Corning Incorporated $GLW Shares Sold by WASHINGTON TRUST Co

Posted by Geri Gentry on Oct 24th, 2026

WASHINGTON TRUST Co trimmed its position in shares of Corning Incorporated (NYSE:GLW – Free Report) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,591 shares of the electronics maker’s stock after selling 6,692 shares during the period. WASHINGTON TRUST Co’s holdings in Corning were worth $26,384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. BIP Wealth LLC grew its holdings in Corning by 31.0% in the 3rd quarter. BIP Wealth LLC now owns 2,857 shares of the electronics maker’s stock valued at $439,000 after buying an additional 676 shares during the last quarter. River Street Advisors LLC increased its position in Corning by 6.7% in the 3rd quarter. River Street Advisors LLC now owns 19,835 shares of the electronics maker’s stock worth $3,050,000 after buying an additional 1,240 shares during the period. Old North State Wealth Management LLC lifted its holdings in shares of Corning by 3.9% during the third quarter. Old North State Wealth Management LLC now owns 34,865 shares of the electronics maker’s stock worth $5,362,000 after buying an additional 1,304 shares during the last quarter. NBT Bank N.A. acquired a new position in shares of Corning during the third quarter worth approximately $924,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of Corning by 9.2% in the third quarter. SBI Securities Co. Ltd. now owns 18,862 shares of the electronics maker’s stock valued at $2,900,000 after acquiring an additional 1,592 shares during the period. 69.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GLW. JPMorgan Chase & Co. lowered their price objective on shares of Corning from $170.00 to $165.00 and set a “neutral” rating on the stock in a research note on Wednesday. UBS Group upped their target price on shares of Corning from $196.00 to $201.00 and gave the company a “buy” rating in a research note on Monday, October 5th. Weiss Ratings downgraded shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Finally, Bank of America decreased their price target 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. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Corning has a consensus rating of “Moderate Buy” and a consensus target price of $177.25.

Read Our Latest Stock Report on GLW

More Corning News

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

Insider Activity

In other news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $151.29, for a total value of $1,981,899.00. Following the completion of the transaction, the executive vice president owned 15,052 shares in the company, valued at approximately $2,277,217.08. This represents a 46.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Corning Stock Performance

Shares of NYSE:GLW traded down $0.24 during trading on Friday, hitting $123.75. 8,550,426 shares of the stock were exchanged, compared to its average volume of 7,813,206. The company has a market capitalization of $106.60 billion, a price-to-earnings ratio of 56.51, a price-to-earnings-growth ratio of 1.56 and a beta of 1.13. 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 Incorporated has a 1-year low of $77.39 and a 1-year high of $271.78. The company’s fifty day simple moving average is $150.96 and its 200-day simple moving average is $168.28.

Corning (NYSE:GLW – Get Free Report) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%. Corning’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Sell-side analysts expect that Corning Incorporated will post 3.30 EPS for the current fiscal year.

Corning Announces Dividend

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 issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Corning’s payout ratio is 51.14%.

About Corning

(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.