10,376 Corning Incorporated $GLW Shares Sold by Provident Investment Management Inc.

Posted by Stanley Muller on Oct 26th, 2026

Provident Investment Management Inc. trimmed its stake in shares of Corning Incorporated (NYSE:GLW – Free Report) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 230,368 shares of the electronics maker’s stock after selling 10,376 shares during the quarter. Corning comprises approximately 3.5% of Provident Investment Management Inc.’s investment portfolio, making the stock its 10th biggest position. Provident Investment Management Inc.’s holdings in Corning were worth $35,421,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLW. Alliance Wealth Advisors LLC lifted its stake in shares of Corning by 1.4% during the 2nd quarter. Alliance Wealth Advisors LLC now owns 4,045 shares of the electronics maker’s stock worth $1,033,000 after buying an additional 56 shares during the last quarter. Ares Financial Consulting LLC boosted its holdings in shares of Corning by 15.6% during the 2nd quarter. Ares Financial Consulting LLC now owns 444 shares of the electronics maker’s stock worth $113,000 after buying an additional 60 shares during the period. Signature Equity Partners LLC grew its stake in Corning by 19.3% in the 1st quarter. Signature Equity Partners LLC now owns 383 shares of the electronics maker’s stock valued at $52,000 after buying an additional 62 shares during the last quarter. Beirne Wealth Consulting Services LLC grew its stake in Corning by 0.8% in the 1st quarter. Beirne Wealth Consulting Services LLC now owns 8,045 shares of the electronics maker’s stock valued at $1,094,000 after buying an additional 64 shares during the last quarter. Finally, Balefire LLC grew its stake in Corning by 0.7% in the 1st quarter. Balefire LLC now owns 9,595 shares of the electronics maker’s stock valued at $1,305,000 after buying an additional 65 shares during the last quarter. 69.80% of the stock is owned by institutional investors.

Corning Stock Up 0.0%

GLW opened at $123.75 on Monday. The stock has a fifty day moving average of $150.96 and a 200-day moving average of $168.43. The company has a market capitalization of $106.60 billion, a P/E ratio of 56.51, a P/E/G ratio of 1.56 and a beta of 1.13. Corning Incorporated has a fifty-two week low of $77.39 and a fifty-two week high of $271.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81.

Corning (NYSE:GLW – Get Free Report) last released its quarterly 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. Corning had a net margin of 11.20% and a return on equity of 20.09%. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the prior year, the company posted $0.60 earnings per share. Corning’s revenue was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, equities analysts expect that Corning Incorporated will post 3.30 EPS for the current year.

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 13th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.12 dividend on an annualized basis and a yield of 0.9%. Corning’s payout ratio is currently 51.14%.

Insider Transactions at Corning

In other Corning news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the transaction, the executive vice president owned 15,052 shares in the company, valued at $2,277,217.08. This represents a 46.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.25% of the stock is owned by corporate insiders.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

Positive Sentiment: Corning’s presentation at the OCP Global Summit highlighted demand for optical fiber and high-density connectivity used in AI data centers. Long-term supply agreements with Amazon, NVIDIA, Meta and Verizon improve visibility for the Optical Communications business and could support future growth. Will AI Fiber Demand Change Corning’s Narrative
Positive Sentiment: Analyst estimates are rising ahead of third-quarter results, with AI-driven optical demand and major customer agreements viewed as potential earnings catalysts. Solar profitability recovery remains an important factor for the quarter. Is Corning Stock a Smart Investment Option Before Q3 Earnings Release?
Neutral Sentiment: Wall Street is closely focused on third-quarter revenue, earnings and operating metrics. Corning’s latest reported quarter exceeded consensus expectations, with revenue up 17.1% year over year, while current guidance calls for third-quarter EPS of $0.85 to $0.89. Unlocking Q3 Potential of Corning
Negative Sentiment: JPMorgan lowered its price target for Corning to $165, triggering renewed selling pressure. The reduction suggests the bank sees less near-term upside after the stock’s substantial multiyear rally, despite maintaining interest in the AI-fiber opportunity. JPMorgan Cuts Target for Corning Stock to USD 165
Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Corning investors. The announcement does not establish wrongdoing, but it adds headline and legal risk. Pomerantz Investor Alert

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GLW shares. Weiss Ratings cut shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Sanford C. Bernstein assumed coverage on shares of Corning in a research report on Wednesday, September 30th. They set a “market perform” rating and a $140.00 price objective for the company. UBS Group boosted their price objective on Corning from $196.00 to $201.00 and gave the stock a “buy” rating in a report on Monday, October 5th. JPMorgan Chase & Co. decreased their target price on Corning from $170.00 to $165.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 21st. Finally, The Goldman Sachs Group reaffirmed an “outperform” rating on shares of Corning in a research report on Tuesday, September 15th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.25.

View Our Latest Research Report on GLW

Corning Profile

(Free Report)

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.