Corning Incorporated $GLW Shares Sold by Bailard Inc.

Bailard Inc. decreased its position in Corning Incorporated (NYSE:GLW) by 24.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,628 shares of the electronics maker’s stock after selling 8,161 shares during the quarter. Bailard Inc.’s holdings in Corning were worth $2,244,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Patten & Patten Inc. TN lifted its holdings in shares of Corning by 0.6% in the fourth quarter. Patten & Patten Inc. TN now owns 17,796 shares of the electronics maker’s stock valued at $1,558,000 after buying an additional 100 shares during the period. Joel Isaacson & Co. LLC lifted its holdings in shares of Corning by 0.5% during the fourth quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker’s stock valued at $1,797,000 after purchasing an additional 102 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of Corning by 10.3% during the third quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock valued at $98,000 after purchasing an additional 111 shares during the last quarter. Angeles Wealth Management LLC lifted its holdings in shares of Corning by 2.8% during the third quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker’s stock valued at $348,000 after purchasing an additional 116 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of Corning by 37.3% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 442 shares of the electronics maker’s stock valued at $39,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning remains in focus as an AI data-center beneficiary, with articles highlighting strong demand for optical components, expanded U.S. manufacturing, and photonics growth plans tied to infrastructure spending. 3 Optical Component Giants in Focus on Massive AI Data Center Growth
• Positive Sentiment: Mizuho raised its price target on Corning and reiterated an outperform view, reinforcing expectations for further upside after the stock’s strong run.
• Positive Sentiment: Investor enthusiasm also increased around Corning’s recent AI momentum, including coverage noting a major Nvidia partnership and Bank of America’s addition of the stock to its “US 1 List.” Corning surges to record high: is the AI boom just beginning?
• Neutral Sentiment: Corning was also highlighted in a broader bullish piece on how to play the stock after its sharp year-to-date gain, but the article noted risks from competition and cyclical end markets. Corning Surges 137.4% Year to Date: How to Play the Stock
• Negative Sentiment: Three Corning executives disclosed stock sales on May 11, which can sometimes temper enthusiasm despite the broader bullish backdrop.

Corning Stock Down 4.4%

NYSE:GLW opened at $198.23 on Wednesday. The firm has a market capitalization of $170.60 billion, a price-to-earnings ratio of 94.85, a PEG ratio of 2.97 and a beta of 1.14. Corning Incorporated has a 1-year low of $46.77 and a 1-year high of $208.92. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The business’s fifty day moving average price is $153.08 and its 200 day moving average price is $117.47.

Corning (NYSE:GLW) last posted its quarterly earnings results 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. Corning had a return on equity of 19.45% and a net margin of 11.09%.The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the firm earned $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, sell-side analysts forecast that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s dividend payout ratio is presently 53.59%.

Insider Transactions at Corning

In other news, CEO Wendell P. Weeks sold 137,514 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the sale, the chief executive officer owned 750,585 shares in the company, valued at approximately $116,618,391.45. This represents a 15.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Soumya Seetharam sold 20,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $206.23, for a total value of $4,124,600.00. Following the sale, the senior vice president owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. The trade was a 43.89% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 172,305 shares of company stock valued at $28,353,207. 0.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GLW has been the subject of several analyst reports. Oppenheimer upped their target price on Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Zacks Research raised Corning from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Citigroup upped their target price on Corning from $175.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Barclays upped their target price on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and an average price target of $177.92.

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.