Tactive Advisors LLC Acquires New Shares in Corning Incorporated $GLW

Tactive Advisors LLC bought a new stake in shares of Corning Incorporated (NYSE:GLW) during the 1st quarter, HoldingsChannel reports. The firm bought 2,673 shares of the electronics maker’s stock, valued at approximately $363,000.

A number of other institutional investors and hedge funds have also modified their holdings of GLW. KRS Capital Management LLC raised its stake in shares of Corning by 2.2% in the first quarter. KRS Capital Management LLC now owns 4,058 shares of the electronics maker’s stock worth $552,000 after purchasing an additional 88 shares during the last quarter. Sheets Smith Wealth Management boosted its position in shares of Corning by 2.1% during the first quarter. Sheets Smith Wealth Management now owns 4,450 shares of the electronics maker’s stock valued at $605,000 after buying an additional 90 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its holdings in Corning by 2.5% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker’s stock worth $336,000 after buying an additional 92 shares in the last quarter. 3Chopt Investment Partners LLC increased its holdings in Corning by 1.0% in the 4th quarter. 3Chopt Investment Partners LLC now owns 10,248 shares of the electronics maker’s stock worth $897,000 after buying an additional 97 shares in the last quarter. Finally, Patten & Patten Inc. TN raised its position in Corning by 0.6% in the 4th quarter. Patten & Patten Inc. TN now owns 17,796 shares of the electronics maker’s stock worth $1,558,000 after buying an additional 100 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

Corning Trading Up 7.5%

Corning stock opened at $209.61 on Tuesday. The business has a 50-day simple moving average of $181.42 and a two-hundred day simple moving average of $138.52. The company has a market cap of $180.40 billion, a P/E ratio of 100.29, a P/E/G ratio of 2.79 and a beta of 1.15. Corning Incorporated has a 52-week low of $50.26 and a 52-week high of $212.39. 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 (NYSE:GLW) last released its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Analysts predict that Corning Incorporated will post 3.19 EPS for the current year.

Corning Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s dividend payout ratio is currently 53.59%.

Analyst Ratings Changes

Several equities analysts have issued reports on GLW shares. Wall Street Zen cut shares of Corning from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. JPMorgan Chase & Co. lifted their price target on shares of Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a report on Friday, May 15th. Bank of America increased their price objective on shares of Corning from $155.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, UBS Group raised their target price on shares of Corning from $223.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Corning presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.62.

Insiders Place Their Bets

In other Corning news, SVP Jaymin Amin sold 27,395 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total value of $5,263,675.30. Following the transaction, the senior vice president directly owned 94,400 shares in the company, valued at approximately $18,138,016. This trade represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michaune D. Tillman sold 3,260 shares of Corning stock in a transaction 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 transaction, the senior vice president owned 10,174 shares in the company, valued at $2,106,221.48. This represents a 24.27% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 160,655 shares of company stock valued at $30,692,560. 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.