US Bancorp DE Boosts Stock Holdings in Corning Incorporated $GLW

US Bancorp DE increased its stake in Corning Incorporated (NYSE:GLW) by 6.1% in the third quarter, HoldingsChannel reports. The fund owned 426,816 shares of the electronics maker’s stock after purchasing an additional 24,582 shares during the period. US Bancorp DE’s holdings in Corning were worth $35,012,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GLW. Brighton Jones LLC raised its holdings in shares of Corning by 46.0% during the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after acquiring an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. purchased a new stake in Corning in the first quarter worth approximately $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Corning by 9.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after acquiring an additional 5,522 shares during the period. Sivia Capital Partners LLC purchased a new stake in Corning during the second quarter valued at $401,000. Finally, Schnieders Capital Management LLC. bought a new position in Corning in the second quarter valued at about $266,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Trading Up 0.0%

NYSE:GLW opened at $150.31 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $162.10. The stock has a market capitalization of $128.96 billion, a price-to-earnings ratio of 81.69, a PEG ratio of 2.60 and a beta of 1.13. The stock has a fifty day moving average price of $108.27 and a two-hundred day moving average price of $90.17.

Corning (NYSE:GLW) last issued its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, sell-side analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be paid 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 of this dividend is Friday, February 27th. Corning’s payout ratio is 60.87%.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Citigroup set a new $170 price target for GLW, signaling confidence in Corning’s growth prospects and supporting higher valuation expectations. Corning (NYSE:GLW) Given New $170.00 Price Target at Citigroup
• Positive Sentiment: Analyst upgrades pushed the stock to a fresh 52‑week high and prompted short‑term buying; one report notes shares trading materially higher following the upgrades. Corning (NYSE:GLW) Trading Up 5.6% Following Analyst Upgrade
• Positive Sentiment: UBS says Nvidia’s strong Q4 results provide a favorable read‑through for Corning (demand in data centers and advanced optics), bolstering expectations for Corning’s end‑market strength. Corning Gets Strong Read Through From Nvidia Results, UBS Says
• Positive Sentiment: A CNBC piece argues Corning’s near‑record price and elevated valuation are justified by durable end‑market demand and improving fundamentals, which may attract momentum investors. Why Corning’s near record stock price and historically expensive valuation are worth it
• Neutral Sentiment: Coverage pieces (Yahoo Finance, Zacks) explain the stock’s ~45.9% run since the last earnings report and look at upcoming estimates — useful context but not new catalysts. Why Is Corning (GLW) Up 45.9% Since Last Earnings Report?
• Neutral Sentiment: Another analytical take from Zacks reiterates the same thesis on recent earnings and what to watch next (estimates/guidance). Why Is Corning (GLW) Up 45.9% Since Last Earnings Report?
• Negative Sentiment: CEO Wendell P. Weeks sold 137,514 shares (~$21.4M) on Feb. 26, reducing his stake by ~15.5% per the SEC filing; insider sales can trigger short‑term caution among investors despite his remaining large holding. SEC Form 4 — Weeks insider sale

Insiders Place Their Bets

In other Corning news, insider Eric S. Musser sold 15,000 shares of Corning stock in a transaction on Monday, February 9th. The shares were sold at an average price of $130.25, for a total value of $1,953,750.00. Following the transaction, the insider owned 4,926 shares in the company, valued at $641,611.50. This trade represents a 75.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Avery H. Nelson III sold 1,583 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total value of $203,795.42. Following the transaction, the chief operating officer owned 59,788 shares in the company, valued at approximately $7,697,107.12. This represents a 2.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 233,201 shares of company stock valued at $32,614,558. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on GLW. Barclays set a $100.00 target price on shares of Corning in a research report on Thursday, January 29th. Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. UBS Group increased their price target on shares of Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 20th. JPMorgan Chase & Co. increased their price target on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Finally, Oppenheimer set a $120.00 price target on shares of Corning in a research report on Thursday, January 29th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.42.

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.