Corning Incorporated $GLW Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its stake in Corning Incorporated (NYSE:GLW) by 14.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 110,413 shares of the electronics maker’s stock after selling 18,929 shares during the quarter. Intech Investment Management LLC’s holdings in Corning were worth $9,668,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in GLW. Brighton Jones LLC lifted its holdings in Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after purchasing an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. purchased a new position in Corning in the 1st quarter valued at $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Corning by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock valued at $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Corning in the 2nd quarter valued at $401,000. Finally, Schnieders Capital Management LLC. purchased a new position in Corning in the 2nd quarter valued at $266,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Down 0.9%

NYSE GLW opened at $181.37 on Friday. Corning Incorporated has a 52 week low of $48.88 and a 52 week high of $211.79. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $167.47 and its 200-day simple moving average is $126.60. The firm has a market cap of $156.09 billion, a PE ratio of 86.78, a P/E/G ratio of 2.62 and a beta of 1.14.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, equities analysts anticipate that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, May 29th. Corning’s payout ratio is currently 53.59%.

Analyst Ratings Changes

GLW has been the topic of a number of research reports. Susquehanna raised their price objective on Corning from $125.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Citigroup raised their price objective on Corning from $175.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, May 7th. HSBC restated a “buy” rating and issued a $135.00 price objective on shares of Corning in a report on Friday, February 13th. Mizuho raised their price objective on Corning from $190.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Finally, Barclays raised their price objective on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Corning currently has an average rating of “Moderate Buy” and a consensus price target of $177.92.

Insider Buying and Selling

In other news, SVP Michaune D. Tillman sold 3,260 shares of Corning stock in a transaction on Monday, May 11th. The stock was sold at an average price of $207.02, for a total transaction of $674,885.20. Following the transaction, the senior vice president owned 10,174 shares in the company, valued at $2,106,221.48. The trade was a 24.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the transaction, the senior vice president owned 94,400 shares in the company, valued at approximately $18,138,016. This represents a 22.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 60,655 shares of company stock worth $12,046,561 in the last quarter. 0.25% of the stock is currently owned by insiders.

About Corning

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.