SBI Okasan Asset Management Co.Ltd. Takes $409,000 Position in Corning Incorporated $GLW

SBI Okasan Asset Management Co.Ltd. acquired a new stake in Corning Incorporated (NYSE:GLW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,600 shares of the electronics maker’s stock, valued at approximately $409,000.

Other hedge funds have also modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Corning in the third quarter valued at $25,000. Berbice Capital Management LLC acquired a new stake in shares of Corning in the fourth quarter valued at $26,000. Strengthening Families & Communities LLC acquired a new stake in shares of Corning in the third quarter valued at $27,000. Cornerstone Planning Group LLC raised its stake in Corning by 58.5% in the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after buying an additional 124 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in Corning in the third quarter valued at $33,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Soumya Seetharam sold 20,000 shares of Corning stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the completion of the transaction, the senior vice president directly owned 25,570 shares in the company, valued at $5,273,301.10. The trade was a 43.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the transaction, the senior vice president owned 94,400 shares of the company’s stock, valued at $18,138,016. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 60,655 shares of company stock valued at $12,046,561. 0.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on GLW. UBS Group raised their price target on Corning from $179.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. HSBC restated a “buy” rating and issued a $135.00 price target on shares of Corning in a research note on Friday, February 13th. Mizuho raised their price target on Corning from $190.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Citigroup raised their price target on Corning from $175.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley set a $180.00 price target on Corning in a research note on Friday, May 8th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Corning has an average rating of “Moderate Buy” and an average price target of $177.92.

Corning Price Performance

Shares of GLW opened at $181.37 on Friday. Corning Incorporated has a twelve month low of $48.88 and a twelve month high of $211.79. The stock’s 50 day moving average is $167.47 and its two-hundred day moving average is $126.60. The firm has a market capitalization of $156.09 billion, a PE ratio of 86.78, a P/E/G ratio of 2.62 and a beta of 1.14. The company has a current ratio of 1.61, a quick ratio of 1.06 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 for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the company earned $0.54 EPS. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Research analysts anticipate that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, May 29th. 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.