ING Groep NV Has $16.99 Million Holdings in Corning Incorporated $GLW

ING Groep NV grew its stake in Corning Incorporated (NYSE:GLW) by 39.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 194,029 shares of the electronics maker’s stock after buying an additional 55,055 shares during the quarter. ING Groep NV’s holdings in Corning were worth $16,989,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vermillion Wealth Management Inc. lifted its position in shares of Corning by 32.8% in the fourth quarter. Vermillion Wealth Management Inc. now owns 405 shares of the electronics maker’s stock worth $36,000 after buying an additional 100 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Corning by 52.7% in the fourth quarter. Capital Research Global Investors now owns 16,890,802 shares of the electronics maker’s stock worth $1,478,959,000 after buying an additional 5,831,873 shares during the last quarter. Capital International Sarl acquired a new stake in shares of Corning in the fourth quarter worth about $391,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Corning in the fourth quarter worth about $161,000. Finally, XML Financial LLC acquired a new stake in shares of Corning in the fourth quarter worth about $205,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Transactions at Corning

In related news, SVP Soumya Seetharam sold 20,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the transaction, the senior vice president directly owned 25,570 shares in the company, valued at $5,273,301.10. The trade was a 43.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jaymin Amin sold 27,395 shares of the business’s stock in a transaction dated 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 owned 94,400 shares in the company, valued at $18,138,016. This represents a 22.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 60,655 shares of company stock valued at $12,046,561. 0.25% of the stock is currently owned by insiders.

Corning Price Performance

NYSE GLW opened at $177.52 on Monday. Corning Incorporated has a twelve month low of $49.47 and a twelve month high of $211.79. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. The stock has a market capitalization of $152.78 billion, a PE ratio of 84.94, a P/E/G ratio of 2.54 and a beta of 1.15. The stock has a 50-day simple moving average of $173.00 and a 200 day simple moving average of $130.61.

Corning (NYSE:GLW) last posted its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping 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 business had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. The firm’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. Research analysts anticipate that Corning Incorporated will post 3.19 EPS for the current year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be paid 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 payout ratio is currently 53.59%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Susquehanna boosted their price target on Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. HSBC reaffirmed a “buy” rating and issued a $135.00 price target on shares of Corning in a research report on Friday, February 13th. Wall Street Zen cut Corning from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research cut Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, UBS Group boosted their price objective on Corning from $223.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $178.31.

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.