KBC Group NV Grows Stock Holdings in Corning Incorporated $GLW

KBC Group NV lifted its stake in shares of Corning Incorporated (NYSE:GLW) by 5.4% during the 1st quarter, HoldingsChannel reports. The firm owned 1,420,527 shares of the electronics maker’s stock after purchasing an additional 72,363 shares during the quarter. KBC Group NV’s holdings in Corning were worth $193,148,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Trivest Advisors Ltd purchased a new stake in shares of Corning in the first quarter valued at approximately $23,006,000. Next Capital Management LLC purchased a new position in Corning during the first quarter worth approximately $272,000. SEB Asset Management AB acquired a new position in Corning during the first quarter worth $24,523,000. Swiss National Bank boosted its stake in Corning by 7.2% during the first quarter. Swiss National Bank now owns 2,390,400 shares of the electronics maker’s stock worth $325,023,000 after buying an additional 160,400 shares during the last quarter. Finally, World Equity Group Inc. purchased a new stake in Corning in the 1st quarter valued at $280,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Trading Down 0.1%

Shares of Corning stock opened at $154.47 on Monday. The stock has a 50 day moving average of $192.81 and a 200 day moving average of $153.30. 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 firm has a market capitalization of $132.94 billion, a price-to-earnings ratio of 73.91, a PEG ratio of 2.03 and a beta of 1.09. Corning Incorporated has a fifty-two week low of $53.29 and a fifty-two week high of $271.78.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, research analysts predict that Corning Incorporated will post 3.18 earnings per share for the current year.

Corning Announces Dividend

The business also recently disclosed 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. This represents a $1.12 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, August 31st. Corning’s payout ratio is 53.59%.

Analysts Set New Price Targets

GLW has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a research note on Friday, May 15th. Barclays boosted their price target on shares of Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Morgan Stanley set a $180.00 price objective on shares of Corning in a report on Friday, May 8th. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $194.69.

Insider Transactions at Corning

In other Corning news, CEO Wendell P. Weeks sold 100,000 shares of the company’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 transaction, the chief executive officer owned 908,353 shares of the company’s stock, valued at $169,371,500.38. This represents a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP John Z. Zhang sold 10,000 shares of the stock in a transaction dated Monday, May 11th. The stock was 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 of the company’s stock, valued at approximately $1,019,070.92. This trade represents a 66.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 160,655 shares of company stock worth $30,692,560 in the last 90 days. Insiders own 0.25% of the company’s stock.

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.