Gateway Wealth Partners LLC Buys Shares of 4,670 Corning Incorporated $GLW

Gateway Wealth Partners LLC purchased a new position in Corning Incorporated (NYSE:GLW) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,670 shares of the electronics maker’s stock, valued at approximately $635,000.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after purchasing an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new stake in Corning during the 1st quarter worth approximately $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Corning by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Corning during the 2nd quarter worth approximately $401,000. Finally, Schnieders Capital Management LLC. acquired a new stake in Corning during the 2nd quarter worth approximately $266,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning reported adjusted second-quarter earnings of $0.78 per share versus the $0.76 consensus estimate, while revenue rose 17.1% year over year to $4.74 billion, ahead of expectations. Corning Stock Crashes on Earnings, But the Sell-Off Looks Overdone
• Positive Sentiment: Management highlighted sustained demand for optical fiber, cables and connectors used in AI data centers, along with its Springboard strategy to expand sales and profitability. Amazon and Nvidia-related fiber demand remains an important growth catalyst. GLW Q2 Earnings Call Highlights AI Growth Plan
• Positive Sentiment: Strong free cash flow has attracted bullish options activity: unusually heavy short-put trading suggests some investors view the selloff as an attractive entry point and are willing to buy shares at lower prices. Corning Delivers Strong FCF Results, But Investors Play GLW Stock’s Drop With an Unusual Short-Put Play
• Positive Sentiment: Citigroup retained a Buy rating despite reducing its price target to $220, indicating analysts still see substantial long-term upside in Corning’s optical and AI infrastructure exposure.

Insider Activity at Corning

In related news, SVP Soumya Seetharam sold 20,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $206.23, for a total value of $4,124,600.00. Following the completion of the transaction, the senior vice president directly owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. This trade represents a 43.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michaune D. Tillman sold 3,260 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $207.02, for a total transaction 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. The trade was a 24.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 160,655 shares of company stock worth $30,692,560. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

GLW has been the topic of a number of research reports. Citigroup cut their price target on shares of Corning from $240.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday. 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 research report on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of Corning from $200.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Mizuho reduced their target price on shares of Corning from $270.00 to $210.00 and set an “outperform” rating for the company in a research note on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $176.38.

Corning Price Performance

Shares of NYSE GLW opened at $135.43 on Friday. The stock has a market capitalization of $116.56 billion, a price-to-earnings ratio of 61.84, a PEG ratio of 1.62 and a beta of 1.09. The business has a 50-day moving average of $184.02 and a 200-day moving average of $156.88. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.06. Corning Incorporated has a fifty-two week low of $61.44 and a fifty-two week high of $271.78.

Corning (NYSE:GLW) last released its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. Corning’s quarterly revenue was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, sell-side analysts predict that Corning Incorporated will post 3.22 earnings per share for the current fiscal year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Corning’s payout ratio is 51.14%.

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.