Crestwood Advisors Group LLC Purchases 25,822 Shares of Corning Incorporated $GLW

Crestwood Advisors Group LLC boosted its position in Corning Incorporated (NYSE:GLW) by 181.7% during the fourth quarter, HoldingsChannel reports. The fund owned 40,031 shares of the electronics maker’s stock after buying an additional 25,822 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Corning were worth $3,505,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Corning during the third quarter valued at about $25,000. Strengthening Families & Communities LLC bought a new stake in shares of Corning during the third quarter valued at about $27,000. Cornerstone Planning Group LLC increased its position in shares of Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after buying an additional 124 shares during the period. JPL Wealth Management LLC bought a new stake in shares of Corning during the third quarter valued at about $33,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Corning during the fourth quarter valued at about $35,000. 69.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GLW has been the topic of several analyst reports. Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Oppenheimer upped their price target on Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday. HSBC reiterated a “buy” rating and set a $135.00 price target on shares of Corning in a research report on Friday, February 13th. Citigroup upped their price target on Corning from $175.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Wolfe Research set a $130.00 price target on Corning and gave the company an “outperform” rating in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $172.15.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Nvidia is funding Corning’s plant construction and taking an equity stake, signaling a long-term strategic partnership that could materially grow Corning’s AI-related manufacturing business. Nvidia funds construction of Corning plants, in addition to equity investment
• Positive Sentiment: Analysts have been raising price targets and keeping generally constructive ratings, with Citi, Oppenheimer, and others citing stronger growth prospects after Corning’s recent results and the Nvidia deal. Analysts Have Conflicting Sentiments on These Technology Companies: Coherent Corp (COHR), Corning (GLW) and Fortinet (FTNT)
• Neutral Sentiment: Corning is also drawing attention from media and commentators, including a Closing Bell appearance and bullish commentary from Jim Cramer, which may support sentiment but does not change fundamentals by itself. Corning Incorporated to ring the NYSE Closing Bell® on Thursday
• Neutral Sentiment: Some articles warn the stock may be getting extended after a huge one-year run, suggesting valuation risk could limit upside if AI enthusiasm cools. Is Corning (GLW) Getting Ahead Of Itself After A 311% One Year Surge?
• Negative Sentiment: JPMorgan’s relatively cautious view and neutral rating suggest some analysts still see limited near-term upside after the rally, even with the higher target. Corning price target raised by JPMorgan Chase & Co.

Corning Stock Up 2.2%

Shares of NYSE GLW opened at $186.47 on Friday. Corning Incorporated has a 12 month low of $44.83 and a 12 month high of $198.25. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $160.48 billion, a price-to-earnings ratio of 89.22, a PEG ratio of 2.58 and a beta of 1.14. The business has a 50-day moving average of $150.46 and a 200-day moving average of $115.11.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $4.30 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Corning’s 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 expect that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Dividend Announcement

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

Insider Activity at Corning

In other Corning news, CEO Wendell P. Weeks sold 137,514 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 750,585 shares of the company’s stock, valued at $116,618,391.45. This represents a 15.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Z. Zhang sold 1,531 shares of the company’s stock in a transaction that occurred on 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 have sold 177,256 shares of company stock valued at $26,541,572 in the last ninety days. Insiders own 0.25% of the company’s stock.

Corning 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.