126,729 Shares in Corning Incorporated $GLW Acquired by Ariose Capital Management Ltd

Ariose Capital Management Ltd acquired a new stake in Corning Incorporated (NYSE:GLW) in the first quarter, according to its most recent filing with the SEC. The fund acquired 126,729 shares of the electronics maker’s stock, valued at approximately $17,231,000. Corning makes up 11.6% of Ariose Capital Management Ltd’s holdings, making the stock its 3rd largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLW. Caldwell Trust Co lifted its holdings in Corning by 0.5% during the 1st quarter. Caldwell Trust Co now owns 15,893 shares of the electronics maker’s stock worth $2,161,000 after purchasing an additional 74 shares in the last quarter. KRS Capital Management LLC increased its position in shares of Corning by 2.2% during the first quarter. KRS Capital Management LLC now owns 4,058 shares of the electronics maker’s stock valued at $552,000 after buying an additional 88 shares during the period. Sheets Smith Wealth Management lifted its holdings in shares of Corning by 2.1% in the first quarter. Sheets Smith Wealth Management now owns 4,450 shares of the electronics maker’s stock worth $605,000 after buying an additional 90 shares in the last quarter. Beese Fulmer Investment Management Inc. boosted its position in shares of Corning by 2.5% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker’s stock valued at $336,000 after acquiring an additional 92 shares during the period. Finally, 3Chopt Investment Partners LLC boosted its position in shares of Corning by 1.0% in the fourth quarter. 3Chopt Investment Partners LLC now owns 10,248 shares of the electronics maker’s stock valued at $897,000 after acquiring an additional 97 shares during the period. Institutional investors own 69.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on GLW shares. Morgan Stanley set a $180.00 target price on shares of Corning in a report on Friday, May 8th. JPMorgan Chase & Co. raised 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. Bank of America upped their price target on shares of Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Wall Street Zen downgraded Corning from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, Susquehanna lifted their price objective on Corning from $125.00 to $180.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Corning presently has an average rating of “Moderate Buy” and an average target price of $186.46.

Corning Price Performance

Shares of NYSE:GLW opened at $196.12 on Friday. The company’s fifty day moving average price is $190.59 and its 200-day moving average price is $146.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The firm has a market capitalization of $168.79 billion, a price-to-earnings ratio of 93.84, a PEG ratio of 2.82 and a beta of 1.09. Corning Incorporated has a one year low of $51.32 and a one year high of $271.78.

Corning (NYSE:GLW) last posted its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $4.34 billion during 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 firm’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities research analysts anticipate that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be paid a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 annualized dividend and a yield of 0.6%. Corning’s dividend payout ratio is currently 53.59%.

Insider Buying and Selling

In other news, 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 transaction, the chief executive officer directly owned 908,353 shares of the company’s stock, valued at approximately $169,371,500.38. This trade represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John Z. Zhang sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $1,019,070.92. This represents a 66.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 160,655 shares of company stock worth $30,692,560 in the last ninety days. 0.25% of the stock is currently owned by insiders.

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.