Resona Asset Management Co. Ltd. Purchases 5,238 Shares of Corning Incorporated $GLW

Resona Asset Management Co. Ltd. increased its position in shares of Corning Incorporated (NYSE:GLW) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 256,801 shares of the electronics maker’s stock after purchasing an additional 5,238 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Corning were worth $34,575,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in GLW. Berbice Capital Management LLC purchased a new position in shares of Corning during the fourth quarter valued at approximately $26,000. Basepoint Wealth LLC bought a new position in shares of Corning during the fourth quarter valued at approximately $26,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Corning in the fourth quarter worth approximately $27,000. Litman Gregory Wealth Management LLC purchased a new stake in shares of Corning in the fourth quarter worth approximately $31,000. Finally, Evolution Wealth Management Inc. lifted its stake in shares of Corning by 58.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 381 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 141 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Corning

In other news, VP John Z. Zhang sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, the vice president directly owned 5,138 shares in the company, valued at approximately $1,019,070.92. This trade represents a 66.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the transaction, the senior vice president directly owned 94,400 shares in the company, valued at approximately $18,138,016. The trade was a 22.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 160,655 shares of company stock worth $30,692,560. 0.25% of the stock is currently owned by company insiders.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Analysts continue to view Corning as a beneficiary of AI infrastructure spending, citing strong demand for optical networking and AI connectivity products. Corning Stock’s AI-Driven Selloff Has Wall Street Seeing Opportunity
• Positive Sentiment: Bank of America reportedly raised its price target on GLW to $243, signaling continued analyst confidence despite recent weakness. Corning (NYSE:GLW) Price Target Raised to $243.00 at Bank of America
• Positive Sentiment: Corning’s growth outlook is being supported by AI connectivity demand and optical segment expansion, with one analyst note calling GLW a better long-term pick than Bandwidth. GLW vs. BAND: Which AI Connectivity Stock is the Better Buy Now?
• Positive Sentiment: Corning’s automotive glass and ceramic technologies could add another growth driver as automakers invest in lighter, safer, and more connected vehicles. Can GLW’s Next-Generation Automotive Solutions Drive Future Growth?
• Neutral Sentiment: Index changes are reshaping Corning’s market profile, with the company added to several growth and larger-cap benchmarks and removed from value and midcap indexes; that shift may be contributing to near-term volatility. Is Corning (GLW) Fully Valued As Index Changes Reshape Its Growth Story?
• Negative Sentiment: The recent drop appears tied to a broader rotation out of AI infrastructure names, with GLW extending a sharp multi-day slide even as Wall Street remains upbeat. Corning stock falls: why are analysts backing the stock?
• Negative Sentiment: Some reports frame Corning as potentially fully valued after its strong run, which could limit near-term upside if growth expectations cool. Is Corning (GLW) Fully Valued As Index Changes Reshape Its Growth Story?

Analyst Upgrades and Downgrades

Several equities analysts have commented on GLW shares. Wall Street Zen downgraded Corning from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. UBS Group set a $243.00 price target on shares of Corning in a report on Monday. Mizuho raised 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. Susquehanna lifted their price objective on shares of Corning from $125.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Finally, Truist Financial boosted their price objective on shares of Corning from $149.00 to $205.00 and gave the company a “hold” rating in a research report on Monday, June 22nd. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.54.

Corning Price Performance

Shares of GLW stock opened at $184.17 on Thursday. Corning Incorporated has a twelve month low of $51.32 and a twelve month high of $271.78. 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 stock has a fifty day simple moving average of $191.61 and a two-hundred day simple moving average of $148.94. The stock has a market capitalization of $158.50 billion, a price-to-earnings ratio of 88.12, a P/E/G ratio of 2.43 and a beta of 1.09.

Corning (NYSE:GLW) last announced its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The business’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, analysts predict that Corning Incorporated will post 3.19 EPS for the current fiscal year.

Corning Announces Dividend

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

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.