Himension Capital Singapore PTE. LTD. Acquires Shares of 3,346 Corning Incorporated $GLW

Himension Capital Singapore PTE. LTD. bought a new position in shares of Corning Incorporated (NYSE:GLW) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,346 shares of the electronics maker’s stock, valued at approximately $455,000.

Several other institutional investors have also recently added to or reduced their stakes in GLW. Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Corning during the 1st quarter worth approximately $12,716,000. ABN Amro Investment Solutions grew its position in shares of Corning by 21.3% in the 1st quarter. ABN Amro Investment Solutions now owns 46,913 shares of the electronics maker’s stock valued at $6,379,000 after buying an additional 8,232 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Corning by 1.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 611,485 shares of the electronics maker’s stock valued at $83,144,000 after buying an additional 7,329 shares during the last quarter. Oslo Pensjonsforsikring AS acquired a new stake in Corning during the 1st quarter worth $334,000. Finally, Mathes Company Inc. raised its stake in Corning by 8.6% during the 1st quarter. Mathes Company Inc. now owns 3,585 shares of the electronics maker’s stock worth $487,000 after acquiring an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Stock Up 6.1%

Shares of NYSE:GLW opened at $162.44 on Wednesday. The stock has a market cap of $139.80 billion, a P/E ratio of 77.72, a P/E/G ratio of 2.01 and a beta of 1.09. The firm has a fifty day moving average price of $191.02 and a 200 day moving average price of $154.27. 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 Incorporated has a 1-year low of $53.29 and a 1-year high of $271.78.

Corning (NYSE:GLW) last posted its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The company had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the business posted $0.54 earnings per share. Corning’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. Sell-side analysts predict that Corning Incorporated will post 3.18 EPS 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 paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, August 31st. Corning’s dividend payout ratio is 53.59%.

Insiders Place Their Bets

In related news, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the sale, the senior vice president directly owned 94,400 shares in the company, valued at $18,138,016. The trade was a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michaune D. Tillman sold 3,260 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $207.02, for a total value of $674,885.20. Following the transaction, the senior vice president directly owned 10,174 shares in the company, valued at $2,106,221.48. This represents a 24.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 160,655 shares of company stock worth $30,692,560. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GLW. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a research report on Friday, May 15th. Morgan Stanley set a $180.00 target price on Corning in a research report on Friday, May 8th. Susquehanna boosted their target price on Corning from $125.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Bank of America upped their target price on Corning from $223.00 to $243.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Finally, Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a research note on Saturday. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average 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.