Corning Incorporated $GLW Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its holdings in Corning Incorporated (NYSE:GLW) by 24.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 22,891 shares of the electronics maker’s stock after buying an additional 4,559 shares during the quarter. Bleakley Financial Group LLC’s holdings in Corning were worth $2,004,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GLW. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Corning in the third quarter valued at $25,000. Berbice Capital Management LLC acquired a new stake in Corning in the fourth quarter valued at $26,000. Strengthening Families & Communities LLC acquired a new stake in Corning in the third quarter valued at $27,000. Cornerstone Planning Group LLC lifted its holdings in Corning by 58.5% in the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 124 shares during the period. Finally, JPL Wealth Management LLC acquired a new stake in Corning in the third quarter valued at $33,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning continues to benefit from investor enthusiasm around AI-driven optical connectivity and photonics, which has helped support the stock’s strong year-to-date rally.
• Positive Sentiment: Recent commentary highlighted upside tied to Corning’s solar and life sciences businesses, with analysts pointing to potential growth from U.S. tariff protection, domestic capacity expansion, and new product opportunities.
• Positive Sentiment: The company’s last earnings report beat expectations slightly, with revenue and EPS both topping estimates and management guiding Q2 EPS above prior levels.
• Neutral Sentiment: Wall Street sentiment remains constructive overall, with Corning carrying a “Moderate Buy” consensus and several recent price targets clustered around the current trading range.
• Neutral Sentiment: The upcoming ex-dividend date may be contributing to some short-term position adjustment, though the dividend yield is modest.
• Negative Sentiment: Sentiment was weighed down by a Zacks Research downgrade from “strong-buy” to “hold,” which can encourage traders to lock in gains after the rally.
• Negative Sentiment: Recent insider selling, including a notable sale by SVP and CTO Jaymin Amin, has added to near-term caution and may be reinforcing concerns about valuation after the stock’s sharp advance.

Insider Activity

In related news, VP John Z. Zhang sold 10,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $198.34, for a total value of $1,983,400.00. Following the completion of the transaction, the vice president owned 5,138 shares of the company’s stock, valued at approximately $1,019,070.92. The trade was a 66.06% 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 the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the completion of the transaction, the senior vice president directly owned 94,400 shares of the company’s stock, valued at $18,138,016. The trade was a 22.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 60,655 shares of company stock worth $12,046,561. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GLW shares. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Bank of America lifted their price target on Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. lifted their price target on Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a research note on Friday, May 15th. Finally, Oppenheimer lifted their price target on Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $177.92.

Corning Trading Down 4.1%

NYSE:GLW opened at $183.06 on Friday. The stock has a fifty day simple moving average of $166.43 and a 200-day simple moving average of $126.21. Corning Incorporated has a 52-week low of $48.88 and a 52-week high of $211.79. The company has a market capitalization of $157.55 billion, a PE ratio of 87.59, a price-to-earnings-growth ratio of 2.73 and a beta of 1.14. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The firm’s revenue for the quarter 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 research analysts expect that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 annualized dividend and a yield of 0.6%. Corning’s payout ratio is presently 53.59%.

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.