4,298 Shares in Corning Incorporated $GLW Purchased by Focused Wealth Management Inc

Focused Wealth Management Inc acquired a new stake in Corning Incorporated (NYSE:GLW) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,298 shares of the electronics maker’s stock, valued at approximately $584,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Corning during the 3rd quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new stake in shares of Corning in the fourth quarter valued at approximately $26,000. Basepoint Wealth LLC acquired a new position in Corning during the fourth quarter worth $26,000. Kemnay Advisory Services Inc. acquired a new position in Corning during the fourth quarter worth $27,000. Finally, Litman Gregory Wealth Management LLC purchased a new position in Corning in the fourth quarter worth $31,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Down 7.5%

GLW opened at $194.02 on Wednesday. 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 $166.98 billion, a price-to-earnings ratio of 92.83, a PEG ratio of 3.00 and a beta of 1.15. Corning Incorporated has a one year low of $51.09 and a one year high of $212.39. The business’s fifty day moving average is $181.88 and its two-hundred day moving average is $139.30.

Corning (NYSE:GLW) last announced its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The business had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the business posted $0.54 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Analysts anticipate that Corning Incorporated will post 3.19 EPS for the current fiscal year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders 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 0.6%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s dividend payout ratio is 53.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a research report on Friday, May 15th. JPMorgan Chase & Co. increased their price target on shares of Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Susquehanna boosted their price objective on shares of Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Finally, Mizuho upped their target price on shares of Corning from $190.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Corning has an average rating of “Moderate Buy” and a consensus price target of $182.62.

Insider Buying and Selling

In other news, CEO Wendell P. Weeks sold 100,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total value of $18,646,000.00. Following the sale, the chief executive officer directly owned 908,353 shares in the company, valued at $169,371,500.38. This represents a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michaune D. Tillman sold 3,260 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $207.02, for a total transaction of $674,885.20. Following the transaction, the senior vice president directly owned 10,174 shares of the company’s stock, valued at approximately $2,106,221.48. This trade represents a 24.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 160,655 shares of company stock valued at $30,692,560. 0.25% of the stock is owned by company insiders.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning’s operating margin has improved since launching its Springboard plan, helped by strong growth in its Optical Communications business, which supports the case for better profitability and sustained earnings momentum. Corning Rides on Strong Operating Margin Growth: Will it Sustain?
• Positive Sentiment: Unusual options activity showed traders buying a large number of call options in GLW, suggesting increased bullish speculation ahead of further gains.
• Positive Sentiment: A recent analyst update from UBS raised Corning’s price target to $228 from $223 and kept a Buy rating, reinforcing investor confidence in the company’s outlook. Here is why Corning Incorporated (GLW) is among the Most Overvalued Quantum Computing Stocks According to Short Sellers
• Neutral Sentiment: Some articles highlighted Corning as an overvalued quantum-computing-related stock based on its forward P/E, which may temper enthusiasm, but the coverage also noted that the company still has supportive analyst sentiment. Here is why Corning Incorporated (GLW) is among the Most Overvalued Quantum Computing Stocks According to Short Sellers

Corning 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.