Directional Asset Management Makes New $572,000 Investment in Corning Incorporated $GLW

Directional Asset Management purchased a new stake in shares of Corning Incorporated (NYSE:GLW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,533 shares of the electronics maker’s stock, valued at approximately $572,000.

Other hedge funds have also bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Corning during the third quarter valued at about $25,000. Strengthening Families & Communities LLC bought a new stake in Corning during the third quarter valued at about $27,000. Cornerstone Planning Group LLC grew its holdings in Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 124 shares during the period. Financial Management Professionals Inc. grew its holdings in Corning by 111.1% during the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Finally, JPL Wealth Management LLC bought a new stake in Corning during the third quarter valued at about $33,000. Institutional investors own 69.80% of the company’s stock.

Corning Stock Performance

NYSE GLW opened at $169.53 on Friday. The firm has a market cap of $145.63 billion, a price-to-earnings ratio of 92.13, a price-to-earnings-growth ratio of 2.42 and a beta of 1.06. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $145.59 and a 200-day moving average price of $110.15. Corning Incorporated has a twelve month low of $42.00 and a twelve month high of $176.75.

Corning (NYSE:GLW) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, equities research analysts predict that Corning Incorporated will post 3.15 EPS for the current fiscal year.

Corning Dividend Announcement

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

Wall Street Analysts Forecast Growth

GLW has been the subject of several recent research reports. Barclays set a $100.00 price target on Corning in a report on Thursday, January 29th. HSBC reissued a “buy” rating and set a $135.00 price target on shares of Corning in a report on Friday, February 13th. Bank of America boosted their price target on Corning from $155.00 to $186.00 and gave the company a “buy” rating in a report on Monday. Citigroup boosted their price target on Corning from $120.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, Mizuho set a $145.00 price objective on Corning in a research note on Monday, February 23rd. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Corning presently has an average rating of “Moderate Buy” and a consensus price target of $140.08.

Insider Buying and Selling

In related news, VP John Z. Zhang sold 1,531 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $133.75, for a total value of $204,771.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Lewis A. Steverson sold 15,366 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total value of $2,000,960.52. Following the completion of the sale, the executive vice president owned 3,461 shares in the company, valued at $450,691.42. This represents a 81.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 233,201 shares of company stock valued at $32,614,558 in the last ninety days. Company insiders own 0.25% of the company’s stock.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Zacks and other analyst write-ups say Corning is poised to beat Q1 expectations, citing AI/cloud and data-center demand as growth drivers that should support optical and connectivity product lines. 4 Top-Ranked Technology Stocks Set to Beat Q1 Earnings Expectations
• Positive Sentiment: The Zacks Analyst Blog lists Corning among names expected to deliver Q1 earnings beats, reinforcing investor expectations for stronger performance tied to semiconductors, AI and cloud-related demand. The Zacks Analyst Blog Sandisk, Monolithic Power Systems, Garmin and Corning
• Positive Sentiment: Bank of America raised its price target on Corning to $186, signaling analyst confidence in upside to the shares based on expected near-term strength. Bank of America Raises Corning (NYSE:GLW) Price Target to $186.00
• Positive Sentiment: Yahoo/Zacks coverage highlights Corning as a dividend-growth candidate and as a beneficiary of prolonged telecom/5G investment and fiber densification, supporting steady cash flow and investor yield expectations. 5 Dividend Growth Stocks to Buy Amid Extended US Ceasefire With Iran
• Neutral Sentiment: Preview pieces (Zacks/Yahoo) provide deeper looks at Q1 estimates beyond headline revenue/EPS — useful for investors but not definitive; final impact depends on the company’s reported unit volumes, margins, and any guidance changes. Countdown to Corning (GLW) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS

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.