O Shaughnessy Asset Management LLC Grows Position in Corning Incorporated $GLW

O Shaughnessy Asset Management LLC raised its holdings in shares of Corning Incorporated (NYSE:GLW) by 15.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,661 shares of the electronics maker’s stock after buying an additional 13,509 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Corning were worth $8,639,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Manchester Capital Management LLC grew its holdings in shares of Corning by 194.7% during the fourth quarter. Manchester Capital Management LLC now owns 669 shares of the electronics maker’s stock worth $59,000 after buying an additional 442 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of Corning during the 4th quarter valued at about $939,000. ING Groep NV boosted its position in shares of Corning by 39.6% during the 4th quarter. ING Groep NV now owns 194,029 shares of the electronics maker’s stock valued at $16,989,000 after acquiring an additional 55,055 shares during the last quarter. Vermillion Wealth Management Inc. boosted its position in shares of Corning by 32.8% during the 4th quarter. Vermillion Wealth Management Inc. now owns 405 shares of the electronics maker’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in shares of Corning by 52.7% during the 4th quarter. Capital Research Global Investors now owns 16,890,802 shares of the electronics maker’s stock valued at $1,478,959,000 after acquiring an additional 5,831,873 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GLW shares. Citigroup boosted their price target on shares of Corning from $175.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a research report on Friday, May 15th. Truist Financial boosted their price target on shares of Corning from $125.00 to $149.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. HSBC reissued a “buy” rating and set a $135.00 price target on shares of Corning in a research report on Friday, February 13th. Finally, UBS Group boosted their price target on shares of Corning from $223.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Corning has an average rating of “Moderate Buy” and an average price target of $178.31.

Insider Buying and Selling

In other Corning news, SVP Soumya Seetharam sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president owned 25,570 shares of the company’s stock, valued at $5,273,301.10. This represents a 43.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP John Z. Zhang sold 10,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the sale, the vice president directly owned 5,138 shares in the company, valued at $1,019,070.92. This represents a 66.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 160,655 shares of company stock valued at $30,692,561 over the last three months. Company insiders own 0.25% of the company’s stock.

Corning Trading Down 3.3%

NYSE GLW opened at $168.28 on Thursday. The firm’s 50-day moving average is $175.58 and its two-hundred day moving average is $132.65. Corning Incorporated has a 12 month low of $49.47 and a 12 month high of $211.79. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The stock has a market capitalization of $144.83 billion, a P/E ratio of 80.52, a PEG ratio of 2.49 and a beta of 1.15.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. Corning’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. On average, sell-side analysts anticipate that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Dividend Announcement

The business 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. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. Corning’s dividend payout ratio is presently 53.59%.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning landed a multiyear, multibillion-dollar agreement with Amazon to supply optical fiber, cable, and connectivity for U.S. data centers, strengthening its position in AI infrastructure and supporting future revenue growth. Corning strikes another multibillion-dollar AI deal. What the new Amazon pact means for the stock
• Positive Sentiment: Commentary says Corning is benefiting from strong demand in optical communications as hyperscalers shift away from legacy copper toward fiber, which could improve Corning’s growth outlook and earnings estimates. Corning (GLW) Gained from Robust Demand in Optical Communications
• Positive Sentiment: Corning’s first-quarter results were solid, with revenue and EPS both edging above estimates and optical communications sales growing quickly, helping support the bullish AI narrative. Why Corning (GLW) Is Up 6.1% After Amazon’s Multiyear US Data Center Fiber Deal And What’s Next
• Positive Sentiment: Analysts continue to highlight Corning as a beneficiary of AI data center spending, with multiple recent price-target increases reinforcing the stock’s longer-term upside case. Corning Is Paving AI’s Future With Glass
• Neutral Sentiment: CEO Wendell P. Weeks sold 100,000 shares, which may create some investor caution, but the sale appears routine and does not by itself change Corning’s operating outlook. SEC Form 4
• Negative Sentiment: One Seeking Alpha piece argued Corning’s strong growth may not be enough to prevent underperformance, adding a bearish note that could temper enthusiasm after the recent rally. Corning’s Monumental Growth Won’t Save It From Underperformance (Downgrade)

About Corning

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.