Lincoln Capital LLC Purchases New Position in Corning Incorporated $GLW

Lincoln Capital LLC purchased a new stake in Corning Incorporated (NYSE:GLW) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 10,420 shares of the electronics maker’s stock, valued at approximately $912,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after acquiring an additional 2,114 shares during the last quarter. Retirement Planning Co of New England Inc. bought a new position in Corning in the 1st quarter valued at $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Corning by 9.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Corning during the second quarter worth $401,000. Finally, Schnieders Capital Management LLC. bought a new stake in shares of Corning during the second quarter worth $266,000. 69.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GLW shares. Mizuho set a $145.00 price target on Corning in a report on Monday, February 23rd. Bank of America increased their price objective on shares of Corning from $120.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Wolfe Research set a $130.00 target price on shares of Corning and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Oppenheimer set a $120.00 target price on shares of Corning in a research report on Thursday, January 29th. Finally, Fox Advisors cut shares of Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.75.

Insider Activity

In related news, SVP Li Fang sold 9,797 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total value of $1,112,057.47. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Eric S. Musser sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the transaction, the insider owned 19,926 shares of the company’s stock, valued at approximately $2,191,860. This represents a 55.65% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 233,201 shares of company stock valued at $32,614,558. Insiders own 0.40% of the company’s stock.

Corning Price Performance

GLW opened at $124.72 on Friday. The company has a fifty day moving average price of $122.00 and a two-hundred day moving average price of $97.46. The firm has a market capitalization of $107.00 billion, a PE ratio of 67.78, a P/E/G ratio of 1.97 and a beta of 1.05. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $162.10. 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 posted its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the business posted $0.57 EPS. The firm’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. As a group, analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 annualized dividend and a yield of 0.9%. Corning’s dividend payout ratio is presently 60.87%.

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.