Corning Incorporated $GLW Holdings Cut by Hartline Investment Corp

Hartline Investment Corp decreased its holdings in shares of Corning Incorporated (NYSE:GLW) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 275,364 shares of the electronics maker’s stock after selling 13,419 shares during the period. Corning makes up about 4.1% of Hartline Investment Corp’s holdings, making the stock its 7th largest holding. Hartline Investment Corp’s holdings in Corning were worth $37,441,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GLW. Capital Research Global Investors purchased a new stake in shares of Corning in the 3rd quarter valued at about $907,164,000. Norges Bank bought a new position in shares of Corning in the 4th quarter worth $921,435,000. Wellington Management Group LLP raised its position in shares of Corning by 30.3% during the 3rd quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after buying an additional 3,848,540 shares in the last quarter. Polar Capital Holdings Plc raised its position in shares of Corning by 141.2% during the 3rd quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker’s stock valued at $329,035,000 after buying an additional 2,348,125 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Corning by 102.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,562,644 shares of the electronics maker’s stock worth $399,505,000 after acquiring an additional 2,304,676 shares during the last quarter. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP John Z. Zhang sold 10,000 shares of Corning stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the completion of the transaction, the vice president directly owned 5,138 shares of the company’s stock, valued at $1,019,070.92. This trade represents a 66.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jaymin Amin sold 27,395 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the sale, the senior vice president directly owned 94,400 shares in the company, valued at $18,138,016. The trade was a 22.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 160,655 shares of company stock worth $30,692,560 over the last 90 days. Corporate insiders own 0.25% of the company’s stock.

Corning Stock Down 5.0%

Shares of NYSE:GLW opened at $185.16 on Wednesday. The firm has a market capitalization of $159.35 billion, a P/E ratio of 88.59, a P/E/G ratio of 2.79 and a beta of 1.09. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. The stock has a 50 day moving average price of $191.28 and a 200-day moving average price of $148.25. Corning Incorporated has a 52-week low of $51.32 and a 52-week high of $271.78.

Corning (NYSE:GLW) last issued its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, equities research analysts anticipate that Corning Incorporated will post 3.19 EPS for the current fiscal year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. Corning’s dividend payout ratio is currently 53.59%.

Analyst Upgrades and Downgrades

GLW has been the topic of a number of research analyst reports. Wall Street Zen cut Corning from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Bank of America lifted their price target on Corning from $223.00 to $243.00 and gave the stock a “buy” rating in a research note on Monday. Truist Financial increased their price objective on Corning from $149.00 to $205.00 and gave the company a “hold” rating in a research report on Monday, June 22nd. Susquehanna raised their price objective on Corning from $125.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Finally, Mizuho boosted their price target on shares of Corning from $220.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Corning has an average rating of “Moderate Buy” and a consensus price target of $193.54.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Bank of America raised its price target on Corning to $243 from $223 and reiterated a Buy rating, signaling confidence in upside from current levels. Benzinga report on Bank of America target hike
• Positive Sentiment: Multiple analysts remain bullish, arguing that demand in Corning’s optical networking business is still strong despite the broader AI-related selloff. Barron’s article on AI selloff opportunity
• Positive Sentiment: Analysts also point to Corning’s next-generation automotive glass and ceramic technologies as a longer-term growth driver tied to electric, connected, and autonomous vehicles. Yahoo Finance article on automotive solutions
• Positive Sentiment: Several recent notes describe Corning as a buy-the-dip candidate after its sharp decline from recent highs, suggesting some investors see value in the selloff. MSN article on buying the dip
• Neutral Sentiment: Coverage around Corning’s Q2 preview suggests the company’s optical business could support revenue and EPS near or above guidance, but this is largely an earnings expectation rather than a new catalyst. Yahoo Finance article on Q2 preview
• Negative Sentiment: The stock has been under pressure for several sessions, with reports describing a steep multi-day pullback as investors rotate out of AI-related trades. Invezz article on Corning stock falling

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.