Stonebridge Financial Group LLC MO Buys Shares of 7,741 Corning Incorporated $GLW

Stonebridge Financial Group LLC MO purchased a new stake in Corning Incorporated (NYSE:GLW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,741 shares of the electronics maker’s stock, valued at approximately $678,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GLW. Capital Research Global Investors bought a new stake in shares of Corning in the 3rd quarter valued at about $907,164,000. WCM Investment Management LLC bought a new stake in shares of Corning in the 3rd quarter valued at about $676,931,000. Wellington Management Group LLP increased its stake in shares of Corning by 30.3% in the 3rd quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after acquiring an additional 3,848,540 shares during the last quarter. Polar Capital Holdings Plc increased its stake in shares of Corning by 141.2% in the 3rd quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker’s stock valued at $329,035,000 after acquiring an additional 2,348,125 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Corning in the 3rd quarter valued at about $185,221,000. 69.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GLW. Barclays upped their price target on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday. Wall Street Zen cut Corning from a “buy” rating to a “hold” rating in a research note on Saturday. Mizuho upped their price target on Corning from $190.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday. UBS Group upped their price target on Corning from $179.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. increased their target price on Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $177.92.

Corning Trading Down 4.4%

NYSE:GLW opened at $198.23 on Wednesday. Corning Incorporated has a twelve month low of $46.77 and a twelve month high of $208.92. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average price of $153.08 and a two-hundred day moving average price of $117.47. The company has a market cap of $170.60 billion, a P/E ratio of 94.85, a price-to-earnings-growth ratio of 2.97 and a beta of 1.14.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. The business’s revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, analysts expect 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. Shareholders of record on Friday, May 29th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. Corning’s dividend payout ratio is 53.59%.

Insider Transactions at Corning

In other Corning news, CEO Wendell P. Weeks sold 137,514 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the transaction, the chief executive officer owned 750,585 shares of the company’s stock, valued at $116,618,391.45. This represents a 15.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Soumya Seetharam sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $206.23, for a total value of $4,124,600.00. Following the transaction, the senior vice president directly owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. This trade represents a 43.89% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 172,305 shares of company stock worth $28,353,207. Insiders own 0.25% of the company’s stock.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning remains in focus as an AI data-center beneficiary, with articles highlighting strong demand for optical components, expanded U.S. manufacturing, and photonics growth plans tied to infrastructure spending. 3 Optical Component Giants in Focus on Massive AI Data Center Growth
• Positive Sentiment: Mizuho raised its price target on Corning and reiterated an outperform view, reinforcing expectations for further upside after the stock’s strong run.
• Positive Sentiment: Investor enthusiasm also increased around Corning’s recent AI momentum, including coverage noting a major Nvidia partnership and Bank of America’s addition of the stock to its “US 1 List.” Corning surges to record high: is the AI boom just beginning?
• Neutral Sentiment: Corning was also highlighted in a broader bullish piece on how to play the stock after its sharp year-to-date gain, but the article noted risks from competition and cyclical end markets. Corning Surges 137.4% Year to Date: How to Play the Stock
• Negative Sentiment: Three Corning executives disclosed stock sales on May 11, which can sometimes temper enthusiasm despite the broader bullish backdrop.

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.