Korea Investment CORP Trims Stock Position in Corning Incorporated $GLW

Korea Investment CORP reduced its stake in shares of Corning Incorporated (NYSE:GLW) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 484,623 shares of the electronics maker’s stock after selling 7,526 shares during the period. Korea Investment CORP’s holdings in Corning were worth $39,754,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GLW. Norges Bank acquired a new stake in shares of Corning during the 2nd quarter worth about $534,936,000. WCM Investment Management LLC acquired a new position in shares of Corning in the third quarter valued at approximately $676,931,000. Voya Investment Management LLC lifted its stake in shares of Corning by 748.0% during the third quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock valued at $260,014,000 after buying an additional 2,795,948 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Corning by 93.0% during the second quarter. Raymond James Financial Inc. now owns 3,407,608 shares of the electronics maker’s stock valued at $179,206,000 after buying an additional 1,641,558 shares during the period. Finally, Vanguard Group Inc. boosted its position in Corning by 1.6% during the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock worth $5,151,301,000 after acquiring an additional 1,582,895 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Price Performance

GLW stock opened at $128.84 on Tuesday. The company has a market cap of $110.53 billion, a PE ratio of 70.02, a price-to-earnings-growth ratio of 2.13 and a beta of 1.04. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $114.30 and a two-hundred day moving average price of $93.65. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $162.10.

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

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.9%. Corning’s dividend payout ratio is presently 60.87%.

Insider Buying and Selling

In other news, CEO Wendell P. Weeks sold 137,514 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total value of $21,365,550.18. Following the transaction, the chief executive officer owned 750,585 shares of the company’s stock, valued at approximately $116,618,391.45. This trade represents a 15.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Avery H. Nelson III sold 1,583 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was 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 of the company’s stock, valued at approximately $7,697,107.12. This trade represents a 2.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 233,201 shares of company stock valued at $32,614,558. 0.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GLW has been the subject of several recent analyst reports. UBS Group lifted their target price on shares of Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Morgan Stanley increased their price target on Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Wolfe Research set a $130.00 price objective on Corning and gave the company an “outperform” rating in a research report on Tuesday, January 27th. Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Finally, Barclays set a $100.00 target price on Corning in a research report on Thursday, January 29th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.42.

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.