Hosking Partners LLP Has $39.45 Million Stock Position in Corning Incorporated $GLW

Hosking Partners LLP increased its position in shares of Corning Incorporated (NYSE:GLW) by 1.2% in the fourth quarter, HoldingsChannel reports. The firm owned 450,536 shares of the electronics maker’s stock after purchasing an additional 5,296 shares during the period. Corning makes up approximately 1.3% of Hosking Partners LLP’s investment portfolio, making the stock its 23rd biggest holding. Hosking Partners LLP’s holdings in Corning were worth $39,449,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GLW. Brighton Jones LLC increased its position in shares of Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in shares of Corning during the 1st quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Corning by 9.3% in the 1st 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 in the last quarter. Sivia Capital Partners LLC acquired a new stake in Corning in the 2nd quarter valued at about $401,000. Finally, Schnieders Capital Management LLC. acquired a new stake in Corning in the 2nd quarter valued at about $266,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Buying and Selling at Corning

In other news, EVP Lewis A. Steverson sold 15,366 shares of Corning stock in a transaction that occurred 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 sale, the executive vice president directly owned 3,461 shares in the company, valued at $450,691.42. This trade represents a 81.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John Z. Zhang sold 1,531 shares of Corning stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total transaction of $204,771.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 155,994 shares of company stock valued at $23,775,077 over the last ninety days. 0.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GLW shares. Mizuho set a $145.00 price objective on shares of Corning in a research report on Monday, February 23rd. Wolfe Research set a $130.00 price objective on shares of Corning and gave the company an “outperform” rating in a research report on Tuesday, January 27th. Oppenheimer raised their price objective on shares of Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday. Morgan Stanley set a $180.00 price objective on shares of Corning in a research report on Friday. Finally, Bank of America raised their price objective on shares of Corning from $155.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $172.15.

Key Corning News

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.

Corning Stock Down 0.3%

Corning stock opened at $186.47 on Monday. The company’s 50 day simple moving average is $150.46 and its 200 day simple moving average is $115.11. Corning Incorporated has a fifty-two week low of $44.83 and a fifty-two week high of $198.25. The firm has a market capitalization of $160.48 billion, a price-to-earnings ratio of 89.22, a PEG ratio of 2.68 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06.

Corning (NYSE:GLW) last released 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. 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 analyst estimates of $4.30 billion. During the same quarter last year, the firm earned $0.54 EPS. Corning’s quarterly 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. As a group, sell-side analysts anticipate that Corning Incorporated will post 3.19 EPS for the current year.

Corning Dividend Announcement

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