OPTIMAS CAPITAL Ltd Invests $5.18 Million in Corning Incorporated $GLW

OPTIMAS CAPITAL Ltd acquired a new position in Corning Incorporated (NYSE:GLW) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 59,100 shares of the electronics maker’s stock, valued at approximately $5,175,000. Corning comprises approximately 5.7% of OPTIMAS CAPITAL Ltd’s holdings, making the stock its 4th largest position.

Several other hedge funds have also recently made changes to their positions in GLW. Deseret Mutual Benefit Administrators grew its stake in shares of Corning by 9.6% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 6,678 shares of the electronics maker’s stock valued at $585,000 after buying an additional 586 shares during the period. Vise Technologies Inc. grew its stake in shares of Corning by 98.3% in the 4th quarter. Vise Technologies Inc. now owns 23,212 shares of the electronics maker’s stock valued at $2,032,000 after buying an additional 11,509 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Corning by 3.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 128,917 shares of the electronics maker’s stock valued at $11,288,000 after buying an additional 4,185 shares during the period. Cibc World Market Inc. grew its stake in shares of Corning by 17.6% in the 4th quarter. Cibc World Market Inc. now owns 119,874 shares of the electronics maker’s stock valued at $10,496,000 after buying an additional 17,949 shares during the period. Finally, TD Asset Management Inc grew its stake in shares of Corning by 22.3% in the 4th quarter. TD Asset Management Inc now owns 2,363,820 shares of the electronics maker’s stock valued at $206,976,000 after buying an additional 430,664 shares during the period. 69.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Corning news, SVP Soumya Seetharam sold 20,000 shares of Corning stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the transaction, the senior vice president owned 25,570 shares of the company’s stock, valued at $5,273,301.10. This trade represents a 43.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michaune D. Tillman sold 3,260 shares of Corning stock in a transaction that occurred 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 directly owned 10,174 shares in the company, valued at approximately $2,106,221.48. This represents a 24.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 60,655 shares of company stock worth $12,046,561 over the last 90 days. Company insiders own 0.25% of the company’s stock.

Corning Price Performance

GLW stock opened at $198.24 on Friday. The company has a market capitalization of $170.61 billion, a P/E ratio of 94.85, a price-to-earnings-growth ratio of 2.87 and a beta of 1.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. Corning Incorporated has a 52-week low of $49.47 and a 52-week high of $211.79. The business has a 50-day simple moving average of $172.37 and a two-hundred day simple moving average of $129.93.

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

Corning Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GLW shares. Citigroup raised their target price on Corning from $175.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. UBS Group raised their target price on Corning from $179.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Bank of America raised their target price on Corning from $155.00 to $186.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Barclays raised their target price on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a research note 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $177.92.

Corning 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.