Capital International Sarl Invests $391,000 in Corning Incorporated $GLW

Capital International Sarl purchased a new position in shares of Corning Incorporated (NYSE:GLW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,466 shares of the electronics maker’s stock, valued at approximately $391,000.

A number of other hedge funds have also modified their holdings of GLW. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Corning during the 3rd quarter worth $25,000. Berbice Capital Management LLC purchased a new position in shares of Corning during the 4th quarter worth $26,000. Basepoint Wealth LLC purchased a new position in Corning during the 4th quarter valued at about $26,000. Evolution Wealth Management Inc. boosted its holdings in Corning by 58.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 381 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 141 shares during the period. Finally, JPL Wealth Management LLC purchased a new position in Corning during the 3rd quarter valued at about $33,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Price Performance

GLW stock opened at $187.44 on Tuesday. 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 $161.32 billion, a P/E ratio of 89.68, a P/E/G ratio of 2.54 and a beta of 1.15. The business’s 50-day moving average is $174.04 and its two-hundred day moving average is $131.37. Corning Incorporated has a 1 year low of $49.47 and a 1 year high of $211.79.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.Corning’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Analysts anticipate that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Announces Dividend

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

Insider Buying and Selling

In other Corning news, SVP Soumya Seetharam sold 20,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $206.23, for a total value of $4,124,600.00. Following the sale, the senior vice president owned 25,570 shares of the company’s stock, valued at $5,273,301.10. This trade represents a 43.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John Z. Zhang sold 10,000 shares of the 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 directly 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 sold 60,655 shares of company stock worth $12,046,561 over the last 90 days. 0.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Oppenheimer raised their target price on Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Barclays raised their target price on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Susquehanna raised their target price on Corning from $125.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Morgan Stanley set a $180.00 target price on Corning in a report on Friday, May 8th. Finally, Zacks Research cut Corning from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Corning presently has an average rating of “Moderate Buy” and an average target price of $178.31.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Amazon’s multibillion-dollar partnership gives Corning a major new source of demand for optical fiber and connectivity solutions tied to AI and cloud data-center growth. Reuters article
• Positive Sentiment: The agreement is also expected to support Corning’s U.S. manufacturing expansion, including facility investment in North Carolina and about 1,000 new jobs, which could strengthen production capacity and investor confidence. Barron’s article
• Positive Sentiment: Analysts and market commentary are framing the deal as another validation of Corning’s growing exposure to the AI buildout, following earlier agreements with other large tech customers. CNBC article
• Neutral Sentiment: Some coverage notes valuation concerns after the sharp rally, suggesting the stock may need continued execution and additional deal flow to sustain the move. Yahoo Finance article

Corning Company 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.