Focused Wealth Management Inc Buys Shares of 4,298 Corning Incorporated $GLW

Focused Wealth Management Inc purchased a new position in shares of Corning Incorporated (NYSE:GLW) in the first quarter, HoldingsChannel reports. The fund purchased 4,298 shares of the electronics maker’s stock, valued at approximately $584,000.

Other institutional investors have also modified their holdings of the company. Merit Financial Group LLC lifted its stake in shares of Corning by 16.9% during the 4th quarter. Merit Financial Group LLC now owns 45,001 shares of the electronics maker’s stock worth $3,940,000 after purchasing an additional 6,493 shares during the period. Security National Bank grew its position in shares of Corning by 340.4% in the fourth quarter. Security National Bank now owns 72,523 shares of the electronics maker’s stock valued at $6,350,000 after purchasing an additional 56,056 shares during the period. Natixis Advisors LLC grew its position in shares of Corning by 32.1% in the third quarter. Natixis Advisors LLC now owns 479,921 shares of the electronics maker’s stock valued at $39,367,000 after purchasing an additional 116,583 shares during the period. Three Seasons Wealth LLC purchased a new position in Corning during the fourth quarter worth about $1,750,000. Finally, RiverFront Investment Group LLC lifted its position in Corning by 65.4% during the fourth quarter. RiverFront Investment Group LLC now owns 14,718 shares of the electronics maker’s stock worth $1,289,000 after buying an additional 5,818 shares during the period. Institutional investors and hedge funds own 69.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a report on Friday, May 15th. Mizuho upped their price target 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. Susquehanna increased their price target on shares of Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Truist Financial boosted their price objective on shares of Corning from $149.00 to $205.00 and gave the company a “hold” rating in a research note on Monday. Finally, Barclays upped their price objective on Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $182.62.

Corning Stock Down 7.5%

GLW opened at $194.02 on Wednesday. The firm has a 50 day moving average price of $181.88 and a 200 day moving average price of $139.30. The company has a market cap of $166.98 billion, a PE ratio of 92.83, a price-to-earnings-growth ratio of 3.00 and a beta of 1.15. Corning Incorporated has a 1 year low of $51.09 and a 1 year high of $212.39. 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 posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. Corning’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts expect that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s dividend payout ratio (DPR) is currently 53.59%.

Insider Buying and Selling at Corning

In related news, VP John Z. Zhang sold 10,000 shares of Corning stock in a transaction on Monday, May 11th. The shares were sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the transaction, the vice president owned 5,138 shares in the company, valued at approximately $1,019,070.92. The trade was a 66.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jaymin Amin sold 27,395 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the sale, the senior vice president directly owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. This trade represents a 22.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 160,655 shares of company stock worth $30,692,560. Corporate insiders own 0.25% of the company’s stock.

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.