ABN Amro Investment Solutions Has $6.38 Million Holdings in Corning Incorporated $GLW

ABN Amro Investment Solutions raised its position in Corning Incorporated (NYSE:GLW) by 21.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 46,913 shares of the electronics maker’s stock after buying an additional 8,232 shares during the period. ABN Amro Investment Solutions’ holdings in Corning were worth $6,379,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Berbice Capital Management LLC bought a new position in Corning during the 4th quarter worth $26,000. Basepoint Wealth LLC acquired a new position in Corning in the fourth quarter valued at approximately $26,000. MBM Wealth Consultants LLC bought a new position in Corning during the first quarter worth $42,000. Kemnay Advisory Services Inc. bought a new position in shares of Corning during the 4th quarter worth about $27,000. Finally, Litman Gregory Wealth Management LLC bought a new position in Corning in the fourth quarter worth approximately $31,000. Institutional investors own 69.80% of the company’s stock.

Insider Buying and Selling

In other news, CEO Wendell P. Weeks sold 100,000 shares of the company’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 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jaymin Amin sold 27,395 shares of Corning 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 sale, the senior vice president owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. This trade represents a 22.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 160,655 shares of company stock valued at $30,692,560 in the last 90 days. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

GLW has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a research note on Friday, May 15th. Morgan Stanley set a $180.00 target price on Corning in a research report on Friday, May 8th. Barclays lifted their target price on Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Finally, Citigroup increased their price target on shares of Corning from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $194.69.

Corning Price Performance

Shares of NYSE GLW opened at $154.01 on Thursday. Corning Incorporated has a 1-year low of $54.37 and a 1-year high of $271.78. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $189.96 and a two-hundred day simple moving average of $154.74. The firm has a market cap of $132.55 billion, a price-to-earnings ratio of 73.69, a price-to-earnings-growth ratio of 2.14 and a beta of 1.09.

Corning (NYSE:GLW) last announced its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping 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 company had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm posted $0.54 EPS. The firm’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 3.18 earnings per share for the current year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be given a $0.28 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning’s payout ratio is 53.59%.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning’s core AI-optics exposure remains a supportive theme for the stock, and one recent market note said the “AI trade” in optical stocks is still durable, which could help investor sentiment ahead of earnings.
• Positive Sentiment: Analysts still expect year-over-year earnings and revenue growth next week, with the Zacks consensus pointing to $4.6 billion in sales and $0.76 per share in Q2, suggesting the business is still growing despite recent weakness.
• Neutral Sentiment: Several previews said Corning may not have the right setup for a major earnings beat, and one analyst expects only modest revenue upside, implying the upcoming report may be more of a confirmation event than a big catalyst.
• Neutral Sentiment: A valuation-focused article flagged Corning as potentially overvalued after its recent share-price swings, which may be causing investors to be more cautious before earnings rather than buying aggressively.
• Negative Sentiment: Recent commentary highlights mixed analyst views and weaker near-term momentum, with the stock down over the past week and month as traders worry that expectations may already be stretched.

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.