Corning Incorporated $GLW Position Increased by Daiwa Securities Group Inc.

Posted by Geri Gentry on Jun 7th, 2026

Daiwa Securities Group Inc. increased its position in Corning Incorporated (NYSE:GLW – Free Report) by 3.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 128,917 shares of the electronics maker’s stock after purchasing an additional 4,185 shares during the period. Daiwa Securities Group Inc.’s holdings in Corning were worth $11,288,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLW. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Corning in the 3rd quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new position in Corning in the 4th quarter worth approximately $26,000. Basepoint Wealth LLC acquired a new position in Corning in the 4th quarter worth approximately $26,000. Evolution Wealth Management Inc. boosted its stake in Corning by 58.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 381 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 141 shares during the period. Finally, JPL Wealth Management LLC acquired a new position in Corning in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on GLW shares. Barclays raised their price objective on shares of Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Truist Financial raised their price objective on shares of Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Citigroup raised their price objective on shares of Corning from $175.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. lifted their target price on shares of Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, UBS Group lifted their target price on shares of Corning from $223.00 to $228.00 and gave the company a “buy” rating in a research note on Friday. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $178.31.

View Our Latest Report on GLW

Insider Activity

In related news, SVP Soumya Seetharam sold 20,000 shares of Corning stock in a transaction on Monday, May 11th. The shares were sold at an average price of $206.23, for a total value of $4,124,600.00. Following the transaction, the senior vice president owned 25,570 shares in the company, valued at $5,273,301.10. This trade represents a 43.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the completion of the transaction, the senior vice president owned 94,400 shares in the company, valued at $18,138,016. This trade represents a 22.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 60,655 shares of company stock worth $12,046,561. Insiders own 0.25% of the company’s stock.

Corning Stock Down 10.2%

GLW stock opened at $177.52 on Friday. 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 Incorporated has a 1 year low of $49.47 and a 1 year high of $211.79. The company has a fifty day simple moving average of $173.00 and a 200 day simple moving average of $130.26. The firm has a market cap of $152.78 billion, a PE ratio of 84.94, a PEG ratio of 2.54 and a beta of 1.15.

Corning (NYSE:GLW – Get Free Report) last released its quarterly earnings data 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. Corning had a net margin of 11.09% and a return on equity of 19.45%. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the business earned $0.54 EPS. Corning’s quarterly revenue was up 18.1% compared to the same quarter last year. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s payout ratio is presently 53.59%.

About Corning

(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.