Corning Incorporated $GLW Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its stake in shares of Corning Incorporated (NYSE:GLW) by 3.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 602,538 shares of the electronics maker’s stock after purchasing an additional 18,640 shares during the period. New York State Teachers Retirement System’s holdings in Corning were worth $52,758,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Joel Isaacson & Co. LLC grew its position in Corning by 0.5% during the 4th quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker’s stock worth $1,797,000 after purchasing an additional 102 shares during the period. CVA Family Office LLC grew its position in Corning by 10.3% during the 3rd quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock worth $98,000 after purchasing an additional 111 shares during the period. Angeles Wealth Management LLC grew its position in Corning by 2.8% during the 3rd quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker’s stock worth $348,000 after purchasing an additional 116 shares during the period. Mowery & Schoenfeld Wealth Management LLC grew its position in Corning by 37.3% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 442 shares of the electronics maker’s stock worth $39,000 after purchasing an additional 120 shares during the period. Finally, Cornerstone Planning Group LLC grew its position in Corning by 58.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 124 shares during the period. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning Price Performance

NYSE:GLW opened at $158.12 on Friday. Corning Incorporated has a 52 week low of $44.33 and a 52 week high of $179.08. The company has a quick ratio of 1.04, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $135.84 billion, a PE ratio of 75.66, a price-to-earnings-growth ratio of 2.34 and a beta of 1.06. The stock’s 50-day moving average price is $148.66 and its 200-day moving average price is $112.83.

Corning (NYSE:GLW) last posted its earnings results 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 return on equity of 19.45% and a net margin of 11.09%.The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the firm earned $0.54 EPS. The company’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. As a group, equities analysts expect that Corning Incorporated will post 3.17 EPS for the current fiscal year.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. Corning’s dividend payout ratio (DPR) is 53.59%.

Insider Buying and Selling

In related news, CEO Wendell P. Weeks sold 137,514 shares of Corning stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $155.37, for a total value of $21,365,550.18. Following the sale, the chief executive officer directly owned 750,585 shares in the company, valued at approximately $116,618,391.45. The trade was a 15.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP John Z. Zhang sold 1,531 shares of Corning stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $133.75, for a total value of $204,771.25. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 212,053 shares of company stock worth $30,403,630 in the last quarter. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GLW has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. downgraded shares of Corning from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $115.00 to $175.00 in a report on Thursday, April 16th. Mizuho set a $145.00 price target on shares of Corning in a report on Monday, February 23rd. HSBC reissued a “buy” rating and set a $135.00 target price on shares of Corning in a research note on Friday, February 13th. Truist Financial raised their target price on Corning from $125.00 to $149.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $150.31.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Q1 results and AI tailwinds: Corning reported stronger-than-expected Q1 core sales with accelerating demand from AI/data‑center optics, which underpins the stock’s large rally and longer-term upside from 5G and fiber expansion. Trefis: Is Corning Stock A Buy At 50 Times Earnings?
• Positive Sentiment: Sector/momentum bullishness: Analysts and screens (Zacks) highlight Corning as a momentum/communication‑components play to tap booming AI, 5G and fiber demand, supporting renewed investor interest. Zacks: Buy 2 Communication Component Stocks
• Neutral Sentiment: Dividend maintained: Board declared a quarterly dividend of $0.28 per share (payable June 29, record May 29). The yield is modest but supports income investors. Yahoo Finance: Corning Announces Quarterly Dividend
• Neutral Sentiment: Market context: MarketBeat and other commentary flag Corning as an AI beneficiary but note a technical pullback after a steep run; some view today’s decline as a potentially buyable dip if AI demand persists. MarketBeat Week in Review
• Negative Sentiment: Analyst caution: Truist trimmed its stance to a Hold, signaling less near‑term conviction and adding pressure after a large multi‑month gain. Globe and Mail: Corning Receives a Hold from Truist
• Negative Sentiment: High‑profile criticism and profit‑taking: Jim Cramer characterized Corning’s move as an “Icarus moment,” and media pieces note the story “getting more complicated,” prompting selling after a roughly 250% one‑year rally. Yahoo: Jim Cramer on Corning TheStreet: Corning stock falls

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.