Corning Incorporated $GLW Holdings Cut by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division reduced its stake in Corning Incorporated (NYSE:GLW) by 13.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,601 shares of the electronics maker’s stock after selling 6,468 shares during the period. Corning accounts for about 1.1% of Central Pacific Bank Trust Division’s investment portfolio, making the stock its 13th biggest holding. Central Pacific Bank Trust Division’s holdings in Corning were worth $10,882,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in GLW. Canandaigua National Bank & Trust Co. acquired a new position in Corning during the 2nd quarter valued at approximately $4,728,000. Epiq Partners LLC acquired a new stake in Corning in the second quarter worth $269,000. Moody National Bank Trust Division lifted its stake in Corning by 1.1% in the second quarter. Moody National Bank Trust Division now owns 6,759 shares of the electronics maker’s stock valued at $1,726,000 after buying an additional 71 shares during the last quarter. Ridgeline Wealth LLC bought a new stake in Corning in the second quarter valued at $337,000. Finally, Pacific Excel Wealth Advisors Inc. acquired a new position in shares of Corning during the second quarter valued at $265,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Price Performance

NYSE GLW opened at $159.93 on Wednesday. Corning Incorporated has a 12 month low of $63.07 and a 12 month high of $271.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24. The firm has a market capitalization of $137.76 billion, a PE ratio of 73.03, a P/E/G ratio of 1.89 and a beta of 1.14. The company’s 50 day simple moving average is $181.24 and its 200 day simple moving average is $158.13.

Corning (NYSE:GLW) last released its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, equities research analysts forecast that Corning Incorporated will post 3.26 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued 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 dividend payout ratio is 51.14%.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Truist upgraded Corning to Buy: The firm said July’s sharp sell-off created an attractive entry point, helping revive investor interest in Corning’s optical networking and specialty-glass businesses. Corning upgraded by Truist, firm says pullback provides opportunity
• Positive Sentiment: Potential China restrictions are viewed as a catalyst for some suppliers: Reports that China may restrict imports of certain data-center components have lifted several optical and networking stocks, including Corning. Investors may be anticipating changes in sourcing, competition, or demand for Corning’s optical infrastructure products. Marvell, Corning, and Lumentum Stocks Surge on Report of China Import Ban
• Positive Sentiment: Analysts see substantial upside: A report highlighted an average Wall Street price target of $193.40, while other coverage points to artificial-intelligence infrastructure, solar, and automotive demand as longer-term growth drivers. Corning Dropped 25% Over a Month: A Major U.S. Bank Expects 66% Gains Over The Near Term
• Neutral Sentiment: Recent earnings provide support: Corning exceeded quarterly revenue and earnings expectations, with revenue up 17.1% year over year, and guided to third-quarter earnings of $0.85–$0.89 per share. The strong results support the recovery narrative, though the stock’s elevated valuation leaves less room for disappointment.
• Negative Sentiment: Polysilicon tariffs and China-related curbs remain risks: Potential U.S. tariffs or a polysilicon price floor could raise costs or pressure Corning’s solar and semiconductor-materials businesses. China restrictions could also disrupt customers and supply chains, making the immediate effect on earnings difficult to assess. Corning Faces New Questions As Polysilicon Tariffs And China Curbs Loom

Insiders Place Their Bets

In other Corning news, SVP Michaune D. Tillman sold 3,260 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $207.02, for a total value of $674,885.20. Following the sale, the senior vice president directly owned 10,174 shares in the company, valued at approximately $2,106,221.48. The trade was a 24.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jaymin Amin sold 27,395 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the completion of the sale, the senior vice president directly owned 94,400 shares of the company’s stock, valued at $18,138,016. The trade was a 22.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 160,655 shares of company stock valued at $30,692,560. 0.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on GLW shares. UBS Group restated a “buy” rating and set a $196.00 price target on shares of Corning in a research report on Wednesday, July 29th. Oppenheimer cut their price objective on shares of Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Susquehanna boosted their target price on shares of Corning from $125.00 to $180.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Truist Financial upgraded shares of Corning from a “hold” rating to a “buy” rating and decreased their target price for the stock from $205.00 to $175.00 in a research report on Sunday. Finally, Bank of America lifted their price target on Corning from $223.00 to $243.00 and gave the company a “buy” rating in a report on Monday, July 6th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $174.08.

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.