Strategic Advisors LLC Buys Shares of 2,882 Corning Incorporated $GLW

Strategic Advisors LLC bought a new position in shares of Corning Incorporated (NYSE:GLW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,882 shares of the electronics maker’s stock, valued at approximately $252,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. 3Chopt Investment Partners LLC lifted its holdings in Corning by 1.0% in the fourth quarter. 3Chopt Investment Partners LLC now owns 10,248 shares of the electronics maker’s stock worth $897,000 after acquiring an additional 97 shares during the last quarter. AXQ Capital LP acquired a new stake in shares of Corning during the 4th quarter worth approximately $552,000. New Mexico Educational Retirement Board lifted its holdings in shares of Corning by 3.7% in the 4th quarter. New Mexico Educational Retirement Board now owns 36,106 shares of the electronics maker’s stock worth $3,161,000 after purchasing an additional 1,300 shares during the last quarter. Reaves W H & Co. Inc. boosted its position in Corning by 50.5% during the 4th quarter. Reaves W H & Co. Inc. now owns 759,075 shares of the electronics maker’s stock valued at $66,465,000 after purchasing an additional 254,553 shares during the period. Finally, Florida Financial Advisors LLC bought a new position in Corning during the 4th quarter worth $999,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Mizuho raised their target price on Corning from $190.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Barclays upped their price target on shares of Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Citigroup increased their price objective on shares of Corning from $175.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Oppenheimer boosted their target price on shares of Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Truist Financial upped their target price on shares of Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $177.92.

Insider Transactions at Corning

In related news, VP John Z. Zhang sold 10,000 shares of the firm’s 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 transaction, the vice president owned 5,138 shares of the company’s stock, valued at $1,019,070.92. This trade represents a 66.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Soumya Seetharam sold 20,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the completion of the sale, the senior vice president owned 25,570 shares in the company, 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 three months, insiders have sold 60,655 shares of company stock worth $12,046,561. Corporate insiders own 0.25% of the company’s stock.

Corning Stock Performance

GLW stock opened at $200.28 on Wednesday. The company has a 50-day simple moving average of $168.33 and a 200 day simple moving average of $127.49. The company has a market capitalization of $172.37 billion, a P/E ratio of 95.83, a PEG ratio of 2.53 and a beta of 1.15. 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 Incorporated has a fifty-two week low of $49.47 and a fifty-two week high of $211.79.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the firm earned $0.54 EPS. Corning’s revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts predict that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be issued a $0.28 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.12 annualized dividend and a dividend yield of 0.6%. Corning’s dividend payout ratio is 53.59%.

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.