Capital International Sarl Makes New $391,000 Investment in Corning Incorporated $GLW

Capital International Sarl acquired a new position in Corning Incorporated (NYSE:GLW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,466 shares of the electronics maker’s stock, valued at approximately $391,000.

Several other hedge funds have also bought and sold shares of GLW. Brighton Jones LLC boosted its position in Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. purchased a new stake in Corning in the 1st quarter worth approximately $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Corning by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Corning in the 2nd quarter worth approximately $401,000. Finally, Schnieders Capital Management LLC. purchased a new stake in Corning in the 2nd quarter worth approximately $266,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insider Buying and Selling

In other Corning news, SVP Soumya Seetharam sold 20,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $206.23, for a total value of $4,124,600.00. Following the completion of the sale, the senior vice president directly owned 25,570 shares of the company’s stock, valued at $5,273,301.10. This trade represents a 43.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jaymin Amin sold 27,395 shares of the firm’s stock in a transaction on 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 completion of the sale, the senior vice president directly owned 94,400 shares of the company’s stock, valued at $18,138,016. This trade represents a 22.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 60,655 shares of company stock valued at $12,046,561 over the last 90 days. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GLW shares. UBS Group upped their price objective on Corning from $223.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday. Bank of America upped their target price on Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Oppenheimer upped their target price on Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, HSBC reaffirmed a “buy” rating and set a $135.00 target price on shares of Corning in a research note on Friday, February 13th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $178.31.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Amazon’s multibillion-dollar partnership gives Corning a major new source of demand for optical fiber and connectivity solutions tied to AI and cloud data-center growth. Reuters article
• Positive Sentiment: The agreement is also expected to support Corning’s U.S. manufacturing expansion, including facility investment in North Carolina and about 1,000 new jobs, which could strengthen production capacity and investor confidence. Barron’s article
• Positive Sentiment: Analysts and market commentary are framing the deal as another validation of Corning’s growing exposure to the AI buildout, following earlier agreements with other large tech customers. CNBC article
• Neutral Sentiment: Some coverage notes valuation concerns after the sharp rally, suggesting the stock may need continued execution and additional deal flow to sustain the move. Yahoo Finance article

Corning Stock Up 5.6%

NYSE GLW opened at $187.44 on Tuesday. The business has a fifty day moving average price of $174.04 and a 200 day moving average price of $131.37. Corning Incorporated has a one year low of $49.47 and a one year high of $211.79. 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 company has a market cap of $161.32 billion, a P/E ratio of 89.68, a P/E/G ratio of 2.54 and a beta of 1.15.

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

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. Corning’s dividend payout ratio (DPR) is 53.59%.

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.