39,800 Shares in Corning Incorporated $GLW Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in shares of Corning Incorporated (NYSE:GLW) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 39,800 shares of the electronics maker’s stock, valued at approximately $5,412,000.

A number of other large investors also recently made changes to their positions in GLW. Berbice Capital Management LLC purchased a new stake in shares of Corning in the fourth quarter worth approximately $26,000. Basepoint Wealth LLC acquired a new position in Corning in the 4th quarter valued at approximately $26,000. MBM Wealth Consultants LLC acquired a new position in Corning in the 1st quarter valued at approximately $42,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Corning in the 3rd quarter worth approximately $25,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Corning in the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on GLW. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a report on Friday, May 15th. JPMorgan Chase & Co. increased their price objective on Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Bank of America lifted their price objective on Corning from $155.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Susquehanna boosted their target price on Corning from $125.00 to $180.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Finally, Oppenheimer lifted their price target on Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $182.62.

Insiders Place Their Bets

In related news, SVP Soumya Seetharam sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $206.23, for a total value of $4,124,600.00. Following the transaction, the senior vice president directly owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. This trade represents a 43.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jaymin Amin sold 27,395 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the completion of the sale, the senior vice president owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. This trade represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 160,655 shares of company stock worth $30,692,560 in the last three months. 0.25% of the stock is owned by insiders.

Corning Stock Down 2.2%

GLW stock opened at $223.00 on Friday. The firm has a market cap of $191.92 billion, a PE ratio of 106.70, a PEG ratio of 3.26 and a beta of 1.15. Corning Incorporated has a 1 year low of $51.32 and a 1 year high of $230.50. The company has a fifty day simple moving average of $184.70 and a 200 day simple moving average of $141.72. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last posted 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 firm had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business posted $0.54 earnings per share. The business’s quarterly 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 anticipate that Corning Incorporated will post 3.19 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued 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 dividend yield of 0.5%. Corning’s dividend payout ratio is currently 53.59%.

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.