Vanguard Group Inc. Purchases 750,530 Shares of Corning Incorporated $GLW

Vanguard Group Inc. lifted its position in Corning Incorporated (NYSE:GLW) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,702,639 shares of the electronics maker’s stock after purchasing an additional 750,530 shares during the quarter. Vanguard Group Inc. owned about 11.51% of Corning worth $8,096,577,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GLW. Norges Bank bought a new stake in shares of Corning during the 2nd quarter valued at about $534,936,000. WCM Investment Management LLC bought a new stake in Corning during the third quarter valued at approximately $676,931,000. Voya Investment Management LLC grew its stake in Corning by 748.0% in the 3rd quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock worth $260,014,000 after buying an additional 2,795,948 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Corning by 93.0% in the 2nd quarter. Raymond James Financial Inc. now owns 3,407,608 shares of the electronics maker’s stock worth $179,206,000 after buying an additional 1,641,558 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Corning by 125.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,683,497 shares of the electronics maker’s stock worth $220,127,000 after acquiring an additional 1,495,277 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

Insider Activity at Corning

In related news, SVP Li Fang sold 9,797 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Avery H. Nelson III sold 6,262 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $129.79, for a total transaction of $812,744.98. Following the transaction, the chief operating officer directly owned 61,371 shares in the company, valued at approximately $7,965,342.09. The trade was a 9.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 95,687 shares of company stock valued at $11,249,008 over the last 90 days. Company insiders own 0.32% of the company’s stock.

Corning Stock Up 1.5%

Shares of Corning stock opened at $133.52 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $136.82. The company’s 50 day moving average price is $98.58 and its 200-day moving average price is $85.52. The stock has a market capitalization of $114.55 billion, a price-to-earnings ratio of 72.56, a P/E/G ratio of 2.31 and a beta of 1.13.

Corning (NYSE:GLW) last announced its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts forecast that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Corning’s payout ratio is 60.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GLW shares. Argus lifted their price target on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Morgan Stanley boosted their target price on Corning from $98.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. Fox Advisors cut shares of Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Finally, Susquehanna increased their target price on shares of Corning from $100.00 to $125.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $114.25.

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.