Highland Capital Management LLC Has $7.11 Million Position in Corning Incorporated $GLW

Highland Capital Management LLC trimmed its stake in Corning Incorporated (NYSE:GLW) by 5.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 81,218 shares of the electronics maker’s stock after selling 4,275 shares during the period. Highland Capital Management LLC’s holdings in Corning were worth $7,111,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Corning in the 3rd quarter valued at approximately $25,000. Strengthening Families & Communities LLC bought a new position in shares of Corning in the 3rd quarter valued at approximately $27,000. Cornerstone Planning Group LLC raised its stake in shares of Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 124 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Corning during the 4th quarter worth about $35,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Corning during the 3rd quarter worth about $33,000. 69.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GLW has been the subject of several research analyst reports. Susquehanna boosted their price objective on Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Morgan Stanley increased their price objective on Corning from $127.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Weiss Ratings upgraded shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Finally, Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Corning presently has an average rating of “Moderate Buy” and a consensus target price of $150.31.

Insider Buying and Selling at Corning

In other news, COO Avery H. Nelson III sold 1,583 shares of Corning stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $128.74, for a total transaction of $203,795.42. Following the sale, the chief operating officer directly owned 59,788 shares in the company, valued at approximately $7,697,107.12. The trade was a 2.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John Z. Zhang sold 1,531 shares of Corning stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $133.75, for a total transaction of $204,771.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 187,053 shares of company stock worth $27,653,630 in the last 90 days. 0.25% of the stock is currently owned by insiders.

Corning Stock Up 1.4%

NYSE GLW opened at $160.41 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. The firm has a 50-day simple moving average of $148.66 and a 200 day simple moving average of $113.22. Corning Incorporated has a twelve month low of $44.33 and a twelve month high of $179.08. The stock has a market cap of $137.80 billion, a PE ratio of 76.75, a PEG ratio of 2.26 and a beta of 1.14.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the business earned $0.54 EPS. The firm’s revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, research analysts forecast that Corning Incorporated will post 3.17 EPS for the current year.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, May 29th. Corning’s payout ratio is 53.59%.

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.