National Pension Service Sells 68,698 Shares of Corning Incorporated $GLW

National Pension Service lessened its stake in Corning Incorporated (NYSE:GLW) by 3.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,124,412 shares of the electronics maker’s stock after selling 68,698 shares during the quarter. National Pension Service’s holdings in Corning were worth $542,639,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. California State Teachers Retirement System lifted its holdings in shares of Corning by 26,791.0% during the 2nd quarter. California State Teachers Retirement System now owns 308,768,637 shares of the electronics maker’s stock worth $78,868,773,000 after acquiring an additional 307,620,415 shares during the last quarter. State Street Corp raised its position in Corning by 1.2% during the third quarter. State Street Corp now owns 37,008,856 shares of the electronics maker’s stock valued at $3,035,836,000 after purchasing an additional 439,883 shares in the last quarter. Geode Capital Management LLC raised its position in Corning by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 20,411,824 shares of the electronics maker’s stock valued at $1,781,250,000 after purchasing an additional 517,067 shares in the last quarter. Bank of America Corp DE lifted its stake in Corning by 29.2% during the second quarter. Bank of America Corp DE now owns 18,730,616 shares of the electronics maker’s stock worth $4,784,361,000 after purchasing an additional 4,231,507 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in Corning by 52.7% during the fourth quarter. Capital Research Global Investors now owns 16,890,802 shares of the electronics maker’s stock worth $1,478,959,000 after purchasing an additional 5,831,873 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Truist Financial upgraded Corning from a “hold” rating to a “buy” rating and reduced their price objective for the company from $205.00 to $175.00 in a research report on Sunday, August 2nd. Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Weiss Ratings cut shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Citigroup decreased 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, July 29th. Finally, Morgan Stanley lowered their price objective on shares of Corning from $180.00 to $165.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $178.64.

Insider Activity

In related 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 value of $1,981,899.00. Following the transaction, the executive vice president directly owned 15,052 shares of the company’s stock, valued at $2,277,217.08. The trade was a 46.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.25% of the company’s stock.

Corning Trading Up 1.6%

NYSE GLW opened at $168.66 on Thursday. The firm has a market cap of $145.28 billion, a PE ratio of 77.01, a price-to-earnings-growth ratio of 2.12 and a beta of 1.16. Corning Incorporated has a 1-year low of $72.72 and a 1-year high of $271.78. The stock has a 50-day moving average of $159.88 and a 200-day moving average of $166.07. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.Corning’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, sell-side analysts forecast that Corning Incorporated will post 3.27 EPS for the current year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued a $0.28 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning’s dividend payout ratio (DPR) is currently 51.14%.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning and Verizon signed a multi-year, multi-billion-dollar agreement covering more than 80 million miles of high-density optical fiber and connectivity solutions from 2027 through 2032. The deal provides longer-term revenue visibility and supports Verizon’s broadband expansion and AI-related network investments. Verizon signs optical fiber deal with Corning to expand broadband, support AI growth
• Positive Sentiment: The Verizon contract adds to Corning’s previously announced relationships with Meta, Amazon and NVIDIA, reinforcing the view that optical communications is becoming a key growth engine as data-center and AI network demand expands. Verizon and Corning Just Signed an 80 Million Mile Fiber Deal to Wire the AI Boom
• Positive Sentiment: Analyst sentiment also improved, with China Renaissance upgrading GLW from “hold” to “buy” and assigning a $238 price target. Optical-infrastructure stocks broadly rallied alongside Corning. Optical Stocks Surge as Corning Inks Multibillion-Dollar Supply Deal With Verizon
• Neutral Sentiment: The agreement extends Corning’s long-standing relationship with Verizon, but deliveries do not begin until 2027. The near-term financial impact will therefore depend on existing backlogs and current demand. Corning’s latest reported quarter showed 17.1% year-over-year revenue growth and earnings above consensus.
• Negative Sentiment: After the sharp rally, valuation and execution risks are more significant. Corning trades at an elevated earnings multiple, leaving less room for disappointment from manufacturing delays, weaker communications demand or a broader pullback in AI-related stocks. Recent insider activity also showed sales rather than purchases by several executives.

About Corning

Corning Incorporated (NYSE: GLW) is a global materials science and technology company that develops specialty glass, ceramics and optical fiber products. Founded in 1851 and headquartered in Corning, New York, the company combines expertise in glass science, ceramics science, optical physics and manufacturing to serve communications, consumer electronics, automotive, life sciences and other industrial markets.

Corning’s products include optical fiber, cable and hardware used in telecommunications networks; cover glass and other components for mobile devices, laptops and other electronics; display glass for televisions and computer monitors; emissions-control products for automobiles and trucks; laboratory vessels and equipment; and specialty glass and ceramic products for industrial, semiconductor and aerospace applications.

The company serves customers worldwide through manufacturing, research and commercial operations across North America, Europe and Asia.