Crossmark Global Holdings Inc. Has $3.56 Million Stock Position in Corning Incorporated $GLW

Crossmark Global Holdings Inc. increased its holdings in shares of Corning Incorporated (NYSE:GLW) by 13.6% in the fourth quarter, HoldingsChannel reports. The firm owned 40,661 shares of the electronics maker’s stock after buying an additional 4,872 shares during the period. Crossmark Global Holdings Inc.’s holdings in Corning were worth $3,560,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Corning in the third quarter valued at approximately $25,000. Strengthening Families & Communities LLC acquired a new position in shares of Corning during the 3rd quarter worth approximately $27,000. Cornerstone Planning Group LLC raised its stake in Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 124 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Corning during the 4th quarter valued at $35,000. Finally, JPL Wealth Management LLC acquired a new stake in Corning during the 3rd quarter valued at $33,000. Institutional investors own 69.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on GLW. Morgan Stanley set a $180.00 price objective on shares of Corning in a report on Friday. Wall Street Zen downgraded shares of Corning from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research upgraded shares of Corning from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Bank of America increased their price target on shares of Corning from $155.00 to $186.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Wolfe Research set a $130.00 price objective on Corning and gave the stock an “outperform” rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $172.15.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Nvidia is funding Corning’s plant construction and taking an equity stake, signaling a long-term strategic partnership that could materially grow Corning’s AI-related manufacturing business. Nvidia funds construction of Corning plants, in addition to equity investment
• Positive Sentiment: Analysts have been raising price targets and keeping generally constructive ratings, with Citi, Oppenheimer, and others citing stronger growth prospects after Corning’s recent results and the Nvidia deal. Analysts Have Conflicting Sentiments on These Technology Companies: Coherent Corp (COHR), Corning (GLW) and Fortinet (FTNT)
• Neutral Sentiment: Corning is also drawing attention from media and commentators, including a Closing Bell appearance and bullish commentary from Jim Cramer, which may support sentiment but does not change fundamentals by itself. Corning Incorporated to ring the NYSE Closing Bell® on Thursday
• Neutral Sentiment: Some articles warn the stock may be getting extended after a huge one-year run, suggesting valuation risk could limit upside if AI enthusiasm cools. Is Corning (GLW) Getting Ahead Of Itself After A 311% One Year Surge?
• Negative Sentiment: JPMorgan’s relatively cautious view and neutral rating suggest some analysts still see limited near-term upside after the rally, even with the higher target. Corning price target raised by JPMorgan Chase & Co.

Insider Buying and Selling at Corning

In related news, COO Avery H. Nelson III sold 1,583 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total transaction of $203,795.42. Following the sale, the chief operating officer owned 59,788 shares of the company’s stock, valued at $7,697,107.12. This represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Wendell P. Weeks sold 137,514 shares of the firm’s 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 transaction, the chief executive officer owned 750,585 shares in the company, valued at approximately $116,618,391.45. This trade represents a 15.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 155,994 shares of company stock valued at $23,775,077 over the last ninety days. Company insiders own 0.25% of the company’s stock.

Corning Stock Down 0.3%

GLW opened at $186.47 on Monday. The stock has a fifty day moving average of $150.46 and a 200-day moving average of $115.11. The company has a market capitalization of $160.48 billion, a P/E ratio of 89.22, a P/E/G ratio of 2.68 and a beta of 1.14. Corning Incorporated has a fifty-two week low of $44.83 and a fifty-two week high of $198.25. 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 results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the company posted $0.54 earnings per share. Corning’s revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities analysts expect that Corning Incorporated will post 3.19 EPS for the current year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 annualized dividend and a dividend yield of 0.6%. Corning’s dividend payout ratio (DPR) is currently 53.59%.

Corning 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.