Skandinaviska Enskilda Banken AB publ Has $13.56 Million Stock Position in Corning Incorporated $GLW

Skandinaviska Enskilda Banken AB publ cut its position in Corning Incorporated (NYSE:GLW) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,246 shares of the electronics maker’s stock after selling 7,753 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Corning were worth $13,555,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GLW. Brighton Jones LLC boosted its holdings in shares of Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after acquiring an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new position in Corning in the first quarter worth $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Corning by 9.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Corning during the second quarter worth $401,000. Finally, Nordea Investment Management AB increased its stake in shares of Corning by 8.0% in the second quarter. Nordea Investment Management AB now owns 70,651 shares of the electronics maker’s stock valued at $3,731,000 after buying an additional 5,227 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Activity

In other Corning news, EVP Lewis A. Steverson sold 15,366 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the completion of the sale, the executive vice president owned 3,461 shares of the company’s stock, valued at approximately $450,691.42. This represents a 81.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Edward A. Schlesinger sold 21,104 shares of Corning stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. This represents a 27.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 95,687 shares of company stock valued at $11,249,008. 0.40% of the stock is currently owned by company insiders.

Corning Price Performance

Shares of GLW stock opened at $132.25 on Thursday. The firm’s 50 day moving average price is $100.12 and its two-hundred day moving average price is $86.32. The stock has a market cap of $113.46 billion, a PE ratio of 71.88, a PEG ratio of 2.26 and a beta of 1.13. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $136.82. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59.

Corning (NYSE:GLW) last posted its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The firm’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, analysts forecast that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 annualized dividend and a yield of 0.8%. Corning’s dividend payout ratio (DPR) is presently 60.87%.

Wall Street Analyst Weigh In

GLW has been the topic of several research reports. Barclays set a $100.00 price target on shares of Corning in a research report on Thursday, January 29th. Susquehanna upped their target price on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Oppenheimer set a $120.00 price target on shares of Corning in a research note on Thursday, January 29th. UBS Group restated a “buy” rating and issued a $125.00 price objective on shares of Corning in a research report on Friday, January 30th. Finally, Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Corning currently has an average rating of “Moderate Buy” and an average target price of $114.25.

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.