Corning Incorporated $GLW Stake Boosted by Convergence Investment Partners LLC

Posted by Stanley Muller on May 16th, 2026

Convergence Investment Partners LLC increased its stake in Corning Incorporated (NYSE:GLW – Free Report) by 27.2% during the fourth quarter, HoldingsChannel reports. The firm owned 25,155 shares of the electronics maker’s stock after acquiring an additional 5,378 shares during the period. Convergence Investment Partners LLC’s holdings in Corning were worth $2,203,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Corning in the 3rd quarter worth about $25,000. Strengthening Families & Communities LLC purchased a new position in Corning in the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC increased its stake in Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 124 shares in the last quarter. JPL Wealth Management LLC purchased a new position in Corning during the 3rd quarter valued at about $33,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Corning during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insider Buying and Selling

In related news, VP John Z. Zhang sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $198.34, for a total value of $1,983,400.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Michaune D. Tillman sold 3,260 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $207.02, for a total value of $674,885.20. Following the completion of the sale, the senior vice president owned 10,174 shares of the company’s stock, valued at approximately $2,106,221.48. This trade represents a 24.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 170,774 shares of company stock valued at $28,148,435 in the last quarter. Company insiders own 0.25% of the company’s stock.

Corning Stock Down 7.7%

Shares of Corning stock opened at $192.18 on Friday. The firm has a market cap of $165.40 billion, a price-to-earnings ratio of 91.95, a P/E/G ratio of 2.98 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. Corning Incorporated has a 52-week low of $47.40 and a 52-week high of $211.79. The stock has a 50-day simple moving average of $156.22 and a 200-day simple moving average of $119.68.

Corning (NYSE:GLW – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities research analysts expect that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, May 29th. Corning’s payout ratio is currently 53.59%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wolfe Research set a $130.00 target price on Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Mizuho lifted their target price on Corning from $190.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday. Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. UBS Group lifted their target price on Corning from $179.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Barclays lifted their price target on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $177.92.

View Our Latest Stock Report on GLW

Corning Profile

(Free Report)

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.