Corning Incorporated $GLW Shares Purchased by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. raised its holdings in Corning Incorporated (NYSE:GLW) by 148.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,283 shares of the electronics maker’s stock after acquiring an additional 4,945 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Corning were worth $1,126,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Global Assets Advisory LLC bought a new stake in shares of Corning in the 1st quarter worth approximately $133,000. International Assets Investment Management LLC bought a new stake in Corning during the first quarter worth approximately $285,000. Diversify Wealth Management LLC boosted its holdings in Corning by 196.6% during the first quarter. Diversify Wealth Management LLC now owns 24,983 shares of the electronics maker’s stock worth $3,397,000 after buying an additional 16,559 shares in the last quarter. Valmark Advisers Inc. grew its position in Corning by 1.9% in the first quarter. Valmark Advisers Inc. now owns 7,653 shares of the electronics maker’s stock worth $1,041,000 after buying an additional 146 shares during the last quarter. Finally, Carnegie Investment Counsel grew its position in Corning by 6.4% in the first quarter. Carnegie Investment Counsel now owns 67,886 shares of the electronics maker’s stock worth $9,230,000 after buying an additional 4,073 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

Insider Transactions at Corning

In other news, SVP Michaune D. Tillman sold 3,260 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $207.02, for a total value of $674,885.20. Following the transaction, the senior vice president owned 10,174 shares in the company, valued at $2,106,221.48. This represents a 24.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John Z. Zhang sold 10,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the completion of the sale, the vice president directly owned 5,138 shares of the company’s stock, valued at $1,019,070.92. This trade represents a 66.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 160,655 shares of company stock worth $30,692,560. 0.25% of the stock is currently owned by company insiders.

Corning Stock Up 0.1%

Shares of NYSE:GLW opened at $191.12 on Monday. The firm has a 50 day simple moving average of $193.19 and a 200 day simple moving average of $150.40. Corning Incorporated has a 52 week low of $51.32 and a 52 week high of $271.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. The company has a market cap of $164.49 billion, a PE ratio of 91.45, a price-to-earnings-growth ratio of 2.50 and a beta of 1.09.

Corning (NYSE:GLW) last posted its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $4.34 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company 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 year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, August 31st. Corning’s dividend payout ratio is currently 53.59%.

Wall Street Analyst Weigh In

GLW has been the subject of a number of recent research reports. UBS Group set a $243.00 price objective on Corning in a research report on Monday, July 6th. Morgan Stanley set a $180.00 target price on Corning in a report on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a research report on Friday, May 15th. Barclays upped their target price on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Oppenheimer increased their price target on Corning from $210.00 to $230.00 and gave the company an “outperform” rating in a research report on Tuesday, July 7th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $193.54.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning landed a major multibillion-dollar agreement with Amazon to expand U.S. optical fiber production for AI data centers, and it is also partnering with Nvidia to grow domestic manufacturing capacity for advanced optical solutions. The deals reinforce Corning’s position as a key supplier in AI infrastructure. Corning (GLW) Lands Amazon Deal And Nvidia Tie Up For AI Fiber Expansion
• Positive Sentiment: Recent bullish commentary says Corning’s fundamentals remain strong, citing 18% core sales growth and 30% core EPS growth in Q1, along with momentum in Optical Communications and its Solar segment. Analysts are pointing to AI-driven fiber demand as a potential catalyst for further earnings growth. Corning: AI Partnerships Mounting, Making The 30% Plunge Buyable
• Neutral Sentiment: Market-moving articles from Barron’s also flagged Corning as one of the notable stocks in the day’s AI-driven market move, reflecting renewed investor attention rather than a company-specific earnings surprise. Stock movers article
• Neutral Sentiment: One bearish note argues that Corning may not be cheap enough after the recent pullback, suggesting valuation remains a concern even with improving growth prospects. Corning: 30 Percent Cheaper Is Not Good Enough
• Negative Sentiment: Another valuation-focused article describes Corning as having “strong fundamentals” but an “unverifiable multiple,” reinforcing concerns that the stock’s premium could limit upside if AI growth fails to accelerate further. Corning: Strong Fundamentals Wrapped In An Unverifiable Multiple

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.