Corning Incorporated $GLW Shares Sold by Gateway Investment Advisers LLC

04 Jan 2026, 12:54 by Michael Walen · The Markets Daily

Gateway Investment Advisers LLC reduced its holdings in Corning Incorporated (NYSE:GLW – Free Report) by 11.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 293,039 shares of the electronics maker’s stock after selling 39,650 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Corning were worth $24,038,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of GLW. Fifth Third Wealth Advisors LLC lifted its holdings in Corning by 11.6% in the third quarter. Fifth Third Wealth Advisors LLC now owns 7,014 shares of the electronics maker’s stock valued at $575,000 after acquiring an additional 729 shares during the period. Penobscot Investment Management Company Inc. increased its holdings in shares of Corning by 8.1% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 40,093 shares of the electronics maker’s stock valued at $3,289,000 after purchasing an additional 3,000 shares in the last quarter. Radnor Capital Management LLC increased its holdings in shares of Corning by 4.9% in the 3rd quarter. Radnor Capital Management LLC now owns 46,177 shares of the electronics maker’s stock valued at $3,788,000 after purchasing an additional 2,152 shares in the last quarter. SC&H Financial Advisors Inc. acquired a new stake in shares of Corning in the third quarter valued at about $311,000. Finally, Moss Adams Wealth Advisors LLC purchased a new stake in Corning during the third quarter worth about $264,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GLW. Citigroup increased their target price on shares of Corning from $93.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Morgan Stanley lifted their price objective on Corning from $82.00 to $98.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. lifted their price target on Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Corning has a consensus rating of “Moderate Buy” and an average target price of $93.09.

Read Our Latest Report on GLW

Insider Activity

In other news, 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 value of $2,060,795.10. Following the completion of the sale, the executive vice president owned 17,575 shares of the company’s stock, valued at $1,565,053.75. The trade was a 56.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stefan Becker sold 12,100 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $91.28, for a total value of $1,104,488.00. Following the completion of the transaction, the senior vice president owned 5,049 shares of the company’s stock, valued at $460,872.72. The trade was a 70.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 156,135 shares of company stock valued at $14,088,769 over the last quarter. Insiders own 0.40% of the company’s stock.

Corning Stock Up 3.5%

Shares of NYSE:GLW opened at $90.62 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $77.69 billion, a P/E ratio of 57.35, a P/E/G ratio of 1.65 and a beta of 1.13. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $96.64. The stock’s fifty day simple moving average is $86.60 and its 200-day simple moving average is $74.33.

Corning (NYSE:GLW – Get Free Report) last announced its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. Corning had a net margin of 9.16% and a return on equity of 18.12%. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, equities research analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 14th were given a dividend of $0.28 per share. The ex-dividend date was Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a yield of 1.2%. Corning’s dividend payout ratio (DPR) is 70.89%.

About Corning

(Free Report)

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.