Lansforsakringar Fondforvaltning AB publ Has $36.77 Million Stock Holdings in Corning Incorporated $GLW

Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of Corning Incorporated (NYSE:GLW) by 2.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 270,460 shares of the electronics maker’s stock after purchasing an additional 6,219 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Corning were worth $36,774,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Corning in the third quarter valued at about $25,000. Berbice Capital Management LLC acquired a new position in shares of Corning during the 4th quarter worth about $26,000. Basepoint Wealth LLC acquired a new position in shares of Corning during the 4th quarter worth about $26,000. Kemnay Advisory Services Inc. bought a new stake in shares of Corning in the 4th quarter valued at about $27,000. Finally, Litman Gregory Wealth Management LLC bought a new stake in shares of Corning in the 4th quarter valued at about $31,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning Trading Up 15.7%

NYSE:GLW opened at $255.79 on Tuesday. 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 business’s 50-day simple moving average is $186.49 and its 200-day simple moving average is $143.26. Corning Incorporated has a fifty-two week low of $51.32 and a fifty-two week high of $258.80. The stock has a market capitalization of $220.14 billion, a PE ratio of 122.39, a price-to-earnings-growth ratio of 3.16 and a beta of 1.15.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.Corning’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts expect that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 annualized dividend and a dividend yield of 0.4%. Corning’s dividend payout ratio is currently 53.59%.

Analysts Set New Price Targets

Several research firms recently weighed in on GLW. JPMorgan Chase & Co. lifted their price objective 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. Barclays upped their target price on shares of Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Corning in a report on Friday, May 15th. Oppenheimer lifted their price target on shares of Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, UBS Group boosted their price target on shares of Corning from $223.00 to $228.00 and gave the company a “buy” rating in a report on Friday, June 5th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.62.

Insider Activity at Corning

In related news, VP John Z. Zhang sold 10,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the sale, the vice president directly owned 5,138 shares in the company, valued at $1,019,070.92. This trade represents a 66.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jaymin Amin sold 27,395 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the completion of the sale, the senior vice president directly owned 94,400 shares in the company, valued at $18,138,016. This represents a 22.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 160,655 shares of company stock valued at $30,692,560 over the last three months. Insiders own 0.25% of the company’s stock.

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.