Corning Incorporated $GLW Stake Raised by Novem Group

Posted by Geri Gentry on Oct 19th, 2026

Novem Group raised its holdings in Corning Incorporated (NYSE:GLW – Free Report) by 58.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,675 shares of the electronics maker’s stock after purchasing an additional 3,927 shares during the quarter. Novem Group’s holdings in Corning were worth $1,641,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Greg Jennings LLC bought a new stake in shares of Corning during the 3rd quarter worth $2,959,000. Capital Square LLC acquired a new position in Corning during the third quarter worth about $243,000. Herold Advisors Inc. lifted its holdings in shares of Corning by 1.1% in the third quarter. Herold Advisors Inc. now owns 11,540 shares of the electronics maker’s stock worth $1,774,000 after acquiring an additional 125 shares during the last quarter. Kaufman Rossin Wealth LLC lifted its holdings in shares of Corning by 6.0% in the third quarter. Kaufman Rossin Wealth LLC now owns 2,526 shares of the electronics maker’s stock worth $388,000 after acquiring an additional 144 shares during the last quarter. Finally, Cottage Street Advisors LLC boosted its stake in shares of Corning by 6.1% in the 3rd quarter. Cottage Street Advisors LLC now owns 9,807 shares of the electronics maker’s stock valued at $1,508,000 after purchasing an additional 567 shares in the last quarter. Institutional investors own 69.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Corning from $200.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Oppenheimer dropped their price objective on shares of Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Sanford C. Bernstein assumed coverage on shares of Corning in a research report on Wednesday, September 30th. They issued a “market perform” rating and a $140.00 target price on the stock. The Goldman Sachs Group restated an “outperform” rating on shares of Corning in a research report on Tuesday, September 15th. Finally, Citigroup decreased their target price on shares of Corning from $240.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Corning presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.56.

Check Out Our Latest Analysis on Corning

Corning Trading Up 0.6%

Corning stock traded up $0.83 during trading hours on Monday, hitting $132.83. The stock had a trading volume of 6,864,080 shares, compared to its average volume of 11,934,437. The business’s 50 day simple moving average is $153.68 and its 200-day simple moving average is $168.93. Corning Incorporated has a one year low of $77.39 and a one year high of $271.78. The stock has a market cap of $114.42 billion, a price-to-earnings ratio of 60.65, a P/E/G ratio of 1.68 and a beta of 1.13. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59.

Corning (NYSE:GLW – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. The company 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 business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, equities analysts predict that Corning Incorporated will post 3.28 EPS for the current fiscal year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 13th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, November 13th. Corning’s dividend payout ratio is 51.14%.

Insider Transactions at Corning

In other news, EVP Lewis Steverson sold 13,100 shares of Corning stock in a transaction 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 approximately $2,277,217.08. The trade was a 46.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.25% of the company’s stock.

Corning Company 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.