Corning Incorporated $GLW Position Lowered by Nwam LLC

Nwam LLC decreased its position in Corning Incorporated (NYSE:GLW) by 23.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,715 shares of the electronics maker’s stock after selling 9,765 shares during the quarter. Nwam LLC’s holdings in Corning were worth $8,101,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Teza Capital Management LLC grew its holdings in shares of Corning by 83.5% during the second quarter. Teza Capital Management LLC now owns 4,430 shares of the electronics maker’s stock valued at $1,132,000 after purchasing an additional 2,016 shares during the last quarter. Gill Capital Partners LLC grew its stake in Corning by 10.2% during the 2nd quarter. Gill Capital Partners LLC now owns 926 shares of the electronics maker’s stock worth $237,000 after buying an additional 86 shares during the last quarter. Rehmann Capital Advisory Group increased its position in Corning by 5.5% in the second quarter. Rehmann Capital Advisory Group now owns 3,780 shares of the electronics maker’s stock worth $963,000 after buying an additional 198 shares during the period. Strategic Advisors LLC increased its position in Corning by 13.0% in the second quarter. Strategic Advisors LLC now owns 3,712 shares of the electronics maker’s stock worth $948,000 after buying an additional 428 shares during the period. Finally, Oarsman Capital Inc. bought a new stake in Corning in the second quarter valued at $264,000. 69.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Corning news, EVP Lewis A. Steverson sold 13,100 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the completion of the sale, the executive vice president directly owned 15,052 shares of the company’s stock, valued at approximately $2,277,217.08. This represents a 46.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Wendell P. Weeks sold 100,000 shares of Corning stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the completion of the transaction, the chief executive officer directly owned 908,353 shares in the company, valued at approximately $169,371,500.38. This trade represents a 9.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.25% of the stock is owned by insiders.

Corning Stock Down 0.2%

GLW opened at $148.75 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. The company has a market capitalization of $128.13 billion, a PE ratio of 67.92, a P/E/G ratio of 1.91 and a beta of 1.14. The stock’s fifty day moving average is $169.96 and its 200-day moving average is $164.98. Corning Incorporated has a one year low of $66.14 and a one year high of $271.78.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.02. The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The company’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, equities analysts predict that Corning Incorporated will post 3.27 EPS for the current fiscal year.

Corning Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, August 31st. Corning’s payout ratio is presently 51.14%.

Analysts Set New Price Targets

GLW has been the topic of a number of analyst reports. Wall Street Zen cut shares of Corning from a “buy” rating to a “hold” rating in a report on Monday, August 24th. Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Morgan Stanley cut their price objective on shares of Corning from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. Barclays decreased their target price on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. Finally, Oppenheimer dropped their price target on shares of Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Corning has an average rating of “Moderate Buy” and an average target price of $174.08.

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.