Corning Incorporated $GLW Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its stake in Corning Incorporated (NYSE:GLW) by 14.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 76,384 shares of the electronics maker’s stock after selling 12,565 shares during the quarter. D.A. Davidson & CO.’s holdings in Corning were worth $10,386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GLW. Norges Bank purchased a new stake in shares of Corning in the fourth quarter valued at $921,435,000. Capital Research Global Investors raised its stake in shares of Corning by 52.7% in the 4th quarter. Capital Research Global Investors now owns 16,890,802 shares of the electronics maker’s stock valued at $1,478,959,000 after buying an additional 5,831,873 shares in the last quarter. Polar Capital Holdings Plc boosted its stake in shares of Corning by 141.2% in the 3rd quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker’s stock valued at $329,035,000 after purchasing an additional 2,348,125 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Corning by 102.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,562,644 shares of the electronics maker’s stock valued at $399,505,000 after buying an additional 2,304,676 shares in the last quarter. Finally, Evergreen Quality Fund GP Ltd. acquired a new position in shares of Corning during the fourth quarter valued at $185,312,000. Institutional investors own 69.80% of the company’s stock.

Corning Stock Down 2.5%

GLW stock opened at $154.47 on Friday. The stock has a fifty day moving average of $192.81 and a 200-day moving average of $152.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. Corning Incorporated has a fifty-two week low of $53.29 and a fifty-two week high of $271.78. The company has a market capitalization of $132.94 billion, a price-to-earnings ratio of 73.91, a PEG ratio of 2.08 and a beta of 1.09.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping the consensus estimate 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%.The firm’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, equities research analysts predict that Corning Incorporated will post 3.18 earnings per share for the current year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, August 31st. Corning’s dividend payout ratio (DPR) is presently 53.59%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GLW shares. Morgan Stanley set a $180.00 price objective on Corning in a research report on Friday, May 8th. Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Bank of America lifted their price target on shares of Corning from $223.00 to $243.00 and gave the company a “buy” rating in a research report on Monday, July 6th. UBS Group set a $243.00 target price on Corning in a report on Monday, July 6th. Finally, Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a report on Saturday. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $194.69.

Insider Activity at Corning

In related news, CEO Wendell P. Weeks sold 100,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 908,353 shares of the company’s stock, valued at approximately $169,371,500.38. This represents a 9.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John Z. Zhang sold 10,000 shares of Corning stock in a transaction on Monday, May 11th. The stock was sold at an average price of $198.34, for a total value of $1,983,400.00. Following the completion of the sale, the vice president directly owned 5,138 shares of the company’s stock, valued at $1,019,070.92. The trade was a 66.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 160,655 shares of company stock worth $30,692,560 in the last ninety days. 0.25% of the stock is currently owned by company insiders.

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.