Talos Eurisko Asset Management LP Decreases Stock Holdings in Corning Incorporated $GLW

Talos Eurisko Asset Management LP cut its holdings in Corning Incorporated (NYSE:GLW) by 54.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 167,449 shares of the electronics maker’s stock after selling 203,300 shares during the period. Corning accounts for about 2.6% of Talos Eurisko Asset Management LP’s portfolio, making the stock its 18th largest holding. Talos Eurisko Asset Management LP’s holdings in Corning were worth $14,662,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Corning in the third quarter valued at approximately $25,000. Berbice Capital Management LLC acquired a new position in Corning in the fourth quarter valued at approximately $26,000. Basepoint Wealth LLC acquired a new position in Corning in the fourth quarter valued at approximately $26,000. Litman Gregory Wealth Management LLC acquired a new position in Corning in the fourth quarter valued at approximately $31,000. Finally, Evolution Wealth Management Inc. lifted its holdings in Corning by 58.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 381 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 141 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Corning

In other news, VP John Z. Zhang sold 10,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the sale, the vice president owned 5,138 shares of the company’s stock, valued at approximately $1,019,070.92. This represents a 66.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Wendell P. Weeks sold 100,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total value of $18,646,000.00. Following the sale, the chief executive officer directly owned 908,353 shares in the company, valued at $169,371,500.38. This represents a 9.92% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 160,655 shares of company stock valued at $30,692,561. Insiders own 0.25% of the company’s stock.

Corning Stock Up 4.1%

Shares of NYSE GLW opened at $186.54 on Tuesday. The firm has a market cap of $160.54 billion, a price-to-earnings ratio of 89.25, a PEG ratio of 2.56 and a beta of 1.15. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 52-week low of $49.81 and a 52-week high of $211.79. The business’s 50 day moving average is $177.92 and its two-hundred day moving average is $134.76.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates 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 previous year, the company earned $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Research analysts predict that Corning Incorporated will post 3.19 EPS for the current year.

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend 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 is currently 53.59%.

Analyst Ratings Changes

A number of research firms recently commented on GLW. UBS Group upped their price objective on Corning from $223.00 to $228.00 and gave the company a “buy” rating in a report on Friday, June 5th. Truist Financial upped their price objective on Corning from $125.00 to $149.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Zacks Research cut Corning from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. upped their price objective on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Barclays upped their price objective on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. 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 MarketBeat, Corning has a consensus rating of “Moderate Buy” and a consensus target price of $178.31.

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.