William John Sempolinski Takes $1.15 Million Position in Corning Incorporated $GLW

William John Sempolinski acquired a new position in Corning Incorporated (NYSE:GLW) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,510 shares of the electronics maker’s stock, valued at approximately $1,152,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atwood & Palmer Inc. bought a new stake in Corning during the second quarter worth approximately $26,000. Rogco LP bought a new position in shares of Corning in the second quarter valued at $27,000. First PREMIER Bank bought a new position in shares of Corning in the second quarter valued at $51,000. Burk Holdings LLC acquired a new stake in shares of Corning during the 2nd quarter valued at $53,000. Finally, Delos Wealth Advisors LLC bought a new stake in shares of Corning during the 2nd quarter worth $55,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GLW has been the topic of a number of analyst reports. Morgan Stanley dropped their price target on Corning from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. Oppenheimer decreased their price objective on shares of Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. UBS Group reiterated a “buy” rating and set a $196.00 price objective on shares of Corning in a research report on Wednesday, July 29th. Truist Financial raised Corning from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $205.00 to $175.00 in a research note on Sunday, August 2nd. Finally, JPMorgan Chase & Co. cut their price target on Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $174.08.

Corning Stock Performance

GLW opened at $154.22 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. The company has a market cap of $132.84 billion, a PE ratio of 70.42, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16. The stock has a 50-day moving average of $164.74 and a 200-day moving average of $165.17. Corning Incorporated has a 52-week low of $70.06 and a 52-week high of $271.78.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. Corning had a return on equity of 20.09% and a net margin of 11.20%.The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same period last year, the business earned $0.60 EPS. The firm’s revenue was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, equities research analysts forecast that Corning Incorporated will post 3.27 earnings per share for the current fiscal year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. Corning’s payout ratio is currently 51.14%.

Insider Transactions at Corning

In other news, EVP Lewis A. Steverson sold 13,100 shares of Corning stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $151.29, for a total value of $1,981,899.00. Following the transaction, the executive vice president directly owned 15,052 shares in the company, valued at approximately $2,277,217.08. The trade was a 46.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Wendell Weeks sold 100,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total value of $18,646,000.00. Following the transaction, the chief executive officer directly owned 908,353 shares of the company’s stock, valued at $169,371,500.38. This represents a 9.92% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.25% of the stock is owned by corporate insiders.

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.