one8zero8 LLC Purchases New Stake in Corning Incorporated $GLW

one8zero8 LLC acquired a new position in Corning Incorporated (NYSE:GLW) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 21,050 shares of the electronics maker’s stock, valued at approximately $5,377,000. Corning accounts for 1.1% of one8zero8 LLC’s portfolio, making the stock its 23rd largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. bought a new position in shares of Corning in the 2nd quarter valued at about $26,000. First Community Trust NA bought a new stake in shares of Corning during the second quarter worth approximately $72,000. N.E.W. Advisory Services LLC bought a new stake in shares of Corning during the second quarter worth approximately $76,000. Berbice Capital Management LLC acquired a new position in Corning in the fourth quarter valued at approximately $26,000. Finally, Basepoint Wealth LLC acquired a new position in Corning in the fourth quarter valued at approximately $26,000. 69.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Corning news, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the sale, the senior vice president owned 94,400 shares of the company’s stock, valued at $18,138,016. This trade represents a 22.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Wendell P. Weeks sold 100,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 908,353 shares in the company, valued at approximately $169,371,500.38. This trade represents a 9.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

GLW has been the subject of a number of analyst reports. Bank of America lifted their target price on shares of Corning from $223.00 to $243.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Susquehanna upped 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. Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 7th. UBS Group reaffirmed a “buy” rating and issued a $196.00 price target on shares of Corning in a research note on Wednesday, July 29th. Finally, Morgan Stanley decreased their price objective on shares of Corning from $180.00 to $165.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and an average target price of $174.08.

Corning Trading Down 4.6%

NYSE GLW opened at $152.52 on Thursday. Corning Incorporated has a one year low of $63.37 and a one year high of $271.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24. The firm has a market cap of $131.38 billion, a P/E ratio of 69.64, a P/E/G ratio of 2.05 and a beta of 1.14. The stock’s 50-day moving average is $175.94 and its 200-day moving average is $163.10.

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

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders 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 annualized dividend and a dividend yield of 0.7%. Corning’s dividend payout ratio is currently 51.14%.

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.