Dimensional Fund Advisors LP Cuts Stock Holdings in Corning Incorporated $GLW

Dimensional Fund Advisors LP decreased its position in Corning Incorporated (NYSE:GLW) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,634,132 shares of the electronics maker’s stock after selling 1,185,967 shares during the period. Dimensional Fund Advisors LP’s holdings in Corning were worth $626,054,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Great Lakes Retirement Inc. increased its position in shares of Corning by 3.1% during the 3rd quarter. Great Lakes Retirement Inc. now owns 36,414 shares of the electronics maker’s stock valued at $2,987,000 after purchasing an additional 1,099 shares during the last quarter. Varenne Capital Partners purchased a new stake in Corning during the third quarter worth about $25,969,000. Cresset Asset Management LLC raised its position in Corning by 0.7% in the third quarter. Cresset Asset Management LLC now owns 295,154 shares of the electronics maker’s stock worth $24,211,000 after acquiring an additional 2,006 shares during the period. Fox Hill Wealth Management bought a new stake in shares of Corning in the 3rd quarter worth approximately $549,000. Finally, Claro Advisors LLC increased its position in Corning by 9.4% in the third quarter. Claro Advisors LLC now owns 7,252 shares of the electronics maker’s stock worth $595,000 after buying an additional 623 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Trading Down 6.6%

GLW opened at $147.40 on Wednesday. The business has a 50 day simple moving average of $110.82 and a two-hundred day simple moving average of $91.74. Corning Incorporated has a one year low of $37.31 and a one year high of $162.10. The firm has a market capitalization of $126.46 billion, a price-to-earnings ratio of 80.11, a PEG ratio of 2.73 and a beta of 1.05. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04.

Corning (NYSE:GLW) last posted its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Analysts predict that Corning Incorporated will post 2.33 EPS for the current 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 given a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. Corning’s dividend payout ratio is currently 60.87%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GLW. UBS Group lifted their price objective on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Oppenheimer set a $120.00 target price on shares of Corning in a report on Thursday, January 29th. Susquehanna increased their price target on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Morgan Stanley lifted their price objective on Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and an average price target of $125.42.

Insider Buying and Selling at Corning

In related news, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the sale, the chief financial officer directly owned 54,780 shares of the company’s stock, valued at approximately $5,727,249. This represents a 27.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Wendell P. Weeks sold 137,514 shares of Corning stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total value of $21,365,550.18. Following the completion of the sale, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at approximately $116,618,391.45. The trade was a 15.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 233,201 shares of company stock valued at $32,614,558. 0.32% of the stock is currently owned by company insiders.

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.