Bank Julius Baer & Co. Ltd Zurich Boosts Holdings in Corning Incorporated $GLW

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Corning Incorporated (NYSE:GLW) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,412,594 shares of the electronics maker’s stock after buying an additional 32,709 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Corning were worth $124,030,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Corning in the 3rd quarter worth about $25,000. Strengthening Families & Communities LLC purchased a new position in Corning in the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC raised its position in Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after buying an additional 124 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Corning in the 4th quarter worth about $35,000. Finally, JPL Wealth Management LLC purchased a new position in Corning in the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Analysts and market coverage continue to highlight Corning as a winner from AI data-center growth, with rising demand for optical components, photonics, and expanded U.S. manufacturing capacity supporting the long-term outlook. 3 Optical Component Giants in Focus on Massive AI Data Center Growth
• Positive Sentiment: Mizuho raised its price target on Corning and kept an outperform rating, signaling continued confidence after the stock’s sharp run-up. Mizuho Issues Positive Forecast for Corning (NYSE:GLW) Stock Price
• Positive Sentiment: Additional bullish commentary has focused on Corning’s AI-related momentum, including attention to its optical connectivity platform and broader growth opportunity versus peers in connectivity. Corning vs. Nokia: Which Connectivity Stock is the Better Buy Now?
• Neutral Sentiment: Recent commentary also notes that Corning’s valuation has become richer after its strong advance, so upside may depend on execution and continued AI demand. Corning Surges 137.4% Year to Date: How to Play the Stock
• Negative Sentiment: Three Corning executives disclosed stock sales this week, which can raise caution among investors even if the sales were preplanned or routine. Corning (NYSE:GLW) SVP Sells $674,885.20 in Stock

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. HSBC reissued a “buy” rating and issued a $135.00 target price on shares of Corning in a research report on Friday, February 13th. Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Barclays boosted their target price on Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Morgan Stanley set a $180.00 target price on Corning in a research report on Friday, May 8th. Finally, Mizuho boosted their price target on Corning from $190.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $177.92.

Corning Trading Up 4.3%

Corning stock opened at $206.71 on Thursday. The business has a 50-day simple moving average of $154.06 and a two-hundred day simple moving average of $118.32. The company has a market cap of $177.90 billion, a P/E ratio of 98.90, a P/E/G ratio of 2.84 and a beta of 1.14. Corning Incorporated has a 52-week low of $46.77 and a 52-week high of $211.79. 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 (NYSE:GLW) last released its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $4.35 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%.The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Analysts predict that Corning Incorporated will post 3.19 EPS for the current year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, May 29th. Corning’s payout ratio is currently 53.59%.

Insider Buying and Selling

In related news, VP John Z. Zhang sold 10,000 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Soumya Seetharam sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $206.23, for a total value of $4,124,600.00. Following the transaction, 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 quarter, insiders have sold 170,774 shares of company stock valued at $28,148,435. Insiders own 0.25% of the company’s stock.

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.