Turn8 Private Wealth Inc. Acquires 5,075 Shares of Corning Incorporated $GLW

Posted by George Bondi on Nov 11th, 2026

Turn8 Private Wealth Inc. acquired a new stake in Corning Incorporated (NYSE:GLW – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 5,075 shares of the electronics maker’s stock, valued at approximately $780,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLW. Moneco Advisors LLC raised its position in Corning by 4.6% in the 3rd quarter. Moneco Advisors LLC now owns 4,451 shares of the electronics maker’s stock valued at $684,000 after purchasing an additional 194 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in shares of Corning by 11.3% during the third quarter. Cornerstone Wealth Management LLC now owns 6,959 shares of the electronics maker’s stock worth $1,070,000 after buying an additional 708 shares in the last quarter. Gables Capital Management Inc. grew its position in shares of Corning by 24.7% during the third quarter. Gables Capital Management Inc. now owns 8,021 shares of the electronics maker’s stock worth $1,233,000 after buying an additional 1,590 shares in the last quarter. Fingerlakes Wealth Management Inc. grew its position in shares of Corning by 23.0% during the third quarter. Fingerlakes Wealth Management Inc. now owns 2,131 shares of the electronics maker’s stock worth $328,000 after buying an additional 399 shares in the last quarter. Finally, New York Life Investment Management LLC increased its stake in shares of Corning by 1.9% during the third quarter. New York Life Investment Management LLC now owns 118,645 shares of the electronics maker’s stock worth $18,243,000 after buying an additional 2,257 shares during the period. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Trading Down 3.2%

NYSE:GLW opened at $112.21 on Wednesday. The stock has a 50-day simple moving average of $143.08 and a 200-day simple moving average of $155.76. The stock has a market cap of $96.66 billion, a P/E ratio of 45.43, a P/E/G ratio of 1.43 and a beta of 1.23. Corning Incorporated has a 1 year low of $77.39 and a 1 year high of $271.78. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 1.72.

Corning (NYSE:GLW – Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The electronics maker reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Corning had a return on equity of 20.83% and a net margin of 12.13%. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the prior year, the business posted $0.67 EPS. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. As a group, analysts anticipate that Corning Incorporated will post 3.38 earnings per share for the current fiscal year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 13th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, November 13th. Corning’s dividend payout ratio is currently 45.34%.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

Positive Sentiment: Corning’s shares gained 32.5% over the past year, outperforming both its industry and the S&P 500, with AI infrastructure demand, optical communications growth, and solar expansion cited as drivers. GLW Stock Rises 32.5% in a Year: Is There Still Room to Grow?
Positive Sentiment: Forty ETFs bought Corning shares on Nov. 5, while 16 sold, resulting in a reported net $47.6 million inflow. ETFs Bought $47.6 Million of Corning
Neutral Sentiment: A technical analysis article describes GLW as oversold, suggesting the possibility of a bounce, but says the stock’s broader trend remains weak. Corning Stock Price Prediction
Negative Sentiment: Coverage says the AI “picks-and-shovels” trade is retreating, a shift that can weigh on Corning given investor interest in its AI-related infrastructure exposure. The AI Picks-and-Shovels Trade Caves In
Negative Sentiment: Sanford C. Bernstein cut its GLW price target to $120 from $140 and maintained a “market perform” rating, signaling more cautious expectations. Corning Price Targets

Analysts Set New Price Targets

Several brokerages recently weighed in on GLW. UBS Group reduced their target price on shares of Corning from $201.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Morgan Stanley lowered their price target on shares of Corning from $165.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday, October 28th. Bank of America dropped their price objective on shares of Corning from $243.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. The Goldman Sachs Group reissued an “outperform” rating on shares of Corning in a research report on Tuesday, September 15th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Corning from $170.00 to $165.00 and set a “neutral” rating on the stock in a report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and an average price target of $174.56.

Get Our Latest Report on GLW

Insider Buying and Selling

In other Corning news, EVP Lewis Steverson sold 13,100 shares of the firm’s 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 sale, the executive vice president owned 15,052 shares of the company’s stock, valued at approximately $2,277,217.08. This trade represents a 46.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by corporate insiders.

About Corning

(Free Report)

Corning Incorporated is a materials science and technology company with roots dating to 1851, when it was established as Corning Glass Works. The company develops and manufactures specialty glass, ceramics and optical materials for customers in a range of industries. Its products include optical fiber, cable and connectivity solutions for communications networks; glass substrates used in display technologies; and specialty glass such as Gorilla Glass for consumer electronics. Corning also makes ceramic substrates and filters for emissions-control systems, as well as glassware and other products for life sciences and laboratory use.