Aigen Investment Management LP Buys New Shares in Corning Incorporated $GLW

Aigen Investment Management LP purchased a new position in shares of Corning Incorporated (NYSE:GLW) during the 4th quarter, Holdings Channel.com reports. The fund purchased 12,217 shares of the electronics maker’s stock, valued at approximately $1,070,000.

A number of other large investors have also recently added to or reduced their stakes in GLW. Arrowstreet Capital Limited Partnership raised its position in shares of Corning by 102.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,562,644 shares of the electronics maker’s stock valued at $399,505,000 after buying an additional 2,304,676 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Corning in the fourth quarter worth $1,818,000. Aptus Capital Advisors LLC raised its stake in Corning by 11.7% in the fourth quarter. Aptus Capital Advisors LLC now owns 8,917 shares of the electronics maker’s stock valued at $781,000 after purchasing an additional 933 shares in the last quarter. FORA Capital LLC raised its stake in Corning by 527.7% in the fourth quarter. FORA Capital LLC now owns 75,578 shares of the electronics maker’s stock valued at $6,618,000 after purchasing an additional 63,537 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its position in Corning by 13.7% during the fourth quarter. CreativeOne Wealth LLC now owns 14,885 shares of the electronics maker’s stock worth $1,303,000 after purchasing an additional 1,796 shares during the period. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Activity

In other news, SVP Soumya Seetharam sold 20,000 shares of the firm’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 transaction, the senior vice president directly owned 25,570 shares in the company, valued at $5,273,301.10. This trade represents a 43.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Wendell P. Weeks sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer 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. The SEC filing for this sale provides additional information. In the last three months, insiders sold 160,655 shares of company stock worth $30,692,561. 0.25% of the stock is owned by corporate insiders.

Corning Trading Up 0.4%

Shares of NYSE GLW opened at $179.85 on Monday. The firm has a 50 day moving average price of $177.15 and a two-hundred day moving average price of $134.03. The stock has a market cap of $154.79 billion, a P/E ratio of 86.05, a price-to-earnings-growth ratio of 2.56 and a beta of 1.15. 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.

Corning (NYSE:GLW) last issued 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 analyst estimates of $4.30 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. Corning’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. As a group, equities analysts forecast that Corning Incorporated will post 3.19 EPS for the current 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 issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 annualized dividend and a yield of 0.6%. Corning’s payout ratio is presently 53.59%.

Analyst Ratings Changes

GLW has been the subject of a number of recent analyst reports. Mizuho upped their price target on shares of Corning from $190.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Citigroup raised their target price on Corning from $175.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Corning in a research note on Friday, May 15th. Barclays boosted their price target on Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, Wall Street Zen downgraded Corning from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $178.31.

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.