Dimensional Fund Advisors LP Has $576.91 Million Stock Holdings in Corning Incorporated $GLW

Dimensional Fund Advisors LP trimmed its position in Corning Incorporated (NYSE:GLW) by 30.5% during the first quarter, Holdings Channel reports. The institutional investor owned 4,244,624 shares of the electronics maker’s stock after selling 1,865,601 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Corning were worth $576,911,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Balefire LLC boosted its holdings in Corning by 0.7% in the first quarter. Balefire LLC now owns 9,595 shares of the electronics maker’s stock valued at $1,305,000 after acquiring an additional 65 shares during the last quarter. Parallel Advisors LLC lifted its position in Corning by 6.5% during the 1st quarter. Parallel Advisors LLC now owns 22,209 shares of the electronics maker’s stock valued at $3,020,000 after purchasing an additional 1,354 shares during the period. KBC Group NV grew its position in shares of Corning by 5.4% during the 1st quarter. KBC Group NV now owns 1,420,527 shares of the electronics maker’s stock worth $193,148,000 after buying an additional 72,363 shares during the period. Trivest Advisors Ltd acquired a new stake in shares of Corning during the 1st quarter worth approximately $23,006,000. Finally, Next Capital Management LLC bought a new stake in shares of Corning during the 1st quarter valued at $272,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Corning

In related news, SVP Michaune D. Tillman sold 3,260 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $207.02, for a total value of $674,885.20. Following the transaction, the senior vice president owned 10,174 shares in the company, valued at $2,106,221.48. The trade was a 24.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $186.46, for a total value of $18,646,000.00. Following the sale, the chief executive officer owned 908,353 shares in the company, valued at approximately $169,371,500.38. The trade was a 9.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 160,655 shares of company stock valued at $30,692,560 over the last ninety days. Insiders own 0.25% of the company’s stock.

Corning Stock Performance

NYSE GLW opened at $152.97 on Tuesday. The stock has a market cap of $131.65 billion, a PE ratio of 73.19, a PEG ratio of 2.03 and a beta of 1.09. Corning Incorporated has a fifty-two week low of $53.29 and a fifty-two week high of $271.78. 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 firm’s fifty day moving average price is $191.73 and its two-hundred day moving average price is $153.75.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating 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 firm had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the company earned $0.54 earnings per share. The business’s quarterly revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities analysts expect that Corning Incorporated will post 3.18 EPS for the current fiscal year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be issued 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 presently 53.59%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GLW shares. UBS Group set a $243.00 price target on Corning in a research note on Monday, July 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Corning in a research note on Friday, May 15th. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays increased their price target on shares of Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Mizuho raised 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. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Corning currently has an average rating of “Moderate Buy” and a consensus 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.