Paragon Private Wealth Management LLC Buys 2,883 Shares of Corning Incorporated $GLW

Paragon Private Wealth Management LLC raised its stake in shares of Corning Incorporated (NYSE:GLW) by 35.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,047 shares of the electronics maker’s stock after purchasing an additional 2,883 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in Corning were worth $967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Berbice Capital Management LLC bought a new stake in Corning during the fourth quarter valued at approximately $26,000. Basepoint Wealth LLC bought a new stake in Corning during the fourth quarter valued at approximately $26,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Corning during the third quarter valued at approximately $25,000. Evolution Wealth Management Inc. lifted its position in Corning by 58.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 381 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 141 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Corning during the fourth quarter valued at approximately $35,000. 69.80% of the stock is currently owned by institutional investors.

Corning Trading Down 7.2%

GLW stock opened at $174.12 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. Corning Incorporated has a one year low of $49.47 and a one year high of $211.79. The company’s 50 day moving average price is $174.78 and its two-hundred day moving average price is $132.02. The company has a market capitalization of $149.86 billion, a PE ratio of 83.31, a price-to-earnings-growth ratio of 2.68 and a beta of 1.15.

Corning (NYSE:GLW) last issued its earnings results 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 net margin of 11.09% and a return on equity of 19.45%. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. 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. As a group, analysts predict 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. This represents a $1.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s payout ratio is presently 53.59%.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning announced a multibillion-dollar, multiyear deal with Amazon to supply optical fiber, cable, and connectivity solutions for U.S. data centers, strengthening its position in AI and cloud infrastructure. Amazon, Corning sign multi-billion-dollar deal to boost fiber optics manufacturing in US
• Positive Sentiment: The deal is expected to expand Corning’s North Carolina manufacturing footprint and create about 1,000 jobs, which supports longer-term production capacity and customer demand. Amazon strikes multibillion-dollar deal with Corning to power AI data centers in U.S.
• Positive Sentiment: Analysts and commentators are pointing to Corning as a key beneficiary of the shift from copper to optical fiber in AI data centers, with demand from hyperscalers improving the company’s growth outlook. Corning Is Paving AI’s Future With Glass
• Positive Sentiment: Corning’s optical communications sales have been growing quickly, and the Amazon deal adds to a string of AI-related wins that could support margin expansion and earnings upgrades. Why Corning (GLW) Is Up 6.1% After Amazon’s Multiyear US Data Center Fiber Deal And What’s Next
• Neutral Sentiment: Corning CEO Wendell P. Weeks sold 100,000 shares, a routine insider sale that may raise some caution but does not necessarily change the company’s operating outlook. SEC Form 4

Analyst Upgrades and Downgrades

Several research analysts have commented on GLW shares. Barclays lifted their price target on shares of Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Susquehanna lifted their price target on shares of Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Mizuho lifted their price target on shares of Corning from $190.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Bank of America lifted their price target on shares of Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and an average price target of $178.31.

Insider Buying and Selling

In related news, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total value of $5,263,675.30. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP John Z. Zhang sold 10,000 shares of Corning stock in a transaction on Monday, May 11th. The stock was sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the completion of the transaction, the vice president directly owned 5,138 shares in the company, valued at approximately $1,019,070.92. The trade was a 66.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 160,655 shares of company stock valued at $30,692,561 over the last quarter. Company 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.