DUTCH ASSET Corp Takes $782,000 Position in Corning Incorporated $GLW

DUTCH ASSET Corp purchased a new position in Corning Incorporated (NYSE:GLW) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 8,929 shares of the electronics maker’s stock, valued at approximately $782,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Capital Research Global Investors purchased a new position in Corning during the 3rd quarter valued at $907,164,000. Norges Bank purchased a new stake in Corning in the fourth quarter worth $921,435,000. Wellington Management Group LLP increased its stake in Corning by 30.3% in the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock worth $1,358,211,000 after purchasing an additional 3,848,540 shares during the period. Polar Capital Holdings Plc lifted its position in shares of Corning by 141.2% during the third quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker’s stock worth $329,035,000 after purchasing an additional 2,348,125 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Corning by 102.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,562,644 shares of the electronics maker’s stock worth $399,505,000 after purchasing an additional 2,304,676 shares during the last quarter. 69.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GLW has been the topic of a number of research analyst reports. UBS Group upped their price target on shares of Corning from $223.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Wall Street Zen lowered shares of Corning from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Truist Financial boosted their price objective on shares of Corning from $125.00 to $149.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Morgan Stanley set a $180.00 target price on shares of Corning in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $178.31.

Insider Buying and Selling at Corning

In other news, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the transaction, the senior vice president directly owned 94,400 shares in the company, valued at approximately $18,138,016. This trade represents a 22.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John Z. Zhang sold 10,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $198.34, for a total value of $1,983,400.00. Following the completion of the transaction, the vice president directly owned 5,138 shares of the company’s stock, valued at approximately $1,019,070.92. The trade was a 66.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 160,655 shares of company stock worth $30,692,560. 0.25% of the stock is currently owned by company insiders.

Corning Trading Up 0.2%

NYSE:GLW opened at $195.28 on Friday. The firm has a 50-day simple moving average of $180.63 and a 200-day simple moving average of $137.25. Corning Incorporated has a one year low of $49.97 and a one year high of $211.79. The firm has a market cap of $168.06 billion, a P/E ratio of 93.44, a P/E/G ratio of 2.79 and a beta of 1.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the firm earned $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Equities analysts anticipate that Corning Incorporated will post 3.19 EPS for the current fiscal year.

Corning Dividend Announcement

The business also recently announced 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. This represents a $1.12 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s dividend payout ratio (DPR) is 53.59%.

About Corning

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.