Raiffeisen Bank International AG Acquires 52,639 Shares of Corning Incorporated $GLW

Posted by Brenda Bartman on Jun 12th, 2026

Raiffeisen Bank International AG raised its holdings in shares of Corning Incorporated (NYSE:GLW – Free Report) by 354.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,472 shares of the electronics maker’s stock after purchasing an additional 52,639 shares during the quarter. Raiffeisen Bank International AG’s holdings in Corning were worth $5,996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLW. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Corning during the 3rd quarter valued at $25,000. Berbice Capital Management LLC bought a new stake in Corning during the 4th quarter valued at $26,000. Basepoint Wealth LLC bought a new stake in Corning during the 4th quarter valued at $26,000. Evolution Wealth Management Inc. grew its stake in shares of 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 acquiring an additional 141 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new stake in shares of Corning in the 3rd quarter worth $33,000. Institutional investors own 69.80% of the company’s stock.

Insider Buying and Selling at Corning

In other Corning news, SVP Soumya Seetharam sold 20,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the sale, the senior vice president directly owned 25,570 shares of the company’s stock, valued at $5,273,301.10. This represents a 43.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Wendell P. Weeks sold 100,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the sale, the chief executive officer directly owned 908,353 shares in the company, valued at approximately $169,371,500.38. This trade represents a 9.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 160,655 shares of company stock valued at $30,692,561. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Wall Street Zen lowered shares of Corning from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Oppenheimer upped their target price on shares of Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Citigroup upped their target price 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. Finally, UBS Group upped their target price on shares of Corning from $223.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $178.31.

Check Out Our Latest Stock Report on Corning

Corning Price Performance

GLW opened at $177.10 on Friday. The firm has a market cap of $152.42 billion, a P/E ratio of 84.74, a PEG ratio of 2.41 and a beta of 1.15. The firm has a 50-day moving average of $176.41 and a 200 day moving average of $133.34. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. Corning Incorporated has a fifty-two week low of $49.47 and a fifty-two week high of $211.79.

Corning (NYSE:GLW – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, research analysts expect that Corning Incorporated will post 3.19 EPS for the current year.

Corning Announces Dividend

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

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

Positive Sentiment: Corning is being highlighted as a key AI infrastructure beneficiary as photonics demand rises with surging data-center bandwidth needs, reinforcing the growth case for its optical communications business. Photonics Is the New Hot Cake of AI Infrastructure Space: 5 Picks
Positive Sentiment: Recent commentary also says Corning has benefited from robust demand in optical communications, which supports revenue momentum and the company’s earnings outlook. Corning (GLW) Gained from Robust Demand in Optical Communications
Positive Sentiment: Analysts and market commentators continue to point to Corning’s AI-related fiber and connectivity exposure as a long-term driver, helping explain why shares have been trending higher over the past several months. Corning Is Paving AI’s Future With Glass

Corning Company 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.