KLP Kapitalforvaltning AS Acquires 8,900 Shares of Corning Incorporated $GLW

KLP Kapitalforvaltning AS grew its holdings in shares of Corning Incorporated (NYSE:GLW) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,360 shares of the electronics maker’s stock after buying an additional 8,900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Corning were worth $35,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLW. Vanguard Group Inc. increased its stake in shares of Corning by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 98,702,639 shares of the electronics maker’s stock worth $8,096,577,000 after purchasing an additional 750,530 shares during the last quarter. State Street Corp increased its stake in shares of Corning by 1.2% during the 3rd quarter. State Street Corp now owns 37,008,856 shares of the electronics maker’s stock worth $3,035,836,000 after purchasing an additional 439,883 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Corning by 30.3% during the 3rd quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock worth $1,358,211,000 after purchasing an additional 3,848,540 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Corning by 8.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock worth $724,432,000 after purchasing an additional 1,036,988 shares during the last quarter. Finally, Capital Research Global Investors acquired a new position in shares of Corning during the 3rd quarter worth about $907,164,000. 69.80% of the stock is owned by institutional investors.

Corning Stock Up 1.9%

Shares of GLW opened at $168.56 on Thursday. Corning Incorporated has a 52 week low of $42.00 and a 52 week high of $176.75. The firm has a market cap of $144.80 billion, a P/E ratio of 91.61, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The firm’s 50-day simple moving average is $144.83 and its 200 day simple moving average is $109.74. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59.

Corning (NYSE:GLW) last announced its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the business earned $0.57 EPS. Corning’s quarterly revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, analysts forecast that Corning Incorporated will post 3.15 earnings per share for the current year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, February 27th were paid a $0.28 dividend. The ex-dividend date was Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. Corning’s dividend payout ratio is 60.87%.

Wall Street Analysts Forecast Growth

GLW has been the topic of several recent analyst reports. Oppenheimer set a $120.00 price objective on shares of Corning in a research note on Thursday, January 29th. Citigroup boosted their price objective on shares of Corning from $120.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Fox Advisors lowered shares of Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. UBS Group upped their price target on shares of Corning from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, Bank of America upped their price target on shares of Corning from $155.00 to $186.00 and gave the company a “buy” rating in a research note on Monday. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $140.08.

Insiders Place Their Bets

In other Corning news, SVP Li Fang sold 9,797 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total value of $1,112,057.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Wendell P. Weeks sold 137,514 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the sale, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at $116,618,391.45. This represents a 15.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 233,201 shares of company stock worth $32,614,558 in the last 90 days. Corporate insiders own 0.25% of the company’s stock.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Bank of America raised its price target on GLW to $186, signaling stronger analyst conviction and supporting near‑term upside. Read More.
• Positive Sentiment: Zacks and Yahoo highlight GLW as a winner from increased fiber densification, cloud buildouts and accelerated 5G rollouts — demand drivers that boost Corning’s communications components franchise. Read More.
• Positive Sentiment: Analysts (Zacks) rank GLW among technology names likely to beat Q1 earnings, reinforcing expectations for an upcoming beat and supporting momentum. Read More.
• Positive Sentiment: Additional Zacks coverage notes Wall Street expects earnings growth for the next report and positions GLW as a long‑term growth stock, which can attract growth‑oriented flows. Read More.
• Positive Sentiment: Market commentary points to sustained institutional buying and long‑term inflows into GLW, supporting price strength amid the broader AI/optics trade. Read More.
• Positive Sentiment: Corning showcased advanced optics for semiconductor manufacturing at an industry symposium, which helps reframe its role in semiconductor supply chains and could expand addressable markets over time. Read More.
• Neutral Sentiment: Technical/market commentary notes a short pause after a strong rally — a measured pullback near prior support — suggesting consolidation rather than a reversal; watch volume and next support levels. Read More.

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.