Corning Incorporated $GLW Shares Sold by SFE Investment Counsel

SFE Investment Counsel lowered its position in shares of Corning Incorporated (NYSE:GLW) by 10.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,161 shares of the electronics maker’s stock after selling 2,963 shares during the period. SFE Investment Counsel’s holdings in Corning were worth $2,116,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Alexander Randolph Advisory Inc. bought a new stake in Corning in the 4th quarter valued at about $203,000. Catalyst Financial Partners LLC boosted its stake in Corning by 9.4% during the 4th quarter. Catalyst Financial Partners LLC now owns 11,202 shares of the electronics maker’s stock valued at $981,000 after purchasing an additional 963 shares during the period. Oregon Public Employees Retirement Fund grew its position in Corning by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 89,344 shares of the electronics maker’s stock worth $7,823,000 after purchasing an additional 300 shares during the last quarter. Stonebridge Financial Group LLC MO acquired a new stake in shares of Corning in the fourth quarter valued at approximately $678,000. Finally, Independent Advisor Alliance increased its stake in shares of Corning by 37.5% in the fourth quarter. Independent Advisor Alliance now owns 50,394 shares of the electronics maker’s stock valued at $4,412,000 after purchasing an additional 13,738 shares during the period. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Transactions at Corning

In related news, SVP Soumya Seetharam sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Michaune D. Tillman sold 3,260 shares of Corning stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $207.02, for a total value of $674,885.20. Following the transaction, 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 170,774 shares of company stock worth $28,148,435. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Oppenheimer boosted their price objective on Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Morgan Stanley set a $180.00 target price on Corning in a research note on Friday, May 8th. Wall Street Zen lowered Corning from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Susquehanna increased their price target on Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and an average price target of $177.92.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Analysts and market coverage continue to highlight Corning as a winner from AI data-center growth, with rising demand for optical components, photonics, and expanded U.S. manufacturing capacity supporting the long-term outlook. 3 Optical Component Giants in Focus on Massive AI Data Center Growth
• Positive Sentiment: Mizuho raised its price target on Corning and kept an outperform rating, signaling continued confidence after the stock’s sharp run-up. Mizuho Issues Positive Forecast for Corning (NYSE:GLW) Stock Price
• Positive Sentiment: Additional bullish commentary has focused on Corning’s AI-related momentum, including attention to its optical connectivity platform and broader growth opportunity versus peers in connectivity. Corning vs. Nokia: Which Connectivity Stock is the Better Buy Now?
• Neutral Sentiment: Recent commentary also notes that Corning’s valuation has become richer after its strong advance, so upside may depend on execution and continued AI demand. Corning Surges 137.4% Year to Date: How to Play the Stock
• Negative Sentiment: Three Corning executives disclosed stock sales this week, which can raise caution among investors even if the sales were preplanned or routine. Corning (NYSE:GLW) SVP Sells $674,885.20 in Stock

Corning Trading Up 4.3%

Shares of NYSE:GLW opened at $206.71 on Thursday. The company has a 50 day moving average of $154.06 and a 200-day moving average of $118.32. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The firm has a market cap of $177.90 billion, a P/E ratio of 98.90, a P/E/G ratio of 2.84 and a beta of 1.14. Corning Incorporated has a twelve month low of $46.77 and a twelve month high of $211.79.

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

Corning Dividend Announcement

The company also recently disclosed 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 0.5%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s payout ratio is currently 53.59%.

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.