Vise Technologies Inc. Increases Position in Corning Incorporated $GLW

Vise Technologies Inc. grew its stake in Corning Incorporated (NYSE:GLW) by 98.3% during the fourth quarter, HoldingsChannel reports. The fund owned 23,212 shares of the electronics maker’s stock after acquiring an additional 11,509 shares during the quarter. Vise Technologies Inc.’s holdings in Corning were worth $2,032,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Corning by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 99,283,317 shares of the electronics maker’s stock valued at $8,693,247,000 after acquiring an additional 580,678 shares during the period. State Street Corp grew its stake in Corning by 1.2% during the 3rd quarter. State Street Corp now owns 37,008,856 shares of the electronics maker’s stock worth $3,035,836,000 after buying an additional 439,883 shares during the last quarter. Geode Capital Management LLC increased its position in Corning by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 20,411,824 shares of the electronics maker’s stock valued at $1,781,250,000 after buying an additional 517,067 shares in the last quarter. Wellington Management Group LLP increased its position in Corning by 30.3% during the 3rd quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after buying an additional 3,848,540 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Corning by 8.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock valued at $724,432,000 after buying an additional 1,036,988 shares in the last quarter. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Corning

In other Corning news, SVP Soumya Seetharam sold 20,000 shares of Corning stock in a transaction dated 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 sale, the senior vice president owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. The trade was a 43.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michaune D. Tillman sold 3,260 shares of Corning stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $207.02, for a total value of $674,885.20. Following the sale, the senior vice president directly owned 10,174 shares of the company’s stock, valued at approximately $2,106,221.48. This represents a 24.27% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 60,655 shares of company stock worth $12,046,561. 0.25% of the stock is owned by insiders.

Corning Stock Performance

Shares of GLW opened at $177.52 on Monday. The stock has a 50-day moving average of $173.00 and a two-hundred day moving average of $130.61. Corning Incorporated has a one year low of $49.47 and a one year high of $211.79. 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 stock has a market cap of $152.78 billion, a P/E ratio of 84.94, a P/E/G ratio of 2.54 and a beta of 1.15.

Corning (NYSE:GLW) last issued its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping 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 company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, research analysts predict that Corning Incorporated will post 3.19 EPS for the current year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. Corning’s payout ratio is currently 53.59%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Bank of America upped their target price on Corning from $155.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Wall Street Zen lowered Corning from a “buy” rating to a “hold” rating in a research report on Saturday. Truist Financial upped their target price on Corning from $125.00 to $149.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Barclays upped their target price on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, Morgan Stanley set a $180.00 target price on Corning in a research report on Friday, May 8th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $178.31.

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.