Nwam LLC Sells 28,511 Shares of Corning Incorporated $GLW

Nwam LLC reduced its stake in Corning Incorporated (NYSE:GLW) by 39.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,743 shares of the electronics maker’s stock after selling 28,511 shares during the quarter. Nwam LLC’s holdings in Corning were worth $4,152,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. LRI Investments LLC raised its holdings in Corning by 1.0% in the 4th quarter. LRI Investments LLC now owns 17,448 shares of the electronics maker’s stock valued at $1,528,000 after acquiring an additional 169 shares during the period. NewEdge Wealth LLC raised its holdings in Corning by 13.9% in the 4th quarter. NewEdge Wealth LLC now owns 103,612 shares of the electronics maker’s stock valued at $9,072,000 after acquiring an additional 12,610 shares during the period. Triton Financial Group Inc raised its holdings in Corning by 1.6% in the 4th quarter. Triton Financial Group Inc now owns 21,139 shares of the electronics maker’s stock valued at $1,851,000 after acquiring an additional 343 shares during the period. Washington Trust Advisors Inc. raised its holdings in Corning by 258.8% in the 4th quarter. Washington Trust Advisors Inc. now owns 1,238 shares of the electronics maker’s stock valued at $108,000 after acquiring an additional 893 shares during the period. Finally, Farmers & Merchants Investments Inc. raised its holdings in Corning by 50.4% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 895 shares of the electronics maker’s stock valued at $78,000 after acquiring an additional 300 shares during the period. 69.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Corning

In other Corning news, EVP Lewis A. Steverson sold 15,366 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the sale, the executive vice president owned 3,461 shares in the company, valued at $450,691.42. This trade represents a 81.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP John Z. Zhang sold 1,531 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total transaction of $204,771.25. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 177,256 shares of company stock worth $26,541,572 in the last three months. Company insiders own 0.25% of the company’s stock.

Corning Stock Performance

NYSE GLW opened at $186.47 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $160.48 billion, a price-to-earnings ratio of 89.22, a P/E/G ratio of 2.65 and a beta of 1.14. The firm’s 50 day simple moving average is $150.46 and its 200 day simple moving average is $115.11. Corning Incorporated has a 1 year low of $44.83 and a 1 year high of $198.25.

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

Corning Announces Dividend

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 given a dividend of $0.28 per share. The ex-dividend date is Friday, May 29th. This represents a $1.12 annualized dividend and a dividend yield of 0.6%. Corning’s dividend payout ratio (DPR) is currently 53.59%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Fox Advisors cut shares of Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Wolfe Research set a $130.00 target price on shares of Corning and gave the stock an “outperform” rating in a report on Tuesday, January 27th. Oppenheimer raised their target price on shares of Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group raised their target price on shares of Corning from $179.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wall Street Zen cut shares of Corning from a “buy” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Corning has an average rating of “Moderate Buy” and an average target price of $172.15.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Nvidia is funding Corning’s plant construction and taking an equity stake, signaling a long-term strategic partnership that could materially grow Corning’s AI-related manufacturing business. Nvidia funds construction of Corning plants, in addition to equity investment
• Positive Sentiment: Analysts have been raising price targets and keeping generally constructive ratings, with Citi, Oppenheimer, and others citing stronger growth prospects after Corning’s recent results and the Nvidia deal. Analysts Have Conflicting Sentiments on These Technology Companies: Coherent Corp (COHR), Corning (GLW) and Fortinet (FTNT)
• Neutral Sentiment: Corning is also drawing attention from media and commentators, including a Closing Bell appearance and bullish commentary from Jim Cramer, which may support sentiment but does not change fundamentals by itself. Corning Incorporated to ring the NYSE Closing Bell® on Thursday
• Neutral Sentiment: Some articles warn the stock may be getting extended after a huge one-year run, suggesting valuation risk could limit upside if AI enthusiasm cools. Is Corning (GLW) Getting Ahead Of Itself After A 311% One Year Surge?
• Negative Sentiment: JPMorgan’s relatively cautious view and neutral rating suggest some analysts still see limited near-term upside after the rally, even with the higher target. Corning price target raised by JPMorgan Chase & Co.

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.