Directional Asset Management Takes $572,000 Position in Corning Incorporated $GLW

Directional Asset Management bought a new stake in Corning Incorporated (NYSE:GLW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,533 shares of the electronics maker’s stock, valued at approximately $572,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. NBC Securities Inc. lifted its stake in shares of Corning by 382.7% in the 4th quarter. NBC Securities Inc. now owns 48,968 shares of the electronics maker’s stock valued at $4,288,000 after purchasing an additional 38,823 shares during the period. Citizens & Northern Corp lifted its stake in shares of Corning by 10.6% in the 4th quarter. Citizens & Northern Corp now owns 21,734 shares of the electronics maker’s stock valued at $1,903,000 after purchasing an additional 2,076 shares during the period. Mowery & Schoenfeld Wealth Management LLC lifted its stake in shares of Corning by 37.3% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 442 shares of the electronics maker’s stock valued at $39,000 after purchasing an additional 120 shares during the period. AGP Franklin LLC lifted its stake in shares of Corning by 3.0% in the 4th quarter. AGP Franklin LLC now owns 41,900 shares of the electronics maker’s stock valued at $3,669,000 after purchasing an additional 1,211 shares during the period. Finally, Diversified Enterprises LLC raised its stake in Corning by 12.8% during the fourth quarter. Diversified Enterprises LLC now owns 4,921 shares of the electronics maker’s stock valued at $431,000 after buying an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Susquehanna increased their target price on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Wolfe Research set a $130.00 target price on Corning and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Bank of America increased their target price on Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday. Oppenheimer set a $120.00 target price on Corning in a research note on Thursday, January 29th. Finally, Mizuho set a $145.00 target price on Corning in a research note on Monday, February 23rd. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $140.08.

Corning Stock Up 0.5%

Corning stock opened at $169.53 on Friday. The firm has a market cap of $145.63 billion, a price-to-earnings ratio of 92.13, a PEG ratio of 2.42 and a beta of 1.06. The stock has a fifty day simple moving average of $145.59 and a two-hundred day simple moving average of $110.15. Corning Incorporated has a 12 month low of $42.00 and a 12 month high of $176.75. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last issued its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. Corning’s revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities analysts predict that Corning Incorporated will post 3.15 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, February 27th. Corning’s dividend payout ratio (DPR) is presently 60.87%.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Zacks and other analyst write-ups say Corning is poised to beat Q1 expectations, citing AI/cloud and data-center demand as growth drivers that should support optical and connectivity product lines. 4 Top-Ranked Technology Stocks Set to Beat Q1 Earnings Expectations
• Positive Sentiment: The Zacks Analyst Blog lists Corning among names expected to deliver Q1 earnings beats, reinforcing investor expectations for stronger performance tied to semiconductors, AI and cloud-related demand. The Zacks Analyst Blog Sandisk, Monolithic Power Systems, Garmin and Corning
• Positive Sentiment: Bank of America raised its price target on Corning to $186, signaling analyst confidence in upside to the shares based on expected near-term strength. Bank of America Raises Corning (NYSE:GLW) Price Target to $186.00
• Positive Sentiment: Yahoo/Zacks coverage highlights Corning as a dividend-growth candidate and as a beneficiary of prolonged telecom/5G investment and fiber densification, supporting steady cash flow and investor yield expectations. 5 Dividend Growth Stocks to Buy Amid Extended US Ceasefire With Iran
• Neutral Sentiment: Preview pieces (Zacks/Yahoo) provide deeper looks at Q1 estimates beyond headline revenue/EPS — useful for investors but not definitive; final impact depends on the company’s reported unit volumes, margins, and any guidance changes. Countdown to Corning (GLW) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS

Insiders Place Their Bets

In other Corning news, SVP Li Fang sold 9,797 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eric S. Musser sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $110.00, for a total value of $2,750,000.00. Following the completion of the transaction, the insider directly owned 19,926 shares in the company, valued at $2,191,860. The trade was a 55.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 233,201 shares of company stock valued at $32,614,558. 0.25% of the stock is currently owned by company insiders.

About Corning

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.