Eurizon Capital SGR S.p.A. Purchases New Position in Corning Incorporated $GLW

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Corning Incorporated (NYSE:GLW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 274,505 shares of the electronics maker’s stock, valued at approximately $24,040,000.

A number of other hedge funds also recently bought and sold shares of the business. Fideuram Asset Management Ireland dac purchased a new position in Corning during the 4th quarter valued at about $156,000. National Pension Service increased its holdings in Corning by 50.0% during the 4th quarter. National Pension Service now owns 2,288,936 shares of the electronics maker’s stock valued at $200,419,000 after purchasing an additional 763,100 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in Corning during the 4th quarter valued at about $273,000. Basepoint Wealth LLC purchased a new position in Corning during the 4th quarter valued at about $26,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in Corning during the 4th quarter valued at about $409,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GLW. UBS Group boosted their price target on Corning from $179.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Corning in a report on Friday, May 15th. Susquehanna upped their target price on Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Morgan Stanley set a $180.00 target price on Corning in a report on Friday, May 8th. Finally, HSBC reiterated a “buy” rating and set a $135.00 target price on shares of Corning in a report on Friday, February 13th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $177.92.

Insiders Place Their Bets

In related news, SVP Jaymin Amin sold 27,395 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the transaction, the senior vice president directly owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. This represents a 22.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Soumya Seetharam sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $206.23, for a total value of $4,124,600.00. Following the completion of the transaction, the senior vice president directly owned 25,570 shares in the company, valued at $5,273,301.10. This trade represents a 43.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 60,655 shares of company stock valued at $12,046,561. Insiders own 0.25% of the company’s stock.

Corning Stock Performance

Corning stock opened at $181.37 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $156.09 billion, a P/E ratio of 86.78, a PEG ratio of 2.59 and a beta of 1.14. The stock’s 50 day moving average is $167.47 and its 200 day moving average is $126.60. Corning Incorporated has a twelve month low of $48.88 and a twelve month high of $211.79.

Corning (NYSE:GLW) last posted its quarterly earnings results 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. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities research analysts predict that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 annualized dividend and a yield of 0.6%. Corning’s dividend payout ratio is 53.59%.

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.