Fidelis Capital Partners LLC Grows Stake in Corning Incorporated $GLW

Fidelis Capital Partners LLC boosted its position in Corning Incorporated (NYSE:GLW) by 79.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,451 shares of the electronics maker’s stock after purchasing an additional 6,402 shares during the period. Fidelis Capital Partners LLC’s holdings in Corning were worth $1,265,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Corning during the third quarter worth $25,000. Berbice Capital Management LLC purchased a new position in Corning during the fourth quarter worth $26,000. Strengthening Families & Communities LLC purchased a new position in Corning during the third quarter worth $27,000. Cornerstone Planning Group LLC increased its position in Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after buying an additional 124 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new position in Corning during the third quarter worth $33,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning continues to benefit from investor enthusiasm around AI-driven optical connectivity and photonics, which has helped support the stock’s strong year-to-date rally.
• Positive Sentiment: Recent commentary highlighted upside tied to Corning’s solar and life sciences businesses, with analysts pointing to potential growth from U.S. tariff protection, domestic capacity expansion, and new product opportunities.
• Positive Sentiment: The company’s last earnings report beat expectations slightly, with revenue and EPS both topping estimates and management guiding Q2 EPS above prior levels.
• Neutral Sentiment: Wall Street sentiment remains constructive overall, with Corning carrying a “Moderate Buy” consensus and several recent price targets clustered around the current trading range.
• Neutral Sentiment: The upcoming ex-dividend date may be contributing to some short-term position adjustment, though the dividend yield is modest.
• Negative Sentiment: Sentiment was weighed down by a Zacks Research downgrade from “strong-buy” to “hold,” which can encourage traders to lock in gains after the rally.
• Negative Sentiment: Recent insider selling, including a notable sale by SVP and CTO Jaymin Amin, has added to near-term caution and may be reinforcing concerns about valuation after the stock’s sharp advance.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GLW shares. Susquehanna raised their price target on Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Fox Advisors downgraded Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Barclays raised their price target on Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Bank of America raised their price target on Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, Truist Financial raised their price target on Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. 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, Corning presently has a consensus rating of “Moderate Buy” and an average price target of $177.92.

Insider Transactions at Corning

In related news, SVP Michaune D. Tillman sold 3,260 shares of Corning stock in a transaction on 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 owned 10,174 shares in the company, valued at approximately $2,106,221.48. This trade represents 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 the SEC website. Also, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total value of $5,263,675.30. Following the completion of the transaction, the senior vice president owned 94,400 shares in the company, valued at $18,138,016. The trade was a 22.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 60,655 shares of company stock worth $12,046,561 over the last ninety days. 0.25% of the stock is owned by insiders.

Corning Price Performance

Shares of Corning stock opened at $183.06 on Friday. Corning Incorporated has a twelve month low of $48.88 and a twelve month high of $211.79. The stock has a market capitalization of $157.55 billion, a P/E ratio of 87.59, a PEG ratio of 2.73 and a beta of 1.14. 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 business’s fifty day moving average price is $166.43 and its 200 day moving average price is $126.21.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating 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 firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, research analysts anticipate that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be issued a $0.28 dividend. The ex-dividend date 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 presently 53.59%.

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.