4,357 Shares in Corning Incorporated $GLW Purchased by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC acquired a new position in Corning Incorporated (NYSE:GLW) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 4,357 shares of the electronics maker’s stock, valued at approximately $592,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GLW. Caldwell Trust Co increased its holdings in shares of Corning by 0.5% during the first quarter. Caldwell Trust Co now owns 15,893 shares of the electronics maker’s stock worth $2,161,000 after purchasing an additional 74 shares during the period. KRS Capital Management LLC boosted its stake in shares of Corning by 2.2% in the first quarter. KRS Capital Management LLC now owns 4,058 shares of the electronics maker’s stock valued at $552,000 after buying an additional 88 shares during the period. Sheets Smith Wealth Management boosted its stake in shares of Corning by 2.1% in the first quarter. Sheets Smith Wealth Management now owns 4,450 shares of the electronics maker’s stock valued at $605,000 after buying an additional 90 shares during the period. Beese Fulmer Investment Management Inc. grew its position in Corning by 2.5% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker’s stock worth $336,000 after buying an additional 92 shares in the last quarter. Finally, 3Chopt Investment Partners LLC grew its position in Corning by 1.0% during the fourth quarter. 3Chopt Investment Partners LLC now owns 10,248 shares of the electronics maker’s stock worth $897,000 after buying an additional 97 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Bank of America raised its price target on Corning to $243 from $223 and reiterated a Buy rating, signaling confidence in upside from current levels. Benzinga report on Bank of America target hike
• Positive Sentiment: Multiple analysts remain bullish, arguing that demand in Corning’s optical networking business is still strong despite the broader AI-related selloff. Barron’s article on AI selloff opportunity
• Positive Sentiment: Analysts also point to Corning’s next-generation automotive glass and ceramic technologies as a longer-term growth driver tied to electric, connected, and autonomous vehicles. Yahoo Finance article on automotive solutions
• Positive Sentiment: Several recent notes describe Corning as a buy-the-dip candidate after its sharp decline from recent highs, suggesting some investors see value in the selloff. MSN article on buying the dip
• Neutral Sentiment: Coverage around Corning’s Q2 preview suggests the company’s optical business could support revenue and EPS near or above guidance, but this is largely an earnings expectation rather than a new catalyst. Yahoo Finance article on Q2 preview
• Negative Sentiment: The stock has been under pressure for several sessions, with reports describing a steep multi-day pullback as investors rotate out of AI-related trades. Invezz article on Corning stock falling

Analysts Set New Price Targets

Several brokerages have weighed in on GLW. Susquehanna lifted their price objective on Corning from $125.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Citigroup increased their target price on Corning from $175.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Morgan Stanley set a $180.00 price target on Corning in a research report on Friday, May 8th. Oppenheimer boosted their price target on Corning from $210.00 to $230.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Mizuho upped their price objective on shares of Corning from $220.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.54.

Insider Activity

In related news, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the sale, the senior vice president directly owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. The trade was a 22.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michaune D. Tillman sold 3,260 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $207.02, for a total transaction of $674,885.20. Following the transaction, the senior vice president owned 10,174 shares of the company’s stock, valued at approximately $2,106,221.48. This represents a 24.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 160,655 shares of company stock valued at $30,692,560. Corporate insiders own 0.25% of the company’s stock.

Corning Trading Down 5.0%

Shares of GLW stock opened at $185.16 on Wednesday. The stock’s fifty day moving average price is $191.28 and its two-hundred day moving average price is $148.25. The company has a market cap of $159.35 billion, a PE ratio of 88.59, a P/E/G ratio of 2.79 and a beta of 1.09. Corning Incorporated has a fifty-two week low of $51.32 and a fifty-two week high of $271.78. 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 posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. Corning’s revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Equities analysts predict that Corning Incorporated will post 3.19 EPS for the current fiscal year.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 annualized dividend and a yield of 0.6%. Corning’s payout ratio is presently 53.59%.

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.