Paragon Private Wealth Management LLC Raises Stock Position in Corning Incorporated $GLW

Paragon Private Wealth Management LLC raised its stake in shares of Corning Incorporated (NYSE:GLW) by 35.3% during the fourth quarter, Holdings Channel reports. The firm owned 11,047 shares of the electronics maker’s stock after buying an additional 2,883 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in Corning were worth $967,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Merit Financial Group LLC increased its position in Corning by 16.9% during the 4th quarter. Merit Financial Group LLC now owns 45,001 shares of the electronics maker’s stock valued at $3,940,000 after purchasing an additional 6,493 shares during the period. Lansforsakringar Fondforvaltning AB publ increased its position in Corning by 4.9% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker’s stock valued at $21,471,000 after purchasing an additional 12,297 shares during the period. Security National Bank increased its position in Corning by 340.4% during the 4th quarter. Security National Bank now owns 72,523 shares of the electronics maker’s stock valued at $6,350,000 after purchasing an additional 56,056 shares during the period. Three Seasons Wealth LLC bought a new stake in shares of Corning during the 4th quarter valued at $1,750,000. Finally, Natixis Advisors LLC boosted its holdings in shares of Corning by 32.1% during the 3rd quarter. Natixis Advisors LLC now owns 479,921 shares of the electronics maker’s stock valued at $39,367,000 after buying an additional 116,583 shares in the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GLW shares. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a report on Friday, May 15th. Bank of America boosted their target price on shares of Corning from $155.00 to $186.00 and gave the company a “buy” rating in a report on Monday, April 20th. HSBC restated a “buy” rating and set a $135.00 target price on shares of Corning in a report on Friday, February 13th. Wall Street Zen cut shares of Corning from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Truist Financial boosted their target price on shares of Corning from $125.00 to $149.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $178.31.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning announced a multibillion-dollar, multiyear deal with Amazon to supply optical fiber, cable, and connectivity solutions for U.S. data centers, strengthening its position in AI and cloud infrastructure. Amazon, Corning sign multi-billion-dollar deal to boost fiber optics manufacturing in US
• Positive Sentiment: The deal is expected to expand Corning’s North Carolina manufacturing footprint and create about 1,000 jobs, which supports longer-term production capacity and customer demand. Amazon strikes multibillion-dollar deal with Corning to power AI data centers in U.S.
• Positive Sentiment: Analysts and commentators are pointing to Corning as a key beneficiary of the shift from copper to optical fiber in AI data centers, with demand from hyperscalers improving the company’s growth outlook. Corning Is Paving AI’s Future With Glass
• Positive Sentiment: Corning’s optical communications sales have been growing quickly, and the Amazon deal adds to a string of AI-related wins that could support margin expansion and earnings upgrades. Why Corning (GLW) Is Up 6.1% After Amazon’s Multiyear US Data Center Fiber Deal And What’s Next
• Neutral Sentiment: Corning CEO Wendell P. Weeks sold 100,000 shares, a routine insider sale that may raise some caution but does not necessarily change the company’s operating outlook. SEC Form 4

Insider Buying and Selling

In related news, SVP Soumya Seetharam sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president owned 25,570 shares in the company, valued at $5,273,301.10. The trade was a 43.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John Z. Zhang sold 10,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the completion of the transaction, the vice president owned 5,138 shares in the company, valued at approximately $1,019,070.92. The trade was a 66.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 160,655 shares of company stock worth $30,692,561 over the last quarter. 0.25% of the stock is owned by insiders.

Corning Stock Performance

Shares of Corning stock opened at $174.12 on Wednesday. The stock has a market cap of $149.86 billion, a price-to-earnings ratio of 83.31, a PEG ratio of 2.68 and a beta of 1.15. The firm’s 50-day moving average is $174.78 and its 200 day moving average is $132.02. Corning Incorporated has a 1 year low of $49.47 and a 1 year high of $211.79. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06.

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

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be paid 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 payout ratio 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.