Highland Capital Management 13F: Cuts Corning (GLW) Stake by $11M

Highland Capital Management cut its stake in Corning Incorporated (GLW) by 71,243 shares in a filing on October 26, 2026. This reduction brings the fund's total holdings down to 6,140 shares, valued at approximately $944,086. The filing reveals that Highland's position in Corning now represents about 0.11% of its total reported portfolio worth $833 million.

GLW Corning Incorporated

$127.74 ▲ +41.63% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Corning Fits in Highland Capital Management's Portfolio

Highland's position in Corning is ranked 40th out of 415 holdings in its portfolio. This recent cut marks a substantial 92.1% decrease in their Corning shares.

Other Institutional Activity in Corning

Lanark Financial boosted its holdings in Corning by 14,880 shares, increasing its total to 40,773 shares valued at about $6.27 million. This shows a strong commitment to the stock while Highland has reduced its stake.

Corning Incorporated Stock Up 3.3%

Corning's stock recently traded at $127.77 as of October 27, 2026, which is about equal to its closing price of $127.74 on October 26. The shares are currently below both their 50-day and 200-day moving averages by 15.1% and 17.5%, respectively, and are significantly lower than their 52-week high of $271.78, reflecting a challenging market environment.

Recent Earnings

Corning reported trailing twelve-month revenue of approximately $16.96 billion, showing a year-over-year growth of 16.6%. The next earnings report is expected in early 2027, which could provide more insights into the company’s performance.

Insider Buying and Selling at Corning Incorporated

Several insiders have sold shares recently, including Chief Executive Officer Wendell P. Weeks, who sold 100,000 shares on June 9, 2026, at an average price of $186.46. This indicates a trend of selling among the company's top executives, which may have implications for investor sentiment.

Analysts Set New Price Targets

Analysts have mixed views on Corning. On September 15, 2026, Mizuho maintained an Outperform rating with a price target of $180. Bernstein initiated coverage with a Market Perform rating and a target of $140. Truist Securities and UBS both maintained Buy ratings, with targets of $182 and $201, respectively. The current consensus rating is a strong buy with a mean price target of $187.41, reflecting optimism about the company’s long-term prospects.

About Corning

Corning Incorporated is a leading company in the technology sector, focusing on optical communications, display technologies, and specialty materials. With operations in multiple countries, Corning plays a significant role in various industries, including automotive and life sciences. The recent share adjustments by Highland Capital Management may signal a reevaluation of the stock's potential in the current market climate.

Bottom Line

Investors will be watching Corning closely, especially as the next earnings date approaches in early 2027. The recent reductions by Highland and other institutions could impact market sentiment, as analysts continue to provide varied ratings and price targets for the stock.