Corning Incorporated $GLW Stock: Kingswood Wealth Advisors LLC Lowers Position

Kingswood Wealth Advisors LLC decreased its holdings in shares of Corning Incorporated (NYSE:GLW) by 30.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,614 shares of the electronics maker’s stock after selling 6,488 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Corning were worth $2,247,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Herbst Group LLC bought a new position in shares of Corning in the second quarter worth approximately $4,474,000. Principal Financial Group Inc. increased its holdings in shares of Corning by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker’s stock worth $121,483,000 after buying an additional 10,591 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in Corning by 36.2% in the first quarter. Wealthfront Advisers LLC now owns 92,425 shares of the electronics maker’s stock worth $12,567,000 after buying an additional 24,589 shares in the last quarter. Silverlake Wealth Management LLC purchased a new stake in Corning in the second quarter worth approximately $1,872,000. Finally, Atlas Wealth LLC grew its position in Corning by 137.8% during the first quarter. Atlas Wealth LLC now owns 12,076 shares of the electronics maker’s stock valued at $1,642,000 after acquiring an additional 6,998 shares during the last quarter. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Corning

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on GLW shares. Truist Financial lifted their price objective on Corning from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. Mizuho decreased their price objective on shares of Corning from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, September 15th. Oppenheimer lowered their target price on Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. The Goldman Sachs Group restated an “outperform” rating on shares of Corning in a research note on Tuesday, September 15th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Corning from $170.00 to $165.00 and set a “neutral” rating for the company in a report on Wednesday, October 21st. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Corning presently has an average rating of “Moderate Buy” and an average price target of $177.25.

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

Corning Trading Down 0.8%

Corning stock opened at $126.69 on Wednesday. Corning Incorporated has a one year low of $77.39 and a one year high of $271.78. The stock has a fifty day moving average of $149.49 and a 200 day moving average of $154.34.

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

Corning Announces Dividend

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

About Corning

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.