Keybank National Association OH Has $62.49 Million Stock Position in Corning Incorporated $GLW

Keybank National Association OH increased its holdings in Corning Incorporated (NYSE:GLW) by 102.6% in the 4th quarter, Holdings Channel reports. The fund owned 713,730 shares of the electronics maker’s stock after purchasing an additional 361,507 shares during the period. Keybank National Association OH’s holdings in Corning were worth $62,494,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Merit Financial Group LLC grew its holdings in shares of Corning by 16.9% during the 4th quarter. Merit Financial Group LLC now owns 45,001 shares of the electronics maker’s stock valued at $3,940,000 after acquiring an additional 6,493 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ increased its stake in shares of Corning by 4.9% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker’s stock worth $21,471,000 after acquiring an additional 12,297 shares during the last quarter. Hartline Investment Corp raised its holdings in shares of Corning by 113.2% during the third quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock worth $24,229,000 after acquiring an additional 156,843 shares in the last quarter. Three Seasons Wealth LLC purchased a new stake in shares of Corning during the fourth quarter worth $1,750,000. Finally, Natixis Advisors LLC boosted its position in Corning by 32.1% during the third quarter. Natixis Advisors LLC now owns 479,921 shares of the electronics maker’s stock valued at $39,367,000 after purchasing an additional 116,583 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insider Activity at Corning

In other news, CFO Edward A. Schlesinger sold 21,104 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the transaction, the chief financial officer owned 54,780 shares in the company, valued at approximately $5,727,249. The trade was a 27.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lewis A. Steverson sold 15,366 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the transaction, the executive vice president directly owned 3,461 shares of the company’s stock, valued at $450,691.42. This represents a 81.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 233,201 shares of company stock worth $32,614,558. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

GLW has been the topic of a number of recent research reports. Truist Financial started coverage on Corning in a research note on Tuesday, March 31st. They issued a “hold” rating and a $125.00 target price on the stock. Citigroup reiterated a “buy” rating on shares of Corning in a report on Wednesday. Susquehanna boosted their price target on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Finally, UBS Group raised their price objective on shares of Corning from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and an average price target of $140.08.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Q1 beat on the headline metrics: core sales rose ~18% to about $4.34–4.35B and adjusted EPS was $0.70 (above consensus by a penny). Optical Communications and Solar were standout drivers (optical +36%, solar +80%), reflecting strong Gen‑AI and hyperscale data‑center demand. Corning Announces Strong First-Quarter 2026 Financial Results
• Positive Sentiment: Operational momentum: margins expanded and management cited new hyperscale customers and continued Gen‑AI-driven optical demand — evidence that Corning is capturing AI buildout spend. GLW Q1 Earnings Match Estimates, Revenues Beat on Optical Strength
• Neutral Sentiment: Q2 EPS guidance was issued at $0.73–$0.77 (around consensus ~$0.75) — not a major surprise on profit per share, but it leaves the emphasis on the revenue line. Corning Q2 Guidance (press materials)
• Neutral Sentiment: Earnings call transcript and slides provide detail on end‑market trends and inventory/seasonality commentary that investors should read to parse near‑term cadence vs. longer‑term AI tailwinds. Q1 2026 Earnings Call Transcript
• Negative Sentiment: Revenue outlook disappointed: management’s Q2 revenue guidance (~$4.6B) was cited as below Street expectations by some, and that topline miss (and talk of consumer‑electronics weakness) triggered the selloff despite the beat. Corning faces consumer electronics drag even as data‑center business booms
• Negative Sentiment: Market reaction amplified: headlines and intraday flows led to a sharp pullback (reports of ~10% moves), helped by broader AI‑capex sensitivity after other AI infra signals; this forced short‑term de‑risking by momentum investors. Red-hot Corning shares slide on earnings

Corning Stock Down 8.9%

Shares of GLW stock opened at $152.98 on Wednesday. Corning Incorporated has a 12 month low of $42.00 and a 12 month high of $179.08. The firm has a market cap of $131.41 billion, a PE ratio of 83.14, a price-to-earnings-growth ratio of 2.41 and a beta of 1.06. The stock has a 50 day moving average of $147.58 and a 200-day moving average of $112.19. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last announced its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter last year, the company posted $0.54 earnings per share. Corning’s quarterly revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities analysts predict that Corning Incorporated will post 3.15 EPS for the current year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, February 27th. Corning’s dividend payout ratio (DPR) is currently 60.87%.

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.