Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in shares of Corning Incorporated (NYSE:GLW – Free Report) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 337,682 shares of the electronics maker’s stock after selling 15,429 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Corning were worth $29,431,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Corning during the 3rd quarter valued at approximately $25,000. Strengthening Families & Communities LLC purchased a new stake in shares of Corning during the 3rd quarter valued at approximately $27,000. Cornerstone Planning Group LLC lifted its stake in shares of Corning by 58.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after buying an additional 124 shares in the last quarter. Financial Management Professionals Inc. lifted its stake in shares of Corning by 111.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after buying an additional 200 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Corning during the 4th quarter valued at approximately $35,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
GLW has been the topic of a number of recent research reports. Fox Advisors cut shares of Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. Susquehanna upped their price target on shares of Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. Barclays set a $100.00 target price on shares of Corning in a research note on Thursday, January 29th. JPMorgan Chase & Co. cut shares of Corning from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $115.00 to $175.00 in a research note on Thursday, April 16th. Finally, Bank of America increased their target price on shares of Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $140.08.
Insider Transactions at Corning
In other news, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the transaction, the chief financial officer owned 54,780 shares of the company’s stock, valued at $5,727,249. This represents a 27.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Lewis A. Steverson sold 15,366 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the transaction, the executive vice president directly owned 3,461 shares in the company, valued at approximately $450,691.42. This represents a 81.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 233,201 shares of company stock worth $32,614,558. Company insiders own 0.25% of the company’s stock.
Corning Price Performance
Shares of NYSE:GLW opened at $169.53 on Friday. The company’s fifty day moving average price is $145.59 and its 200-day moving average price is $110.15. The firm has a market capitalization of $145.63 billion, a price-to-earnings ratio of 92.13, a PEG ratio of 2.42 and a beta of 1.06. Corning Incorporated has a one year low of $42.00 and a one year high of $176.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04.
Corning (NYSE:GLW – Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities research analysts anticipate that Corning Incorporated will post 3.15 earnings per share for the current fiscal year.
Corning Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. Corning’s dividend payout ratio is presently 60.87%.
More Corning News
Here are the key news stories impacting Corning this week:
- Positive Sentiment: Morgan Stanley raised its price target on Corning to $140 (from $127) and cited continuing strength in optical stocks — a vote of confidence for the fiber/optics story that supports demand assumptions for Corning’s connectivity businesses. Note: the firm kept an Equal Weight rating. Morgan Stanley Lifts Corning (GLW) PT to $140 as Optical Stocks Hit New Highs
- Positive Sentiment: Zacks and other analyst write-ups highlight Corning among names likely to beat Q1 estimates, driven by AI/cloud/data‑center demand for fiber, optical components and related glass products — supportive near‑term earnings expectations. The Zacks Analyst Blog Sandisk, Monolithic Power Systems, Garmin and Corning
- Positive Sentiment: Sector pieces name GLW as a communication/connection play likely to benefit from fiber densification, 5G rollouts and cloud buildouts — reinforcing longer‑cycle demand visibility for Corning’s comms-related segments. 3 Communication Stocks Likely Benefit Despite Geopolitical Unrest
- Positive Sentiment: Zacks included Corning on a list of dividend growers to consider amid geopolitical uncertainty — underscores income-investor appeal alongside growth from optical/data-center exposure. 5 Dividend Growth Stocks to Buy Amid Extended US Ceasefire With Iran
- Neutral Sentiment: Preview pieces and countdowns to Corning’s Q1 report are circulating, highlighting key metrics beyond EPS/revenue that investors will watch (segment trends, fiber demand, optical pricing). These are informational ahead of results. Countdown to Corning (GLW) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
- Neutral Sentiment: Market commentary (including a piece on Jim Cramer and JPMorgan’s coverage) is drawing attention to differing media/analyst views — useful for sentiment but not a direct fundamental driver. Jim Cramer’s Hurt By JPMorgan’s Coverage of Corning (GLW) Stock
- Negative Sentiment: A Yahoo Finance piece asks whether it’s too late to buy after Corning’s huge run (nearly 292% over 1 year and very strong YTD performance), highlighting valuation/stretch risk and the possibility of profit‑taking if Q1 guidance or forward commentary disappoints. Is It Too Late To Consider Corning (GLW) After Its Huge 1-Year Share Price Surge?
Corning Company Profile
Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.
Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.
See Also
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