Corning Incorporated $GLW Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. lowered its position in shares of Corning Incorporated (NYSE:GLW) by 16.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 319,742 shares of the electronics maker’s stock after selling 63,789 shares during the period. Corning makes up about 5.8% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its largest position. John G Ullman & Associates Inc.’s holdings in Corning were worth $43,475,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Berbice Capital Management LLC purchased a new stake in Corning during the 4th quarter worth $26,000. Basepoint Wealth LLC purchased a new position in Corning in the fourth quarter valued at about $26,000. MBM Wealth Consultants LLC purchased a new position in shares of Corning during the 1st quarter valued at approximately $42,000. Kemnay Advisory Services Inc. bought a new position in Corning during the 4th quarter valued at $27,000. Finally, Litman Gregory Wealth Management LLC acquired a new position in Corning in the fourth quarter worth about $31,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Corning

In other Corning news, SVP Soumya Seetharam sold 20,000 shares of the stock in a transaction on 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 completion of the transaction, the senior vice president directly owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. This trade represents a 43.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction on 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 approximately $18,138,016. This trade represents a 22.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 160,655 shares of company stock valued at $30,692,560 over the last three months. 0.25% of the stock is owned by company insiders.

Corning Stock Performance

Shares of GLW stock opened at $154.47 on Friday. Corning Incorporated has a 12-month low of $53.29 and a 12-month high of $271.78. The firm has a market capitalization of $132.94 billion, a price-to-earnings ratio of 73.91, a price-to-earnings-growth ratio of 2.08 and a beta of 1.09. The business has a 50 day simple moving average of $192.81 and a 200 day simple moving average of $152.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $4.34 billion for 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 company’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. On average, equities research analysts anticipate that Corning Incorporated will post 3.18 EPS for the current year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, August 31st. Corning’s dividend payout ratio is 53.59%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GLW shares. Susquehanna raised their price objective on Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Mizuho boosted their target price on shares of Corning from $220.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Morgan Stanley set a $180.00 target price on shares of Corning in a report on Friday, May 8th. Oppenheimer lifted their price target on shares of Corning from $210.00 to $230.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Finally, Barclays boosted their price objective on shares of Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $194.69.

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.