Groupe la Francaise Buys 52,373 Shares of Corning Incorporated $GLW

Posted by Stanley Muller on Aug 1st, 2026

Groupe la Francaise raised its stake in Corning Incorporated (NYSE:GLW – Free Report) by 14,548.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 52,733 shares of the electronics maker’s stock after buying an additional 52,373 shares during the quarter. Groupe la Francaise’s holdings in Corning were worth $7,174,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Pathway Wealth Management LLC bought a new position in shares of Corning in the 1st quarter valued at $458,000. E20 Capital Ltd lifted its position in shares of Corning by 926.6% during the 1st quarter. E20 Capital Ltd now owns 535,776 shares of the electronics maker’s stock worth $72,849,000 after buying an additional 483,589 shares during the last quarter. Western Wealth Management LLC boosted its stake in Corning by 17.1% in the first quarter. Western Wealth Management LLC now owns 30,229 shares of the electronics maker’s stock valued at $4,110,000 after buying an additional 4,417 shares in the last quarter. McIlrath & Eck LLC boosted its stake in Corning by 60.1% in the first quarter. McIlrath & Eck LLC now owns 1,334 shares of the electronics maker’s stock valued at $181,000 after buying an additional 501 shares in the last quarter. Finally, Paragon Private Wealth Management LLC grew its position in Corning by 11.5% in the first quarter. Paragon Private Wealth Management LLC now owns 12,320 shares of the electronics maker’s stock valued at $1,675,000 after acquiring an additional 1,273 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GLW has been the subject of several research analyst reports. Susquehanna boosted their target price on Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Truist Financial raised their price target on shares of Corning from $149.00 to $205.00 and gave the company a “hold” rating in a research note on Monday, June 22nd. Barclays decreased their price target on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating on the stock in a report on Wednesday. Oppenheimer lowered their price objective on shares of Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Weiss Ratings downgraded shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.38.

Check Out Our Latest Report on Corning

Corning Price Performance

Shares of GLW opened at $138.54 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The stock has a market cap of $119.34 billion, a PE ratio of 63.26, a PEG ratio of 1.74 and a beta of 1.09. Corning Incorporated has a 12-month low of $61.44 and a 12-month high of $271.78. The business has a 50-day simple moving average of $182.92 and a two-hundred day simple moving average of $156.75.

Corning (NYSE:GLW – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The business’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Analysts anticipate that Corning Incorporated will post 3.25 earnings per share for the current fiscal year.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be given a dividend of $0.28 per share. The ex-dividend date is Monday, August 31st. This represents a $1.12 annualized dividend and a yield of 0.8%. Corning’s dividend payout ratio (DPR) is currently 51.14%.

Insider Activity

In other news, SVP Soumya Seetharam sold 20,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the senior vice president owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. This trade represents a 43.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Wendell P. Weeks sold 100,000 shares of Corning stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the transaction, the chief executive officer owned 908,353 shares in the company, valued at approximately $169,371,500.38. This trade represents a 9.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 160,655 shares of company stock worth $30,692,560. Company insiders own 0.25% of the company’s stock.

More Corning News

Here are the key news stories impacting Corning this week:

Positive Sentiment: AI-driven optical growth is supporting the rebound. Second-quarter core sales rose 17% year over year to $4.74 billion, while core EPS increased 30% to $0.78. Optical Communications sales jumped 32% to $2.07 billion, helped by enterprise-network demand tied to artificial-intelligence infrastructure. Multiyear partnerships with Amazon and NVIDIA, along with Corning’s $10 billion photonics ambition, are reinforcing the long-term growth narrative. Why Corning Incorporated Stock Is Up Today
Positive Sentiment: Management’s near-term outlook remains healthy. Corning guided for third-quarter core sales of $4.9 billion to $5.0 billion and core EPS of $0.85 to $0.89. Stronger cash flow, rising earnings estimates and expectations for accelerating growth under the extended Springboard plan are supporting investor confidence. Corning Rides AI Data Center Growth as Optical Demand Accelerates
Neutral Sentiment: Solar and photonics expansion remain execution-dependent. Investors are watching whether Corning can convert rapidly rising solar sales into sustainable profitability while also funding U.S. expansion and meeting its ambitious photonics targets. Corning Growth Outlook Hinges on AI Optics and Solar Profitability
Negative Sentiment: Valuation and market skepticism remain risks. After its AI-led rally, GLW trades at a premium valuation, leaving less room for execution mistakes. Analysts at JPMorgan and Citigroup issued cautious views, while the earlier selloff reflected concerns that third-quarter guidance implied slower growth against difficult comparisons. Is GLW Stock Attractive After Its AI Rally and Earnings Momentum?
Negative Sentiment: Insider selling is a sentiment headwind. Company insiders reportedly made 14 open-market sales and no purchases during the past six months, including sales by CEO Wendell Weeks and other senior executives.

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.