Mitsubishi UFJ Asset Management Co. Ltd. Acquires 85,280 Shares of Corning Incorporated $GLW

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Corning Incorporated (NYSE:GLW) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,787,244 shares of the electronics maker’s stock after buying an additional 85,280 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.21% of Corning worth $146,608,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in Corning by 46.0% during the fourth 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 during the period. Retirement Planning Co of New England Inc. bought a new position in shares of Corning during the 1st quarter valued at approximately $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 valued at $2,962,000 after buying an additional 5,522 shares during the period. Sivia Capital Partners LLC bought a new stake in Corning in the second quarter worth $401,000. Finally, Schnieders Capital Management LLC. purchased a new position in Corning during the second quarter worth $266,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GLW shares. Fox Advisors downgraded shares of Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. HSBC reissued a “buy” rating and issued a $135.00 price objective on shares of Corning in a research note on Friday, February 13th. UBS Group increased their price target on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Susquehanna raised their price target on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.42.

Corning Stock Performance

Corning stock opened at $150.29 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The company has a market capitalization of $128.94 billion, a PE ratio of 81.68, a P/E/G ratio of 2.77 and a beta of 1.13. The company has a 50 day moving average price of $107.02 and a 200-day moving average price of $89.58. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $162.10.

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

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, February 27th. Corning’s payout ratio is presently 60.87%.

Insider Buying and Selling

In other Corning news, VP John Z. Zhang sold 1,531 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $133.75, for a total transaction of $204,771.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Lewis A. Steverson sold 15,366 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the completion of the sale, the executive vice president owned 3,461 shares of the company’s stock, valued at approximately $450,691.42. This represents a 81.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 95,687 shares of company stock valued at $11,249,008 over the last quarter. 0.40% of the stock is owned by company insiders.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Citigroup raised its price target to $170 and put a Buy rating on GLW, signaling continued analyst confidence and providing upside vs. prior targets. Read More.
• Positive Sentiment: Multiple broker upgrades lifted the stock into fresh highs and drew buying interest — coverage notes that Corning’s end-market exposure (optical, data center glass) underpins long-term earnings upside. Read More.
• Positive Sentiment: Sell-side momentum translated into intraday strength earlier in the week (shares traded ~4% higher after an upgrade), fueling the recent rally. Read More.
• Positive Sentiment: Feature pieces argue Corning’s 200% rally is supported by structural demand (fiber buildouts, AI/data center glass) and improving fundamentals — these narratives help justify a richer multiple to some investors. Read More. Read More.
• Neutral Sentiment: Secondary reporting (Benzinga) reiterated the Citi price-target lift and Buy call, reinforcing the market narrative but not adding new fundamental data. Read More.
• Negative Sentiment: Despite bullish coverage, valuation is stretched (elevated P/E and recent run to near-record levels) which can trigger profit-taking and larger intraday swings; that appears to be the proximate cause of today’s pullback. Read More.

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.