Thompson Investment Management Inc. Cuts Stock Holdings in Corning Incorporated $GLW

Thompson Investment Management Inc. decreased its position in Corning Incorporated (NYSE:GLW) by 23.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,280 shares of the electronics maker’s stock after selling 17,284 shares during the quarter. Thompson Investment Management Inc.’s holdings in Corning were worth $4,840,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Corning in the 3rd quarter worth about $25,000. Strengthening Families & Communities LLC purchased a new stake in Corning in the 3rd quarter valued at about $27,000. Total Investment Management Inc. bought a new position in shares of Corning during the 2nd quarter worth approximately $28,000. Cornerstone Planning Group LLC lifted its position in shares of Corning by 58.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after buying an additional 124 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its stake in shares of Corning by 111.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after buying an additional 200 shares during the last quarter. 69.80% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Li Fang sold 9,797 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Wendell P. Weeks sold 137,514 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the sale, the chief executive officer directly owned 750,585 shares in the company, valued at approximately $116,618,391.45. This trade represents a 15.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 233,201 shares of company stock worth $32,614,558. 0.40% of the stock is owned by company insiders.

Corning Trading Up 0.1%

Shares of GLW stock opened at $136.94 on Monday. 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 firm has a market cap of $117.64 billion, a P/E ratio of 74.43, a PEG ratio of 2.16 and a beta of 1.05. The company has a 50 day moving average of $126.73 and a 200-day moving average of $99.99. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $162.10.

Corning (NYSE:GLW) last posted its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business 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 earned $0.57 earnings per share. Corning’s revenue for the quarter was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Sell-side analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio is currently 60.87%.

Analyst Ratings Changes

Several research firms have recently issued reports on GLW. Susquehanna upped their target price on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Wolfe Research set a $130.00 price objective on Corning and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. JPMorgan Chase & Co. upped their price objective on Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Citigroup raised their target price on Corning from $120.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Finally, Fox Advisors cut 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 given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $132.67.

Corning Company Profile

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.