strength in Optical Communication
• Positive Sentiment: Analyst upgrade/target lift: JPMorgan raised its price target to $115 and moved to overweight, providing an institutional endorsement of upside. Benzinga
• Neutral Sentiment: Guidance roughly in line: Corning set Q1 EPS guidance of $0.660–0.700 (consensus ~0.670) and revenue guidance near expectations, which supports the outlook but didn’t materially exceed Street hopes. Corning Press Release / Slide Deck
• Positive Sentiment: Management outlook and company release: Corning described record 2025 results and an upgraded Springboard plan for faster sales growth, reinforcing the long?term story. Business Wire: Corning Announces Outstanding 2025 Financial Results
• Negative Sentiment: Profit?taking after a big rally: After a ~16% jump and a new 52?week high on the Meta news, several outlets reported an immediate pullback and heavy selling as traders locked in gains. Corning Stock Hits Record High on Meta Platforms Deal
• Negative Sentiment: Market reaction mixed despite beats: Some coverage notes shares slid from record highs following the earnings release — suggesting investors expected larger upside or are rotating out. Glassmaker Clears Q4 Views Following $6 Billion Meta Deal
• Negative Sentiment: Momentum/valuation watch: After the rapid run and elevated valuation metrics, some traders and commentators urged caution and suggested waiting for a pullback before buying. Jim Cramer on Corning

Corning Price Performance

Shares of NYSE GLW opened at $104.48 on Thursday. The company has a market capitalization of $89.58 billion, a price-to-earnings ratio of 66.13, a PEG ratio of 1.93 and a beta of 1.13. 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 Incorporated has a 1-year low of $37.31 and a 1-year high of $113.99. The business has a 50-day moving average of $88.96 and a 200-day moving average of $79.46.

Corning (NYSE:GLW) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the business earned $0.57 EPS. Corning’s quarterly revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities analysts anticipate that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GLW. Weiss Ratings downgraded shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Argus increased their target price on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Oppenheimer set a $100.00 price target on Corning and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Citigroup raised their price objective on Corning from $99.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Mizuho set a $97.00 price objective on Corning in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $97.67.

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.