Frank Rimerman Advisors LLC Grows Stock Holdings in Corning Incorporated $GLW

Frank Rimerman Advisors LLC raised its holdings in shares of Corning Incorporated (NYSE:GLW) by 37.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,317 shares of the electronics maker’s stock after acquiring an additional 4,698 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Corning were worth $2,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GLW. Caldwell Trust Co raised its stake in shares of Corning by 0.5% during the 1st quarter. Caldwell Trust Co now owns 15,893 shares of the electronics maker’s stock valued at $2,161,000 after purchasing an additional 74 shares during the period. KRS Capital Management LLC boosted its stake in Corning by 2.2% in the 1st 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 period. Sheets Smith Wealth Management grew its holdings in Corning by 2.1% during the 1st 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 in the last quarter. Beese Fulmer Investment Management Inc. grew its holdings in Corning by 2.5% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker’s stock valued at $336,000 after buying an additional 92 shares in the last quarter. Finally, 3Chopt Investment Partners LLC increased its position in shares of Corning by 1.0% during the fourth quarter. 3Chopt Investment Partners LLC now owns 10,248 shares of the electronics maker’s stock valued at $897,000 after buying an additional 97 shares during the period. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GLW. Wall Street Zen downgraded shares of Corning from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Mizuho upped their target price on shares of Corning from $220.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. increased their target price 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. Citigroup boosted their price target on shares of Corning from $175.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a report on Friday, May 15th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Corning currently has an average rating of “Moderate Buy” and a consensus target price of $193.54.

Insiders Place Their Bets

In other Corning news, SVP Jaymin Amin sold 27,395 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the sale, the senior vice president owned 94,400 shares in the company, valued at $18,138,016. This trade represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Wendell P. Weeks sold 100,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total value of $18,646,000.00. Following the completion of the transaction, the chief executive officer owned 908,353 shares of the company’s stock, valued at $169,371,500.38. The trade was a 9.92% 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 quarter. Insiders own 0.25% of the company’s stock.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Analysts continue to view Corning as a beneficiary of AI infrastructure spending, citing strong demand for optical networking and AI connectivity products. Corning Stock’s AI-Driven Selloff Has Wall Street Seeing Opportunity
• Positive Sentiment: Bank of America reportedly raised its price target on GLW to $243, signaling continued analyst confidence despite recent weakness. Corning (NYSE:GLW) Price Target Raised to $243.00 at Bank of America
• Positive Sentiment: Corning’s growth outlook is being supported by AI connectivity demand and optical segment expansion, with one analyst note calling GLW a better long-term pick than Bandwidth. GLW vs. BAND: Which AI Connectivity Stock is the Better Buy Now?
• Positive Sentiment: Corning’s automotive glass and ceramic technologies could add another growth driver as automakers invest in lighter, safer, and more connected vehicles. Can GLW’s Next-Generation Automotive Solutions Drive Future Growth?
• Neutral Sentiment: Index changes are reshaping Corning’s market profile, with the company added to several growth and larger-cap benchmarks and removed from value and midcap indexes; that shift may be contributing to near-term volatility. Is Corning (GLW) Fully Valued As Index Changes Reshape Its Growth Story?
• Negative Sentiment: The recent drop appears tied to a broader rotation out of AI infrastructure names, with GLW extending a sharp multi-day slide even as Wall Street remains upbeat. Corning stock falls: why are analysts backing the stock?
• Negative Sentiment: Some reports frame Corning as potentially fully valued after its strong run, which could limit near-term upside if growth expectations cool. Is Corning (GLW) Fully Valued As Index Changes Reshape Its Growth Story?

Corning Trading Down 0.7%

Shares of GLW opened at $184.17 on Thursday. Corning Incorporated has a 1-year low of $51.32 and a 1-year high of $271.78. The company has a market capitalization of $158.50 billion, a P/E ratio of 88.12, a P/E/G ratio of 2.43 and a beta of 1.09. 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 firm’s 50 day simple moving average is $191.61 and its 200 day simple moving average is $148.94.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 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 net margin of 11.09% and a return on equity of 19.45%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts forecast that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, August 31st. Corning’s dividend payout ratio is currently 53.59%.

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.