Corning Incorporated $GLW Shares Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG raised its stake in Corning Incorporated (NYSE:GLW) by 318.8% during the third quarter, Holdings Channel.com reports. The firm owned 25,125 shares of the electronics maker’s stock after purchasing an additional 19,125 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Corning were worth $2,061,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Phoenix Financial Ltd. increased its stake in shares of Corning by 27.4% during the third quarter. Phoenix Financial Ltd. now owns 5,122 shares of the electronics maker’s stock worth $420,000 after buying an additional 1,102 shares during the period. Paragon Private Wealth Management LLC acquired a new position in Corning during the 3rd quarter worth approximately $670,000. Triton Financial Group Inc increased its position in shares of Corning by 5.6% in the 3rd quarter. Triton Financial Group Inc now owns 20,796 shares of the electronics maker’s stock valued at $1,706,000 after purchasing an additional 1,104 shares during the last quarter. Red Cedar Investment Management LLC raised its holdings in shares of Corning by 13.8% in the 3rd quarter. Red Cedar Investment Management LLC now owns 119,052 shares of the electronics maker’s stock valued at $9,766,000 after purchasing an additional 14,402 shares in the last quarter. Finally, Guardian Asset Advisors LLC purchased a new stake in shares of Corning during the 3rd quarter worth $228,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Meta agreed to buy up to $6 billion of fiber‑optic cable from Corning through 2030, anchoring large, multiyear demand from a major hyperscaler and materially increasing revenue visibility for Corning’s optical‑fiber business. Meta Enters Up to $6 Billion Data-Center Fiber-Optic Cable Deal With Corning
• Positive Sentiment: Corning reported record Q4 and full‑year 2025 results (core sales and core EPS up strongly) and upgraded its Springboard plan to target faster sales growth — signaling improved profitability and stronger execution entering 2026. Corning Announces Outstanding 2025 Financial Results
• Positive Sentiment: Management forecasted first‑quarter sales above analysts’ estimates, citing resilient demand for optical fiber — the product line that generates roughly 40% of Corning’s revenue — which supports near‑term top‑line upside. Corning forecasts first-quarter sales above estimates on strong optical fiber demand
• Neutral Sentiment: Coverage from outlets like Forbes and Investopedia highlights the AI/data‑center tailwind (and the Meta deal) as the reason for the stock jump and new 52‑week highs — this drives momentum but also raises expectations for future execution. Corning Stock’s AI Surge: After The Meta Blockbuster, Is GLW Still A Buy?
• Negative Sentiment: Valuation and momentum risk: commentators (including Jim Cramer) warned the stock may be extended after the rally, suggesting investors could face a pullback or should wait for a better entry — monitor P/E and margin trends as multiples are elevated versus history. Jim Cramer on Corning

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research firms recently commented on GLW. JPMorgan Chase & Co. increased their target price on Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a 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. Susquehanna increased their price objective on Corning from $75.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. UBS Group reissued a “buy” rating and set a $109.00 target price (up previously from $100.00) on shares of Corning in a research report on Friday, November 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a report on Monday, December 29th. One research 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’s stock. According to MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and a consensus target price of $96.42.

Corning Stock Up 15.5%

Shares of NYSE GLW opened at $109.67 on Wednesday. The business has a 50-day moving average price of $88.50 and a 200 day moving average price of $79.29. The stock has a market cap of $94.03 billion, a PE ratio of 69.41, a price-to-earnings-growth ratio of 1.67 and a beta of 1.13. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $113.99.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.24 billion. Corning had a return on equity of 18.12% and a net margin of 9.16%.The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 earnings per share. Equities research analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current year.

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.