Cantor Fitzgerald Investment Advisors L.P. 13F: Exits GLW Stake

Cantor Fitzgerald Investment Advisors L.P. sold out of its entire position in Corning Incorporated (NYSE: GLW). In a filing on October 16, 2026, the firm cut its holdings by 69,258 shares, which were valued at about $9.2 million at the time of the sale.

What Changed in Cantor Fitzgerald's Corning Position

Cantor Fitzgerald fully exited its position in Corning, reducing its stake from 69,258 shares to 0 shares. This marks a complete withdrawal from the investment that had been valued at approximately $9.2 million.

Other Institutional Activity in Corning

Several other institutional investors adjusted their positions in Corning. Blackrock Inc. reduced its stake by 947,323 shares, ending with 65,765,574 shares worth about $8.7 billion. Vanguard Capital Management LLC grew its holdings by 373,388 shares, bringing its total to 50,831,214 shares valued at approximately $6.7 billion. State Street Corporation boosted its position by 4,844,813 shares, now holding 41,108,384 shares worth about $5.4 billion. Additionally, JPMorgan Chase & Co increased its stake significantly by 24,145,075 shares, holding a total of 36,016,393 shares valued at around $4.8 billion.

Corning Incorporated Stock Down 5.6%

Corning's stock recently traded around $132.95, which is below its 50-day moving average of $154.94 and its 200-day average of $153.43. The current price is also significantly below its 52-week high of $271.78, representing a decline of about 51.1% from that peak. However, it remains above its 52-week low of $77.39, which is 71.8% higher than the recent trading price.

Recent Earnings

Corning reported trailing twelve-month revenue of approximately $16.96 billion, with an earnings per share (EPS) of $2.18. The company experienced a year-over-year revenue growth of 16.6%. Its next earnings report is scheduled for October 27, 2026.

Insider Buying and Selling at Corning Incorporated

Several insiders have sold shares recently. Jaymin Amin, Chief Technology Officer, sold 27,395 shares at an average price of $192.14 on May 22, 2026. CEO Wendell P. Weeks sold 100,000 shares at $186.46 on June 9, 2026. Additionally, Lewis A. Steverson sold 13,100 shares at $151.29 on August 28, 2026, and Michelle L. Gullo sold 9,874 shares at $152.29 on September 4, 2026.

Analysts Set New Price Targets

On September 8, 2026, China Renaissance initiated coverage on Corning with a 'Buy' rating and a price target of $238.00. Mizuho maintained its 'Outperform' rating with a new target of $180.00 on September 15, 2026, down from $210.00. Bernstein also initiated a 'Market Perform' rating with a target of $140.00 on September 30, 2026. Truist Securities and UBS further maintained their 'Buy' ratings with targets of $182.00 and $201.00, respectively.

About Corning Incorporated

Corning Incorporated specializes in optical communications, display technology, specialty materials, automotive components, and life sciences. The company operates across several countries, including the United States, Canada, Japan, and China. The recent changes in Cantor Fitzgerald's investment reflect broader market dynamics affecting Corning's stock performance.

Bottom Line

Corning's stock performance will be crucial to watch as it approaches its next earnings date on October 27, 2026. The recent exit by Cantor Fitzgerald suggests a shift in investor confidence, and future filings may reveal more about institutional sentiment regarding Corning. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.