J. Safra Sarasin Holding AG Sells 7,329 Shares of Corning Incorporated $GLW

J. Safra Sarasin Holding AG cut its stake in Corning Incorporated (NYSE:GLW) by 75.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,387 shares of the electronics maker’s stock after selling 7,329 shares during the period. J. Safra Sarasin Holding AG’s holdings in Corning were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Beirne Wealth Consulting Services LLC raised its holdings in shares of Corning by 0.8% in the first quarter. Beirne Wealth Consulting Services LLC now owns 8,045 shares of the electronics maker’s stock valued at $1,094,000 after purchasing an additional 64 shares during the last quarter. Millstone Evans Group LLC increased its position in shares of Corning by 1.3% in the first quarter. Millstone Evans Group LLC now owns 5,393 shares of the electronics maker’s stock valued at $733,000 after acquiring an additional 67 shares during the last quarter. Caldwell Trust Co raised its stake in shares of Corning by 0.5% during the 1st quarter. Caldwell Trust Co now owns 15,893 shares of the electronics maker’s stock worth $2,161,000 after purchasing an additional 74 shares in the last quarter. KRS Capital Management LLC grew its position in shares of Corning by 2.2% in the 1st quarter. KRS Capital Management LLC now owns 4,058 shares of the electronics maker’s stock valued at $552,000 after acquiring an additional 88 shares during the period. Finally, Sheets Smith Wealth Management increased its position in Corning by 2.1% during the first quarter. Sheets Smith Wealth Management now owns 4,450 shares of the electronics maker’s stock worth $605,000 after buying an additional 90 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

Corning Trading Down 9.1%

Shares of Corning stock opened at $158.50 on Friday. The firm’s 50-day moving average price is $193.45 and its two-hundred day moving average price is $152.83. The company has a market capitalization of $136.41 billion, a price-to-earnings ratio of 75.84, a PEG ratio of 2.29 and a beta of 1.09. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 12-month low of $53.18 and a 12-month high of $271.78.

Corning (NYSE:GLW) last posted 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. The business had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.Corning’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, analysts forecast that Corning Incorporated will post 3.18 earnings per share for the current fiscal year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be issued a $0.28 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.12 annualized dividend 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: Technical watchers say GLW is testing its 80-day moving average, a level that has historically acted as a bullish support area, which could hint at upside if the stock stabilizes. Corning Stock Signal Hints at Upside Potential Amid Breather
• Neutral Sentiment: Corning’s upcoming earnings report is in focus, with investors waiting to see whether recent AI-related optimism and strong operating trends can justify the stock’s elevated valuation. Corning earnings preview: What to expect
• Negative Sentiment: JPMorgan put Corning on “Negative Catalyst Watch” ahead of earnings, citing valuation concerns, which signals limited near-term upside if results do not exceed expectations. Corning lands on JP Morgan’s ‘Negative Catalyst Watch’ ahead of earnings due to valuation
• Negative Sentiment: Recent commentary also highlights executive sales and earnings uncertainty, adding to concerns that the stock may have run too far ahead of fundamentals. Corning (GLW) Stock Plunges 8% Amid Executive Sales and Earnings Uncertainty
• Negative Sentiment: One valuation-focused report says Corning no longer looks obviously cheap after its strong three-year run, with DCF estimates near the share price and market multiples appearing expensive. Corning (GLW) Stock Could Be 7% Above Fair Value On AI Selloff

Insider Buying and Selling at Corning

In other news, VP John Z. Zhang sold 10,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $198.34, for a total value of $1,983,400.00. Following the sale, the vice president directly owned 5,138 shares of the company’s stock, valued at approximately $1,019,070.92. This represents a 66.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Soumya Seetharam sold 20,000 shares of the stock in a transaction 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 sale, the senior vice president owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. This trade represents a 43.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 160,655 shares of company stock worth $30,692,560. Company insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GLW. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a research note on Friday, May 15th. Barclays raised their price objective on shares of Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Truist Financial upped their target price on Corning from $149.00 to $205.00 and gave the company a “hold” rating in a research report on Monday, June 22nd. Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. raised their target price on shares of Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $194.69.

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.