Aberdeen Group 13F: Cuts Corning (GLW) Stake by $2.4M

Aberdeen Group pared back its position in Corning Incorporated (NYSE: GLW) during the most recent reporting period. According to the fund's latest 13F filing with the SEC, it sold 9,181 shares, a 1.6% decrease in its total holdings. This left the fund with 558,867 shares of the technology company, valued at approximately $148.36 million at the time of the report.

Position Change for Aberdeen Group

The fund's move to trim its stake follows a period of stability in its Corning holdings. Before this sale, Aberdeen Group held 568,048 shares. The reduction brings the total position to 558,867 shares. While the fund sold off a portion of its stock, the remaining investment still represents a substantial commitment to the glass and materials science giant, with a cost basis of $39.92 per share.

Corning Stock Performance

On Wednesday, shares of Corning were trading at $265.46. The stock has shown remarkable strength over the past year, moving from a 52-week low of $77.39 to a high of $271.78. This rally has pushed the company to a market value of about $119.24 billion. The stock is currently trading well above its long-term trend lines, including its 200-day moving average of $153.43 and its 50-day moving average of $154.94. With a price-to-earnings ratio of 63.5, the market is pricing in expectations for future growth, though the forward P/E ratio sits lower at 31.7.

Recent Earnings and Growth

Corning's financial health remains tied to its diverse business lines. The company reported revenue of $16.96 billion, representing growth of 16.6%. Its net margin stands at 11.2%, and the company achieved a return on equity of 16.8%. These results contributed to earnings per share of $2.18. Investors are looking toward the next earnings announcement, which is scheduled for October 27, 2026, to see if the company can maintain this trajectory.

Dividend Data

For investors focused on income, Corning pays an annual dividend with a yield of 0.81%. The company maintains a payout ratio of 51.4%, suggesting it uses about half of its earnings to cover these payments while retaining the rest for business operations and growth.

Analysts Set New Price Targets

Wall Street analysts have been active in reviewing Corning lately. On October 5, 2026, UBS kept a buy rating on the stock and raised its price target to $201.00. A few days earlier, on October 2, 2026, Truist Securities also reiterated a buy rating with a $182.00 target. Not all firms are as aggressive; Bernstein initiated coverage on September 30, 2026, with a market perform rating and a $140.00 target. Overall, the consensus among 17 analysts is a buy, with an average price target of $187.71.

About Corning Incorporated

Corning is a world leader in materials science, specializing in glass, ceramics, and optical physics. The company provides the essential glass used in smartphone screens, televisions, and fiber optic cables for high-speed internet. It also manufactures specialized filters for automotive emissions and laboratory equipment for life sciences research. This broad reach across the technology and industrial sectors makes it a staple for many institutional portfolios.

What to Watch at Corning Incorporated

While Aberdeen Group's sale was relatively small, it comes during a busy period for Corning news. In September 2026, Representative Maria Elvira Salazar disclosed several trades in the stock, including both buys and sales in the $1,001 to $15,000 range. Investors should keep in mind that 13F filings are a look at the past and show what a fund held at the end of a quarter, rather than its current daily activity. The next major catalyst for the stock will likely be the October 27 earnings report.