Corning Incorporated $GLW Position Boosted by Artemis Investment Management LLP

Artemis Investment Management LLP lifted its holdings in shares of Corning Incorporated (NYSE:GLW) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 287,046 shares of the electronics maker’s stock after purchasing an additional 10,688 shares during the period. Artemis Investment Management LLP’s holdings in Corning were worth $44,136,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Atwood & Palmer Inc. purchased a new stake in shares of Corning during the 2nd quarter valued at approximately $26,000. Rogco LP bought a new position in Corning in the 2nd quarter worth about $27,000. Toth Financial Advisory Corp lifted its position in Corning by 130.7% during the third quarter. Toth Financial Advisory Corp now owns 173 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 98 shares during the last quarter. Quintet Private Bank Europe S.A. grew its position in Corning by 220.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 240 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 165 shares in the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. increased its position in shares of Corning by 40.5% during the 4th quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 434 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: AI infrastructure demand is supporting Corning’s optical communications business, with rising network requirements, strong backlogs and data-center growth cited as potential catalysts for additional upside. Buy GLW & CIEN to Gain More on AI Communication Component Space Rally
• Positive Sentiment: Truist raised its price target for Corning from $175 to $182, signaling continued confidence in the company’s outlook and potential AI-driven demand. Truist raises target for Corning stock
• Positive Sentiment: Analyst commentary highlights Corning’s optical-fiber growth, major data-center agreements and improving solar sales as factors reshaping its growth outlook. The company recently reported revenue growth and earnings above consensus, although valuation and profitability risks remain. Corning Surges 93% Year to Date
• Neutral Sentiment: Corning declared a quarterly dividend of $0.28 per share, payable December 11 to shareholders of record November 13. The $1.12 annualized payout represents a yield of approximately 0.7%, providing modest income support but likely limited near-term influence on the stock. Corning Announces Quarterly Dividend
• Negative Sentiment: Pomerantz LLP announced investigations into potential claims on behalf of Corning investors. The alerts do not establish wrongdoing, but they can create headline risk and investor uncertainty. Similar notices were issued on October 6 and October 8. Pomerantz Investor Alert

Insiders Place Their Bets

In other news, EVP Lewis Steverson sold 13,100 shares of Corning stock in a transaction on Friday, August 28th. The shares were sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the transaction, the executive vice president owned 15,052 shares in the company, valued at $2,277,217.08. This trade represents a 46.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

Corning Stock Performance

Shares of GLW traded down $8.66 during mid-day trading on Thursday, hitting $154.59. 3,569,947 shares of the company traded hands, compared to its average volume of 12,041,274. Corning Incorporated has a 1 year low of $77.39 and a 1 year high of $271.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. The stock has a 50-day moving average price of $155.06 and a two-hundred day moving average price of $168.44. The stock has a market cap of $133.16 billion, a price-to-earnings ratio of 70.86, a P/E/G ratio of 2.15 and a beta of 1.13.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Corning had a return on equity of 20.09% and a net margin of 11.20%.The firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same period last year, the business posted $0.60 EPS. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Equities analysts anticipate that Corning Incorporated will post 3.28 earnings per share for the current year.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 13th will be given a $0.28 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.12 annualized dividend and a yield of 0.7%. Corning’s dividend payout ratio (DPR) is presently 51.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lowered their target price on Corning from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. Oppenheimer lowered their price objective on shares of Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Bank of America upped their target price on shares of Corning from $223.00 to $243.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Weiss Ratings cut Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Finally, JPMorgan Chase & Co. dropped their target price on Corning from $200.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Twelve analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Corning has an average rating of “Moderate Buy” and an average price target of $174.87.

Corning Company Profile

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.