Corning Incorporated $GLW Shares Sold by Contravisory Investment Management Inc.

Posted by George Bondi on Jun 26th, 2026

Contravisory Investment Management Inc. decreased its position in Corning Incorporated (NYSE:GLW – Free Report) by 22.6% in the first quarter, HoldingsChannel.com reports. The fund owned 7,733 shares of the electronics maker’s stock after selling 2,258 shares during the period. Contravisory Investment Management Inc.’s holdings in Corning were worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new position in shares of Corning in the fourth quarter worth about $26,000. Basepoint Wealth LLC acquired a new stake in shares of Corning during the fourth quarter worth about $26,000. MBM Wealth Consultants LLC purchased a new stake in Corning in the first quarter valued at approximately $42,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Corning in the 3rd quarter worth approximately $25,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Corning in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Analyst Ratings Changes

GLW has been the subject of several research reports. Oppenheimer lifted their price objective on shares of Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a report on Friday, May 15th. Susquehanna boosted their target price on shares of Corning from $125.00 to $180.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. Mizuho upped their price target on shares of Corning from $190.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Finally, Truist Financial increased their price target on Corning from $149.00 to $205.00 and gave the stock a “hold” rating in a research report on Monday. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corning presently has a consensus rating of “Moderate Buy” and an average price target of $182.62.

View Our Latest Stock Analysis on Corning

Insider Buying and Selling

In other Corning news, 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 value of $18,646,000.00. Following the completion of the transaction, the chief executive officer owned 908,353 shares in the company, valued at approximately $169,371,500.38. This represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jaymin Amin sold 27,395 shares of the stock in a transaction dated 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 sale, the senior vice president directly owned 94,400 shares in the company, valued at approximately $18,138,016. The trade was a 22.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 160,655 shares of company stock valued at $30,692,560 in the last ninety days. Company insiders own 0.25% of the company’s stock.

Corning Trading Up 10.8%

Corning stock opened at $228.14 on Friday. The firm has a market cap of $196.35 billion, a PE ratio of 109.16, a P/E/G ratio of 2.95 and a beta of 1.15. Corning Incorporated has a 12 month low of $51.32 and a 12 month high of $230.50. The stock’s 50 day simple moving average is $183.60 and its two-hundred day simple moving average is $141.15. 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 (NYSE:GLW – Get Free Report) last posted its 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. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the firm earned $0.54 EPS. The business’s quarterly revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Analysts anticipate that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be issued a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a yield of 0.5%. Corning’s payout ratio is presently 53.59%.

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.