Grandfield & Dodd LLC Has $6.85 Million Stock Position in Corning Incorporated $GLW

Grandfield & Dodd LLC lowered its position in Corning Incorporated (NYSE:GLW) by 30.3% during the 3rd quarter, Holdings Channel reports. The fund owned 83,474 shares of the electronics maker’s stock after selling 36,291 shares during the period. Grandfield & Dodd LLC’s holdings in Corning were worth $6,847,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. REAP Financial Group LLC increased its stake in Corning by 191.5% during the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 339 shares in the last quarter. Total Investment Management Inc. acquired a new position in shares of Corning during the second quarter valued at about $28,000. Financial Management Professionals Inc. grew its holdings in shares of Corning by 111.1% during the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Corning during the second quarter worth about $36,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Corning in the 2nd quarter worth about $38,000. Institutional investors own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

GLW has been the subject of several analyst reports. Oppenheimer set a $100.00 target price on Corning and gave the company an “outperform” rating in a report on Wednesday, October 29th. Morgan Stanley raised their price objective on Corning from $82.00 to $98.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. UBS Group reiterated a “buy” rating and issued a $109.00 target price (up previously from $100.00) on shares of Corning in a research note on Friday, November 21st. Mizuho set a $97.00 price target on shares of Corning in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.36.

Corning Stock Up 0.8%

GLW stock opened at $94.30 on Friday. The stock has a fifty day moving average of $87.40 and a 200-day moving average of $77.93. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $96.64. The company has a market capitalization of $80.85 billion, a price-to-earnings ratio of 59.68, a PEG ratio of 1.15 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.56.

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

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Major channel and customer momentum: coverage highlights Corning’s partnerships with Nvidia, Broadcom and Microsoft and says those relationships could drive a technical breakout as AI data‑center buildouts lift demand for Corning’s optical components. AI Enabler Sparkles And Shines. Now Comes The Main Event.
• Positive Sentiment: Analysts expect earnings growth and a likely beat: previews note Corning has the right mix of revenue drivers (AI, solar, specialty materials) that set up for upside to Q4 results. Corning (GLW) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Pre‑earnings optimism on demand mix: another preview flags strong AI, solar and specialty materials momentum and suggests a surprise is possible when Q4 results hit. Is Corning Stock a Smart Buy Ahead of Q4 Earnings Release?
• Positive Sentiment: Fundamental tailwinds but cautious stance: a detailed preview says Gen‑AI demand is real — optical comms growth, possible pricing power and solar (Hemlock) capacity largely sold for 2025 — though the author remains on hold pending clearer earnings durability. Corning Q4 Preview: Gen AI Tailwinds Are Real, But I Need Higher Earnings Power
• Neutral Sentiment: Broker consensus: a roundup shows an average rating around “Moderate Buy,” which supports sentiment but isn’t uniformly bullish. Corning Incorporated (NYSE:GLW) Given Average Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Earnings timing: reminders that Corning will release quarterly results this week keep focus on the report as the immediate catalyst. Corning (GLW) to Release Quarterly Earnings on Wednesday
• Neutral Sentiment: Market performance note: the stock has recently risen but still trails some broader market movers, indicating mixed short‑term momentum. Corning Inc. stock rises Wednesday, still underperforms market
• Negative Sentiment: Valuation/case for caution: coverage asks whether it’s too late to buy after an ~83% one‑year rally, flagging valuation risk if growth expectations are already priced in. Is It Too Late To Consider Corning (GLW) After Its 1 Year 83% Rally?

Insider Activity

In other news, CFO Edward A. Schlesinger sold 20,893 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $91.25, for a total value of $1,906,486.25. Following the completion of the transaction, the chief financial officer directly owned 66,959 shares in the company, valued at approximately $6,110,008.75. This trade represents a 23.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stefan Becker sold 12,100 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total transaction of $1,104,488.00. Following the sale, the senior vice president directly owned 5,049 shares in the company, valued at $460,872.72. This trade represents a 70.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 156,135 shares of company stock valued at $14,088,769. Corporate insiders own 0.40% of the company’s stock.

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.