2,870 Shares in Corning Incorporated $GLW Acquired by Isthmus Partners LLC

Isthmus Partners LLC purchased a new position in 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 2,870 shares of the electronics maker’s stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Phoenix Financial Ltd. lifted its position in shares of Corning by 18.0% in the 4th quarter. Phoenix Financial Ltd. now owns 6,045 shares of the electronics maker’s stock worth $529,000 after purchasing an additional 923 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Corning by 18.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 87,391 shares of the electronics maker’s stock worth $7,670,000 after purchasing an additional 13,552 shares during the period. Cornerstone Wealth Management LLC lifted its position in shares of Corning by 13.2% in the 4th quarter. Cornerstone Wealth Management LLC now owns 5,941 shares of the electronics maker’s stock worth $520,000 after purchasing an additional 694 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Corning by 2.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,412,594 shares of the electronics maker’s stock worth $124,030,000 after purchasing an additional 32,709 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Corning by 30,420.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,526 shares of the electronics maker’s stock worth $134,000 after purchasing an additional 1,521 shares during the period. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Activity at Corning

In related news, VP John Z. Zhang sold 10,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the completion of the transaction, the vice president owned 5,138 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michaune D. Tillman sold 3,260 shares of the firm’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 sale, the senior vice president owned 10,174 shares of the company’s stock, valued at approximately $2,106,221.48. The trade was a 24.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 170,774 shares of company stock worth $28,148,435 in the last ninety days. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GLW. Zacks Research upgraded shares of Corning from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a research note on Sunday. HSBC reissued a “buy” rating and issued a $135.00 price target on shares of Corning in a research note on Friday, February 13th. JPMorgan Chase & Co. boosted their target price on shares of Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $177.92.

Corning Stock Performance

Shares of GLW stock opened at $192.18 on Friday. The firm has a market capitalization of $165.40 billion, a PE ratio of 91.95, a price-to-earnings-growth ratio of 2.74 and a beta of 1.14. The firm has a fifty day simple moving average of $156.22 and a two-hundred day simple moving average of $119.68. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 12 month low of $47.40 and a 12 month high of $211.79.

Corning (NYSE:GLW) last announced its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the business posted $0.54 EPS. Corning’s quarterly revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Analysts forecast that Corning Incorporated will post 3.19 EPS for the current fiscal year.

Corning Announces Dividend

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