3,551 Shares in Corning Incorporated $GLW Acquired by Charter Research & Investment Group Inc.

Charter Research & Investment Group Inc. purchased a new position in Corning Incorporated (NYSE:GLW) during the third quarter, Holdings Channel reports. The fund purchased 3,551 shares of the electronics maker’s stock, valued at approximately $291,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC raised its holdings in Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after buying an additional 2,114 shares during the last quarter. Retirement Planning Co of New England Inc. purchased a new position in shares of Corning in the first quarter valued at about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Corning by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock valued at $2,962,000 after acquiring an additional 5,522 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Corning during the second quarter worth about $401,000. Finally, Schnieders Capital Management LLC. bought a new stake in shares of Corning in the second quarter worth about $266,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup upped their price target on Corning from $120.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday. HSBC restated a “buy” rating and set a $135.00 target price on shares of Corning in a report on Friday, February 13th. Oppenheimer set a $120.00 price target on shares of Corning in a report on Thursday, January 29th. Mizuho set a $145.00 price objective on shares of Corning in a research report on Monday. Finally, Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.42.

Corning Stock Performance

Shares of GLW stock opened at $150.29 on Friday. The company’s fifty day moving average price is $107.02 and its 200-day moving average price is $89.58. The stock has a market cap of $128.94 billion, a PE ratio of 81.68, a price-to-earnings-growth ratio of 2.77 and a beta of 1.13. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $162.10.

Corning (NYSE:GLW) last issued its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the business earned $0.57 EPS. Corning’s quarterly revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities analysts expect that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio (DPR) is presently 60.87%.

Insider Transactions at Corning

In related news, COO Avery H. Nelson III sold 1,583 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total value of $203,795.42. Following the sale, the chief operating officer owned 59,788 shares in the company, valued at $7,697,107.12. This represents a 2.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Lewis A. Steverson sold 15,366 shares of Corning stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the transaction, the executive vice president owned 3,461 shares of the company’s stock, valued at $450,691.42. The trade was a 81.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 95,687 shares of company stock worth $11,249,008. Company insiders own 0.40% of the company’s stock.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Citigroup raised its price target to $170 and put a Buy rating on GLW, signaling continued analyst confidence and providing upside vs. prior targets. Read More.
• Positive Sentiment: Multiple broker upgrades lifted the stock into fresh highs and drew buying interest — coverage notes that Corning’s end-market exposure (optical, data center glass) underpins long-term earnings upside. Read More.
• Positive Sentiment: Sell-side momentum translated into intraday strength earlier in the week (shares traded ~4% higher after an upgrade), fueling the recent rally. Read More.
• Positive Sentiment: Feature pieces argue Corning’s 200% rally is supported by structural demand (fiber buildouts, AI/data center glass) and improving fundamentals — these narratives help justify a richer multiple to some investors. Read More. Read More.
• Neutral Sentiment: Secondary reporting (Benzinga) reiterated the Citi price-target lift and Buy call, reinforcing the market narrative but not adding new fundamental data. Read More.
• Negative Sentiment: Despite bullish coverage, valuation is stretched (elevated P/E and recent run to near-record levels) which can trigger profit-taking and larger intraday swings; that appears to be the proximate cause of today’s pullback. Read More.

Corning Company 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.