CGN Advisors LLC Sells 8,572 Shares of Corning Incorporated $GLW

CGN Advisors LLC reduced its position in Corning Incorporated (NYSE:GLW) by 37.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,078 shares of the electronics maker’s stock after selling 8,572 shares during the quarter. CGN Advisors LLC’s holdings in Corning were worth $3,596,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GLW. Pacific Excel Wealth Advisors Inc. acquired a new position in Corning during the 2nd quarter worth approximately $265,000. Neville Rodie & Shaw Inc. increased its holdings in Corning by 5.9% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 68,774 shares of the electronics maker’s stock worth $17,567,000 after purchasing an additional 3,855 shares in the last quarter. Private Client Services LLC acquired a new position in Corning in the 2nd quarter worth about $212,000. RDA Financial Network raised its position in Corning by 6.9% in the second quarter. RDA Financial Network now owns 1,902 shares of the electronics maker’s stock valued at $486,000 after purchasing an additional 123 shares during the last quarter. Finally, Trilogy Capital Inc. raised its position in Corning by 4.3% in the second quarter. Trilogy Capital Inc. now owns 2,178 shares of the electronics maker’s stock valued at $556,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Truist upgraded Corning to Buy: The firm said July’s sharp sell-off created an attractive entry point, helping revive investor interest in Corning’s optical networking and specialty-glass businesses. Corning upgraded by Truist, firm says pullback provides opportunity
• Positive Sentiment: Potential China restrictions are viewed as a catalyst for some suppliers: Reports that China may restrict imports of certain data-center components have lifted several optical and networking stocks, including Corning. Investors may be anticipating changes in sourcing, competition, or demand for Corning’s optical infrastructure products. Marvell, Corning, and Lumentum Stocks Surge on Report of China Import Ban
• Positive Sentiment: Analysts see substantial upside: A report highlighted an average Wall Street price target of $193.40, while other coverage points to artificial-intelligence infrastructure, solar, and automotive demand as longer-term growth drivers. Corning Dropped 25% Over a Month: A Major U.S. Bank Expects 66% Gains Over The Near Term
• Neutral Sentiment: Recent earnings provide support: Corning exceeded quarterly revenue and earnings expectations, with revenue up 17.1% year over year, and guided to third-quarter earnings of $0.85–$0.89 per share. The strong results support the recovery narrative, though the stock’s elevated valuation leaves less room for disappointment.
• Negative Sentiment: Polysilicon tariffs and China-related curbs remain risks: Potential U.S. tariffs or a polysilicon price floor could raise costs or pressure Corning’s solar and semiconductor-materials businesses. China restrictions could also disrupt customers and supply chains, making the immediate effect on earnings difficult to assess. Corning Faces New Questions As Polysilicon Tariffs And China Curbs Loom

Insider Activity at Corning

In related news, CEO Wendell P. Weeks sold 100,000 shares of Corning stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the completion of the transaction, the chief executive officer owned 908,353 shares of the company’s stock, valued at $169,371,500.38. This trade represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jaymin Amin sold 27,395 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the completion of the transaction, the senior vice president owned 94,400 shares in the company, valued at approximately $18,138,016. The trade was a 22.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 160,655 shares of company stock valued at $30,692,560 over the last 90 days. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GLW has been the topic of several research reports. Citigroup reduced their price target on Corning from $240.00 to $220.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. JPMorgan Chase & Co. cut their target price on shares of Corning from $200.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Barclays reduced their target price on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Mizuho dropped their price target on shares of Corning from $270.00 to $210.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.08.

Corning Price Performance

Shares of GLW opened at $159.93 on Wednesday. The business has a 50-day moving average of $181.24 and a 200-day moving average of $158.13. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24. The company has a market capitalization of $137.76 billion, a price-to-earnings ratio of 73.03, a price-to-earnings-growth ratio of 1.89 and a beta of 1.14. Corning Incorporated has a 1 year low of $63.07 and a 1 year high of $271.78.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.76 by $0.02. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The firm’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, equities research analysts anticipate that Corning Incorporated will post 3.26 earnings per share for the current year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, August 31st. Corning’s dividend payout ratio is currently 51.14%.

About Corning

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.