Los Angeles Capital Management LLC Reduces Holdings in Corning Incorporated $GLW

Los Angeles Capital Management LLC reduced its holdings in shares of Corning Incorporated (NYSE:GLW) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,386,539 shares of the electronics maker’s stock after selling 143,144 shares during the period. Corning accounts for about 0.7% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its 25th largest holding. Los Angeles Capital Management LLC’s holdings in Corning were worth $215,457,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Berbice Capital Management LLC purchased a new position in Corning during the 4th quarter valued at about $26,000. Basepoint Wealth LLC purchased a new position in Corning during the 4th quarter valued at about $26,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Corning during the 3rd quarter valued at about $25,000. Evolution Wealth Management Inc. lifted its position in Corning by 58.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 381 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 141 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Corning during the 4th quarter valued at about $35,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Stock Performance

Shares of GLW stock opened at $177.52 on Friday. The company has a 50 day moving average price of $173.00 and a 200-day moving average price of $130.26. Corning Incorporated has a 52 week low of $49.47 and a 52 week high of $211.79. The firm has a market capitalization of $152.78 billion, a PE ratio of 84.94, a P/E/G ratio of 2.54 and a beta of 1.15. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last announced its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the business posted $0.54 earnings per share. The business’s revenue for the quarter 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, equities research analysts expect that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders 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 dividend yield of 0.6%. Corning’s payout ratio is currently 53.59%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GLW shares. JPMorgan Chase & Co. lifted their price target on shares of Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen cut shares of Corning from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley set a $180.00 price target on shares of Corning in a research report on Friday, May 8th. Oppenheimer raised their price objective on shares of Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, UBS Group raised their price objective on shares of Corning from $223.00 to $228.00 and gave the company a “buy” rating in a research note on Friday. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $178.31.

Insider Activity at Corning

In other news, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total value of $5,263,675.30. Following the completion of the sale, the senior vice president directly owned 94,400 shares in the company, valued at $18,138,016. The trade was a 22.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Soumya Seetharam sold 20,000 shares of Corning stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the completion of the sale, the senior vice president owned 25,570 shares of the company’s stock, valued at $5,273,301.10. This represents a 43.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 60,655 shares of company stock valued at $12,046,561. Insiders own 0.25% of the company’s stock.

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.