Corning Incorporated $GLW Stake Cut by CORDA Investment Management LLC.

CORDA Investment Management LLC. cut its position in shares of Corning Incorporated (NYSE:GLW) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 440,238 shares of the electronics maker’s stock after selling 9,274 shares during the period. Corning accounts for about 2.8% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 13th largest position. CORDA Investment Management LLC.’s holdings in Corning were worth $38,547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Joel Isaacson & Co. LLC raised its stake in shares of Corning by 0.5% during the 4th quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker’s stock worth $1,797,000 after purchasing an additional 102 shares in the last quarter. CVA Family Office LLC raised its stake in shares of Corning by 10.3% during the 3rd quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock worth $98,000 after purchasing an additional 111 shares in the last quarter. Angeles Wealth Management LLC raised its stake in shares of Corning by 2.8% during the 3rd quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker’s stock worth $348,000 after purchasing an additional 116 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC raised its stake in shares of Corning by 37.3% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 442 shares of the electronics maker’s stock worth $39,000 after purchasing an additional 120 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its stake in shares of Corning by 58.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 124 shares in the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Stock Performance

GLW opened at $182.71 on Friday. The firm has a market capitalization of $157.24 billion, a P/E ratio of 87.42, a price-to-earnings-growth ratio of 2.59 and a beta of 1.14. The stock’s 50 day moving average price is $150.46 and its two-hundred day moving average price is $115.11. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 12-month low of $44.83 and a 12-month high of $195.81.

Corning (NYSE:GLW) last announced its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 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 $4.35 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the company earned $0.54 EPS. The company’s quarterly revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities analysts forecast that Corning Incorporated will post 3.17 earnings per share for the current year.

Corning Dividend Announcement

The company also recently disclosed 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 is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. Corning’s dividend payout ratio (DPR) is currently 53.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GLW shares. Truist Financial raised their price target on Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Wolfe Research set a $130.00 price objective on Corning and gave the company an “outperform” rating in a report on Tuesday, January 27th. Zacks Research raised Corning from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.69.

Insider Buying and Selling

In other Corning news, COO Avery H. Nelson III sold 1,583 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total value of $203,795.42. Following the completion of the sale, the chief operating officer owned 59,788 shares in the company, valued at approximately $7,697,107.12. This trade represents a 2.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric S. Musser sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $130.25, for a total value of $1,953,750.00. Following the completion of the sale, the insider owned 4,926 shares of the company’s stock, valued at $641,611.50. This represents a 75.28% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 177,256 shares of company stock worth $26,541,572. 0.25% of the stock is currently owned by corporate insiders.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Nvidia committed several billion to help fund new Corning factories and is taking an equity stake (up to ~$3.2B disclosed), meaning Corning gets near‑term capital and a large customer committed to absorbing expanded output. Nvidia funds construction of Corning plants, in addition to equity investment
• Positive Sentiment: Multiyear commercial and technology partnership (including a reported $500M initial investment/warrant structure) will expand U.S. optical connectivity capacity — Corning says it will increase U.S. photonics capacity ~10x and build multiple new plants, locking long‑term hyperscale demand. Nvidia CEO says AI partnership with Corning will ‘revitalize American manufacturing’
• Positive Sentiment: Major Wall Street firms bumped targets after the deal: Citigroup raised its PT to $225 and kept a Buy rating, and Oppenheimer lifted its PT to $210 with an Outperform — both signal higher analyst conviction on growth from photonics and Springboard upgrades. Benzinga coverage of analyst price target changes
• Neutral Sentiment: JPMorgan raised its price target modestly to $185 but kept a Neutral stance, reflecting some caution on valuation despite acknowledging the partnership’s strategic value. Benzinga coverage of JPMorgan price target change
• Neutral Sentiment: Some optics names are pulling back as the AI optics trade takes a breather — this shows sector rotation and short‑term volatility even as Corning secures large contracts. Applied Optoelectronics Crashes 14%, Coherent Slides 10%, Lumentum Falls 7 as Optics Trade Cools
• Negative Sentiment: Valuation is elevated (trailing P/E ~87 per recent data) and the rally already reflects aggressive forward revenue and margin assumptions — execution, plant build timelines and contract fulfillment are key risks that could trigger a pullback if targets slip.

Corning 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.