Trilogy Capital Inc. Trims Stake in Corning Incorporated $GLW

Trilogy Capital Inc. reduced its stake in Corning Incorporated (NYSE:GLW) by 51.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,088 shares of the electronics maker’s stock after selling 2,184 shares during the period. Trilogy Capital Inc.’s holdings in Corning were worth $284,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Merit Financial Group LLC increased its stake in shares of Corning by 16.9% during the fourth quarter. Merit Financial Group LLC now owns 45,001 shares of the electronics maker’s stock valued at $3,940,000 after purchasing an additional 6,493 shares in the last quarter. Security National Bank boosted its position in shares of Corning by 340.4% in the 4th quarter. Security National Bank now owns 72,523 shares of the electronics maker’s stock worth $6,350,000 after purchasing an additional 56,056 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Corning by 32.1% in the 3rd quarter. Natixis Advisors LLC now owns 479,921 shares of the electronics maker’s stock worth $39,367,000 after purchasing an additional 116,583 shares in the last quarter. Three Seasons Wealth LLC purchased a new stake in shares of Corning in the 4th quarter worth approximately $1,750,000. Finally, RiverFront Investment Group LLC grew its stake in shares of Corning by 65.4% in the 4th quarter. RiverFront Investment Group LLC now owns 14,718 shares of the electronics maker’s stock worth $1,289,000 after buying an additional 5,818 shares during the last quarter. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP John Z. Zhang sold 10,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $198.34, for a total value of $1,983,400.00. Following the transaction, the vice president directly owned 5,138 shares in the company, valued at $1,019,070.92. This trade represents a 66.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Soumya Seetharam sold 20,000 shares of Corning stock in a transaction on Monday, May 11th. The stock was sold at an average price of $206.23, for a total value of $4,124,600.00. Following the completion of the sale, the senior vice president directly owned 25,570 shares of the company’s stock, valued at $5,273,301.10. The trade was a 43.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 160,655 shares of company stock worth $30,692,560. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

GLW has been the subject of a number of recent research reports. Bank of America lifted their price objective on Corning from $155.00 to $186.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Truist Financial increased their target price on Corning from $149.00 to $205.00 and gave the stock a “hold” rating in a research note on Monday, June 22nd. Oppenheimer raised their price target on Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. UBS Group lifted their price target on Corning from $223.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Finally, Citigroup upped their price target on shares of Corning from $175.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Corning currently has an average rating of “Moderate Buy” and a consensus price target of $182.62.

Corning Stock Performance

Shares of NYSE GLW opened at $255.79 on Tuesday. The firm’s 50-day moving average price is $186.49 and its 200-day moving average price is $143.26. Corning Incorporated has a 52-week low of $51.32 and a 52-week high of $258.80. The company has a market cap of $220.14 billion, a PE ratio of 122.39, a PEG ratio of 3.16 and a beta of 1.15. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last released its quarterly earnings data 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. The firm had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, analysts anticipate that Corning Incorporated will post 3.19 EPS for the current year.

Corning Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.28 per share. The ex-dividend date is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a yield of 0.4%. Corning’s payout ratio is currently 53.59%.

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.