Onyx Bridge Wealth Group LLC Invests $388,000 in Corning Incorporated $GLW

Onyx Bridge Wealth Group LLC bought a new stake in Corning Incorporated (NYSE:GLW) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,853 shares of the electronics maker’s stock, valued at approximately $388,000.

A number of other institutional investors have also added to or reduced their stakes in GLW. Pictet Asset Management Holding SA raised its position in Corning by 2.4% during the first quarter. Pictet Asset Management Holding SA now owns 377,572 shares of the electronics maker’s stock worth $51,281,000 after acquiring an additional 9,023 shares in the last quarter. Union Bancaire Privee UBP SA increased its stake in shares of Corning by 122.2% during the 1st quarter. Union Bancaire Privee UBP SA now owns 145,588 shares of the electronics maker’s stock worth $19,796,000 after purchasing an additional 80,080 shares during the last quarter. Lewis Asset Management LLC acquired a new position in shares of Corning during the 1st quarter worth about $435,000. River Street Advisors LLC raised its holdings in shares of Corning by 0.5% in the 1st quarter. River Street Advisors LLC now owns 34,914 shares of the electronics maker’s stock valued at $4,747,000 after purchasing an additional 170 shares during the period. Finally, Maridea Wealth Management LLC acquired a new stake in Corning in the 1st quarter valued at about $1,954,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Stock Up 0.9%

Corning stock opened at $223.00 on Monday. The company’s 50-day moving average price is $184.70 and its two-hundred day moving average price is $142.10. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The stock has a market cap of $191.92 billion, a P/E ratio of 106.70, a P/E/G ratio of 3.16 and a beta of 1.15. Corning Incorporated has a twelve month low of $51.32 and a twelve month high of $230.50.

Corning (NYSE:GLW) last issued 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. 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 analysts’ expectations of $4.30 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The business’s revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, analysts expect that Corning Incorporated will post 3.19 EPS for the current year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be paid a $0.28 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.12 annualized dividend and a yield of 0.5%. Corning’s payout ratio is 53.59%.

Wall Street Analyst Weigh In

GLW has been the subject of a number of research analyst reports. Mizuho lifted their price target on Corning from $190.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Barclays raised their price objective on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Wall Street Zen downgraded Corning from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a research note on Friday, May 15th. Finally, Bank of America raised their price target on Corning from $155.00 to $186.00 and gave the company a “buy” rating in a report on Monday, April 20th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $182.62.

Insider Transactions at Corning

In other news, VP John Z. Zhang sold 10,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $198.34, for a total value of $1,983,400.00. Following the completion of the sale, the vice president owned 5,138 shares of the company’s stock, valued at approximately $1,019,070.92. The trade was a 66.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michaune D. Tillman sold 3,260 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $207.02, for a total transaction of $674,885.20. Following the completion of the transaction, the senior vice president owned 10,174 shares in the company, valued at $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 quarter, insiders sold 160,655 shares of company stock worth $30,692,560. 0.25% of the stock is currently owned by company insiders.

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.