Resona Asset Management Co. Ltd. Buys 5,238 Shares of Corning Incorporated $GLW

Resona Asset Management Co. Ltd. raised its stake in Corning Incorporated (NYSE:GLW) by 2.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 256,801 shares of the electronics maker’s stock after buying an additional 5,238 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Corning were worth $34,575,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Merit Financial Group LLC increased its position in shares of Corning by 16.9% during the fourth quarter. Merit Financial Group LLC now owns 45,001 shares of the electronics maker’s stock worth $3,940,000 after purchasing an additional 6,493 shares in the last quarter. Security National Bank boosted its position in shares of Corning by 340.4% in the 4th quarter. Security National Bank now owns 72,523 shares of the electronics maker’s stock worth $6,350,000 after purchasing an additional 56,056 shares in the last quarter. Three Seasons Wealth LLC acquired a new stake in shares of Corning in the 4th quarter worth $1,750,000. RiverFront Investment Group LLC grew its stake in Corning by 65.4% during the 4th quarter. RiverFront Investment Group LLC now owns 14,718 shares of the electronics maker’s stock worth $1,289,000 after buying an additional 5,818 shares during the last quarter. Finally, North Dakota State Investment Board acquired a new position in Corning during the 4th quarter valued at about $2,345,000. 69.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GLW has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen lowered Corning from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Susquehanna upped their price objective on shares of Corning from $125.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Mizuho increased their price objective on shares of Corning from $220.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Finally, UBS Group set a $243.00 target price on shares of Corning in a research note on Monday. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $193.54.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Analysts continue to view Corning as a beneficiary of AI infrastructure spending, citing strong demand for optical networking and AI connectivity products. Corning Stock’s AI-Driven Selloff Has Wall Street Seeing Opportunity
• Positive Sentiment: Bank of America reportedly raised its price target on GLW to $243, signaling continued analyst confidence despite recent weakness. Corning (NYSE:GLW) Price Target Raised to $243.00 at Bank of America
• Positive Sentiment: Corning’s growth outlook is being supported by AI connectivity demand and optical segment expansion, with one analyst note calling GLW a better long-term pick than Bandwidth. GLW vs. BAND: Which AI Connectivity Stock is the Better Buy Now?
• Positive Sentiment: Corning’s automotive glass and ceramic technologies could add another growth driver as automakers invest in lighter, safer, and more connected vehicles. Can GLW’s Next-Generation Automotive Solutions Drive Future Growth?
• Neutral Sentiment: Index changes are reshaping Corning’s market profile, with the company added to several growth and larger-cap benchmarks and removed from value and midcap indexes; that shift may be contributing to near-term volatility. Is Corning (GLW) Fully Valued As Index Changes Reshape Its Growth Story?
• Negative Sentiment: The recent drop appears tied to a broader rotation out of AI infrastructure names, with GLW extending a sharp multi-day slide even as Wall Street remains upbeat. Corning stock falls: why are analysts backing the stock?
• Negative Sentiment: Some reports frame Corning as potentially fully valued after its strong run, which could limit near-term upside if growth expectations cool. Is Corning (GLW) Fully Valued As Index Changes Reshape Its Growth Story?

Insider Transactions at Corning

In other Corning news, VP John Z. Zhang sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were 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 of the company’s stock, valued at approximately $1,019,070.92. This trade represents a 66.06% decrease in their position. The transaction was disclosed in a 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 that occurred on Monday, May 11th. The shares were sold at an average price of $207.02, for a total transaction of $674,885.20. Following the sale, the senior vice president owned 10,174 shares of the company’s stock, valued at approximately $2,106,221.48. The trade was a 24.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 160,655 shares of company stock valued at $30,692,560 over the last quarter. Company insiders own 0.25% of the company’s stock.

Corning Price Performance

NYSE GLW opened at $184.17 on Thursday. The company has a market cap of $158.50 billion, a price-to-earnings ratio of 88.12, a PEG ratio of 2.43 and a beta of 1.09. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The stock’s fifty day moving average price is $191.61 and its 200 day moving average price is $148.94. Corning Incorporated has a 1 year low of $51.32 and a 1 year high of $271.78.

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. The company had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The firm’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, equities research analysts forecast that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors 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 0.6%. Corning’s payout ratio is 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.