Lederer & Associates Investment Counsel CA Trims Stock Position in Corning Incorporated $GLW

Lederer & Associates Investment Counsel CA lessened its stake in shares of Corning Incorporated (NYSE:GLW) by 46.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,058 shares of the electronics maker’s stock after selling 8,835 shares during the period. Corning accounts for about 1.7% of Lederer & Associates Investment Counsel CA’s investment portfolio, making the stock its 15th biggest holding. Lederer & Associates Investment Counsel CA’s holdings in Corning were worth $2,569,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Berbice Capital Management LLC purchased a new position in Corning during the 4th quarter worth $26,000. Basepoint Wealth LLC purchased a new stake in shares of Corning in the 4th quarter worth $26,000. Atwood & Palmer Inc. purchased a new stake in shares of Corning in the 2nd quarter worth $26,000. Kemnay Advisory Services Inc. bought a new position in shares of Corning during the 4th quarter worth $27,000. Finally, Litman Gregory Wealth Management LLC bought a new position in shares of Corning during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insider Transactions at Corning

In other news, CEO Wendell P. Weeks sold 100,000 shares of Corning stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total value of $18,646,000.00. Following the transaction, the chief executive officer owned 908,353 shares of the company’s stock, valued at $169,371,500.38. The trade was a 9.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jaymin Amin sold 27,395 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. This trade represents a 22.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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: Corning’s second-quarter results showed strong momentum: sales increased 17% year over year, while EPS rose 30% and exceeded estimates. Management also issued guidance for additional year-over-year growth in third-quarter core sales and earnings, reinforcing the investment case around optical connectivity and AI data-center demand. Corning: The Pullback We Asked For Arrived – An Upgrade To Buy
• Positive Sentiment: Analysts at Seeking Alpha upgraded GLW to “Buy,” arguing that the recent pullback created a more attractive entry point as fundamentals improve. Long-term agreements with Nvidia, Amazon and Meta are expected to support Corning’s Springboard growth strategy, including projected sales growth through 2028. Corning: The Pullback We Asked For Arrived – An Upgrade To Buy
• Positive Sentiment: Corning completed a multiyear share-repurchase program involving approximately $2.03 billion of stock, which can support EPS and signal confidence in the company’s long-term prospects. Unusually heavy trading in long-dated GLW call options also indicates bullish positioning among some investors. Why Corning Is Up After Strong Q2 Results
• Neutral Sentiment: A facility leased to a Corning affiliate in Arizona was acquired by Pivotal Manufacturing Partners and Meadow Partners. The transaction appears primarily related to the property’s ownership and is not expected to materially change Corning’s operating outlook. Pivotal Manufacturing Partners Acquire Advanced Manufacturing Facility
• Negative Sentiment: Jabil was judged the better AI-infrastructure investment because of its lower valuation, broader hardware exposure and stronger projected 2026 growth. With GLW trading at a relatively high earnings multiple, this comparison highlights valuation risk even as Corning’s AI-related fundamentals remain strong. Jabil vs. Corning: Which AI Infrastructure Stock is the Better Buy?

Corning Trading Up 0.9%

GLW opened at $159.20 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59. The firm has a market cap of $137.13 billion, a price-to-earnings ratio of 72.69, a PEG ratio of 2.02 and a beta of 1.14. Corning Incorporated has a 12 month low of $63.37 and a 12 month high of $271.78. The stock has a fifty day moving average price of $178.53 and a 200-day moving average price of $160.44.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. Corning had a return on equity of 20.09% and a net margin of 11.20%.The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter last year, the company earned $0.60 earnings per share. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, equities research analysts anticipate that Corning Incorporated will post 3.27 earnings per share for the current fiscal year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, August 31st. Corning’s dividend payout ratio (DPR) is currently 51.14%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GLW shares. Citigroup decreased their price objective on Corning from $240.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings raised shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. UBS Group restated a “buy” rating and issued a $196.00 price target on shares of Corning in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $174.08.

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.