Corning Incorporated $GLW Shares Bought by Artemis Investment Management LLP

Artemis Investment Management LLP raised its stake in Corning Incorporated (NYSE:GLW) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 287,046 shares of the electronics maker’s stock after acquiring an additional 10,688 shares during the quarter. Artemis Investment Management LLP’s holdings in Corning were worth $44,136,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of Corning by 13.4% in the second quarter. State Street Corp now owns 41,108,384 shares of the electronics maker’s stock valued at $10,500,315,000 after buying an additional 4,845,027 shares during the period. Bank of America Corp DE increased its stake in Corning by 29.2% during the 2nd quarter. Bank of America Corp DE now owns 18,730,616 shares of the electronics maker’s stock worth $4,784,361,000 after acquiring an additional 4,231,507 shares during the period. Wellington Management Group LLP raised its holdings in Corning by 50.9% in the 2nd quarter. Wellington Management Group LLP now owns 13,174,194 shares of the electronics maker’s stock valued at $3,365,084,000 after acquiring an additional 4,446,514 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Corning in the 2nd quarter valued at $1,510,911,000. Finally, Legal & General Group Plc bought a new stake in shares of Corning during the 2nd quarter valued at $1,212,283,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GLW has been the topic of a number of analyst reports. Barclays reduced their price objective on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. Oppenheimer reduced their price target on shares of Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Sanford C. Bernstein assumed coverage on shares of Corning in a research report on Wednesday, September 30th. They set a “market perform” rating and a $140.00 price objective for the company. Wall Street Zen cut Corning from a “buy” rating to a “hold” rating in a research note on Monday, August 24th. Finally, China Renaissance raised Corning from a “hold” rating to a “buy” rating and set a $238.00 target price on the stock in a report on Tuesday, September 8th. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.87.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: AI infrastructure demand is supporting Corning’s optical communications business, with rising network requirements, strong backlogs and data-center growth cited as potential catalysts for additional upside. Buy GLW & CIEN to Gain More on AI Communication Component Space Rally
• Positive Sentiment: Truist raised its price target for Corning from $175 to $182, signaling continued confidence in the company’s outlook and potential AI-driven demand. Truist raises target for Corning stock
• Positive Sentiment: Analyst commentary highlights Corning’s optical-fiber growth, major data-center agreements and improving solar sales as factors reshaping its growth outlook. The company recently reported revenue growth and earnings above consensus, although valuation and profitability risks remain. Corning Surges 93% Year to Date
• Neutral Sentiment: Corning declared a quarterly dividend of $0.28 per share, payable December 11 to shareholders of record November 13. The $1.12 annualized payout represents a yield of approximately 0.7%, providing modest income support but likely limited near-term influence on the stock. Corning Announces Quarterly Dividend
• Negative Sentiment: Pomerantz LLP announced investigations into potential claims on behalf of Corning investors. The alerts do not establish wrongdoing, but they can create headline risk and investor uncertainty. Similar notices were issued on October 6 and October 8. Pomerantz Investor Alert

Insider Activity

In related news, EVP Lewis Steverson sold 13,100 shares of Corning stock in a transaction on Friday, August 28th. The shares were sold at an average price of $151.29, for a total value of $1,981,899.00. Following the completion of the sale, the executive vice president owned 15,052 shares of the company’s stock, valued at approximately $2,277,217.08. This trade represents a 46.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Corning Trading Down 5.3%

NYSE:GLW traded down $8.66 during trading hours on Thursday, hitting $154.59. 3,569,947 shares of the company were exchanged, compared to its average volume of 12,041,274. The stock has a market capitalization of $133.16 billion, a price-to-earnings ratio of 70.86, a price-to-earnings-growth ratio of 2.15 and a beta of 1.13. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59. Corning Incorporated has a one year low of $77.39 and a one year high of $271.78. The company has a fifty day simple moving average of $155.06 and a 200 day simple moving average of $168.44.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. The company’s revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Sell-side analysts expect that Corning Incorporated will post 3.28 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 13th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, November 13th. Corning’s dividend payout ratio is 51.14%.

Corning Company Profile

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.