E20 Capital Ltd Has $72.85 Million Stock Holdings in Corning Incorporated $GLW

E20 Capital Ltd increased its stake in shares of Corning Incorporated (NYSE:GLW) by 926.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 535,776 shares of the electronics maker’s stock after buying an additional 483,589 shares during the period. Corning comprises about 6.8% of E20 Capital Ltd’s holdings, making the stock its 6th biggest position. E20 Capital Ltd’s holdings in Corning were worth $72,849,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Western Wealth Management LLC boosted its stake in Corning by 17.1% in the first quarter. Western Wealth Management LLC now owns 30,229 shares of the electronics maker’s stock valued at $4,110,000 after acquiring an additional 4,417 shares during the last quarter. McIlrath & Eck LLC increased its stake in shares of Corning by 60.1% during the 1st quarter. McIlrath & Eck LLC now owns 1,334 shares of the electronics maker’s stock worth $181,000 after purchasing an additional 501 shares during the last quarter. Paragon Private Wealth Management LLC raised its holdings in shares of Corning by 11.5% in the 1st quarter. Paragon Private Wealth Management LLC now owns 12,320 shares of the electronics maker’s stock worth $1,675,000 after purchasing an additional 1,273 shares during the period. Kentucky Retirement Systems raised its holdings in shares of Corning by 143.7% in the 1st quarter. Kentucky Retirement Systems now owns 119,483 shares of the electronics maker’s stock worth $16,246,000 after purchasing an additional 70,464 shares during the period. Finally, Chesapeake Wealth Management purchased a new position in Corning in the first quarter valued at approximately $201,000. Institutional investors own 69.80% of the company’s stock.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning reported adjusted second-quarter earnings of $0.78 per share versus the $0.76 consensus estimate, while revenue rose 17.1% year over year to $4.74 billion, ahead of expectations. Corning Stock Crashes on Earnings, But the Sell-Off Looks Overdone
• Positive Sentiment: Management highlighted sustained demand for optical fiber, cables and connectors used in AI data centers, along with its Springboard strategy to expand sales and profitability. Amazon and Nvidia-related fiber demand remains an important growth catalyst. GLW Q2 Earnings Call Highlights AI Growth Plan
• Positive Sentiment: Strong free cash flow has attracted bullish options activity: unusually heavy short-put trading suggests some investors view the selloff as an attractive entry point and are willing to buy shares at lower prices. Corning Delivers Strong FCF Results, But Investors Play GLW Stock’s Drop With an Unusual Short-Put Play
• Positive Sentiment: Citigroup retained a Buy rating despite reducing its price target to $220, indicating analysts still see substantial long-term upside in Corning’s optical and AI infrastructure exposure.

Corning Stock Up 9.2%

Corning stock opened at $135.43 on Friday. The firm has a 50 day simple moving average of $184.02 and a 200 day simple moving average of $156.88. The company has a current ratio of 1.81, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. Corning Incorporated has a 1-year low of $61.44 and a 1-year high of $271.78. The firm has a market capitalization of $116.56 billion, a price-to-earnings ratio of 61.84, a P/E/G ratio of 1.62 and a beta of 1.09.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. Corning had a return on equity of 20.09% and a net margin of 11.20%.The firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. The business’s quarterly revenue was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, analysts predict that Corning Incorporated will post 3.22 earnings per share for the current year.

Corning Dividend Announcement

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 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 0.8%. Corning’s dividend payout ratio is 51.14%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup reduced their price objective on Corning from $240.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday. Barclays dropped their price target on Corning from $180.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Bank of America lifted their price objective on Corning from $223.00 to $243.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Finally, Oppenheimer lowered their price objective on Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.38.

Insiders Place Their Bets

In other news, CEO Wendell P. Weeks sold 100,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the sale, the chief executive officer directly owned 908,353 shares in the company, valued at $169,371,500.38. This represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 completion of the sale, the vice president directly owned 5,138 shares in the company, valued at approximately $1,019,070.92. The trade was a 66.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 160,655 shares of company stock worth $30,692,560 over the last quarter. Insiders own 0.25% of the company’s stock.

Corning 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.