Financiere des Professionnels Fonds d investissement inc. Decreases Stock Position in Corning Incorporated $GLW

Posted by ABMN Staff on Jun 11th, 2026

Financiere des Professionnels Fonds d investissement inc. reduced its position in Corning Incorporated (NYSE:GLW – Free Report) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,140 shares of the electronics maker’s stock after selling 4,351 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Corning were worth $3,077,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of GLW. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Corning during the 3rd quarter valued at about $25,000. Berbice Capital Management LLC bought a new stake in shares of Corning in the fourth quarter worth $26,000. Basepoint Wealth LLC bought a new stake in shares of Corning in the fourth quarter worth $26,000. Evolution Wealth Management Inc. grew its holdings in shares of Corning by 58.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 381 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 141 shares during the period. Finally, JPL Wealth Management LLC bought a new stake in shares of Corning in the third quarter worth $33,000. Institutional investors own 69.80% of the company’s stock.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

Positive Sentiment: Corning landed a multiyear, multibillion-dollar agreement with Amazon to supply optical fiber, cable, and connectivity for U.S. data centers, strengthening its position in AI infrastructure and supporting future revenue growth. Corning strikes another multibillion-dollar AI deal. What the new Amazon pact means for the stock
Positive Sentiment: Commentary says Corning is benefiting from strong demand in optical communications as hyperscalers shift away from legacy copper toward fiber, which could improve Corning’s growth outlook and earnings estimates. Corning (GLW) Gained from Robust Demand in Optical Communications
Positive Sentiment: Corning’s first-quarter results were solid, with revenue and EPS both edging above estimates and optical communications sales growing quickly, helping support the bullish AI narrative. Why Corning (GLW) Is Up 6.1% After Amazon’s Multiyear US Data Center Fiber Deal And What’s Next
Positive Sentiment: Analysts continue to highlight Corning as a beneficiary of AI data center spending, with multiple recent price-target increases reinforcing the stock’s longer-term upside case. Corning Is Paving AI’s Future With Glass
Neutral Sentiment: CEO Wendell P. Weeks sold 100,000 shares, which may create some investor caution, but the sale appears routine and does not by itself change Corning’s operating outlook. SEC Form 4
Negative Sentiment: One Seeking Alpha piece argued Corning’s strong growth may not be enough to prevent underperformance, adding a bearish note that could temper enthusiasm after the recent rally. Corning’s Monumental Growth Won’t Save It From Underperformance (Downgrade)

Corning Stock Performance

NYSE:GLW opened at $168.28 on Thursday. The stock has a 50-day simple moving average of $175.58 and a two-hundred day simple moving average of $132.65. Corning Incorporated has a 52-week low of $49.47 and a 52-week 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 firm has a market capitalization of $144.83 billion, a PE ratio of 80.52, a P/E/G ratio of 2.49 and a beta of 1.15.

Corning (NYSE:GLW – Get Free Report) last announced 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. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. The company’s revenue was up 18.1% on a year-over-year basis. During the same period last year, the firm earned $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Analysts forecast that Corning Incorporated will post 3.19 EPS for the current year.

Corning Announces Dividend

The company also recently announced 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. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s payout ratio is 53.59%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Morgan Stanley set a $180.00 price objective on Corning in a report on Friday, May 8th. UBS Group lifted their price objective on Corning from $223.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Barclays lifted their price objective on Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Oppenheimer lifted their price target on shares of Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $178.31.

Read Our Latest Stock Analysis on Corning

Insider Buying and Selling at Corning

In other Corning news, SVP Jaymin Amin sold 27,395 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were 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 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Wendell P. Weeks sold 100,000 shares of the firm’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 completion of the sale, the chief executive officer directly owned 908,353 shares of the company’s stock, valued at approximately $169,371,500.38. The trade was a 9.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 160,655 shares of company stock valued at $30,692,561 over the last ninety days. Corporate insiders own 0.25% of the company’s stock.

Corning Profile

(Free Report)

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.