Corning Incorporated $GLW Stake Increased by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in Corning Incorporated (NYSE:GLW) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,411,824 shares of the electronics maker’s stock after purchasing an additional 517,067 shares during the period. Geode Capital Management LLC’s holdings in Corning were worth $1,781,250,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GLW. Capital Research Global Investors purchased a new stake in shares of Corning in the third quarter valued at $907,164,000. WCM Investment Management LLC purchased a new stake in shares of Corning in the third quarter valued at $676,931,000. Wellington Management Group LLP lifted its holdings in shares of Corning by 30.3% in the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after purchasing an additional 3,848,540 shares in the last quarter. Polar Capital Holdings Plc lifted its holdings in shares of Corning by 141.2% in the third quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker’s stock valued at $329,035,000 after purchasing an additional 2,348,125 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Corning in the third quarter valued at $185,221,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Price Performance

NYSE GLW opened at $183.06 on Friday. Corning Incorporated has a fifty-two week low of $48.88 and a fifty-two week high of $211.79. The stock’s 50-day moving average is $166.43 and its two-hundred day moving average is $126.21. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The firm has a market cap of $157.55 billion, a P/E ratio of 87.59, a price-to-earnings-growth ratio of 2.73 and a beta of 1.14.

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

Corning Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, May 29th. Corning’s dividend payout ratio (DPR) is 53.59%.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning continues to benefit from investor enthusiasm around AI-driven optical connectivity and photonics, which has helped support the stock’s strong year-to-date rally.
• Positive Sentiment: Recent commentary highlighted upside tied to Corning’s solar and life sciences businesses, with analysts pointing to potential growth from U.S. tariff protection, domestic capacity expansion, and new product opportunities.
• Positive Sentiment: The company’s last earnings report beat expectations slightly, with revenue and EPS both topping estimates and management guiding Q2 EPS above prior levels.
• Neutral Sentiment: Wall Street sentiment remains constructive overall, with Corning carrying a “Moderate Buy” consensus and several recent price targets clustered around the current trading range.
• Neutral Sentiment: The upcoming ex-dividend date may be contributing to some short-term position adjustment, though the dividend yield is modest.
• Negative Sentiment: Sentiment was weighed down by a Zacks Research downgrade from “strong-buy” to “hold,” which can encourage traders to lock in gains after the rally.
• Negative Sentiment: Recent insider selling, including a notable sale by SVP and CTO Jaymin Amin, has added to near-term caution and may be reinforcing concerns about valuation after the stock’s sharp advance.

Analyst Ratings Changes

GLW has been the subject of a number of research analyst reports. Oppenheimer increased their target price on Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Morgan Stanley set a $180.00 price objective on Corning in a report on Friday, May 8th. HSBC reiterated a “buy” rating and set a $135.00 price objective on shares of Corning in a report on Friday, February 13th. Susquehanna increased their price objective on Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Finally, Barclays increased their price objective on Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Corning currently has an average rating of “Moderate Buy” and a consensus target price of $177.92.

Insider Buying and Selling

In other Corning news, SVP Jaymin Amin sold 27,395 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the transaction, the senior vice president directly owned 94,400 shares in the company, valued at $18,138,016. This trade represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John Z. Zhang sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $198.34, for a total value of $1,983,400.00. Following the transaction, the vice president owned 5,138 shares in the company, valued at approximately $1,019,070.92. This trade represents a 66.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 60,655 shares of company stock valued at $12,046,561 in the last three months. 0.25% of the stock is currently owned by corporate insiders.

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.