Compass Wealth Management LLC purchased a new position in shares of Corning Incorporated (NYSE:GLW – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 42,902 shares of the electronics maker’s stock, valued at approximately $10,958,000. Corning comprises 2.1% of Compass Wealth Management LLC’s investment portfolio, making the stock its 10th biggest holding.
A number of other hedge funds and other institutional investors have also recently modified their holdings of GLW. Alliance Wealth Advisors LLC boosted its stake in shares of Corning by 1.4% in the 2nd quarter. Alliance Wealth Advisors LLC now owns 4,045 shares of the electronics maker’s stock valued at $1,033,000 after purchasing an additional 56 shares during the last quarter. Ares Financial Consulting LLC raised its stake in Corning by 15.6% during the second quarter. Ares Financial Consulting LLC now owns 444 shares of the electronics maker’s stock worth $113,000 after buying an additional 60 shares during the last quarter. Signature Equity Partners LLC lifted its holdings in Corning by 19.3% in the first quarter. Signature Equity Partners LLC now owns 383 shares of the electronics maker’s stock valued at $52,000 after buying an additional 62 shares during the period. Beirne Wealth Consulting Services LLC lifted its holdings in Corning by 0.8% in the first quarter. Beirne Wealth Consulting Services LLC now owns 8,045 shares of the electronics maker’s stock valued at $1,094,000 after buying an additional 64 shares during the period. Finally, Balefire LLC boosted its position in Corning by 0.7% during the first quarter. Balefire LLC now owns 9,595 shares of the electronics maker’s stock valued at $1,305,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price target on Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Truist Financial raised Corning from a “hold” rating to a “buy” rating and dropped their price objective for the company from $205.00 to $175.00 in a research note on Sunday, August 2nd. Mizuho cut their target price on Corning from $270.00 to $210.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Morgan Stanley decreased their target price on Corning from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. Finally, Susquehanna lifted their target price on Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.08.
Corning Stock Performance
Shares of Corning stock opened at $159.88 on Wednesday. Corning Incorporated has a one year low of $63.37 and a one year high of $271.78. The firm has a market capitalization of $137.72 billion, a price-to-earnings ratio of 73.00, a PEG ratio of 2.12 and a beta of 1.14. The business has a 50-day simple moving average of $176.26 and a 200 day simple moving average of $162.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24.
Corning (NYSE:GLW – Get Free Report) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The company 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%.Corning’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, research analysts anticipate that Corning Incorporated will post 3.27 earnings per share for the current fiscal year.
Corning Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, August 31st. Corning’s dividend payout ratio (DPR) is currently 51.14%.
Insider Activity
In related news, CEO Wendell P. Weeks sold 100,000 shares of the firm’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 transaction, the chief executive officer owned 908,353 shares of the company’s stock, valued at approximately $169,371,500.38. This trade represents a 9.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $192.14, for a total value of $5,263,675.30. Following the transaction, the senior vice president owned 94,400 shares of the company’s stock, valued at $18,138,016. This trade represents a 22.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.25% of the company’s stock.
Key Stories Impacting Corning
Here are the key news stories impacting Corning this week:
- Positive Sentiment: Corning’s portfolio of Gorilla Glass, advanced display glass and specialty materials gives it exposure to ongoing demand for smartphones, displays, data centers and other technology applications. Can Corning’s Next-Generation Glass Innovations Propel Its Shares?
- Positive Sentiment: An investor letter from The London Company highlighted improving demand at Corning, with AI infrastructure spending supporting the broader technology and optical-components markets. Corning’s latest reported quarter also showed strong momentum, including 17.1% year-over-year revenue growth and earnings above analysts’ expectations. Improving Demand Strengthens Corning (GLW)
- Neutral Sentiment: CEO Wendell Weeks said Corning’s ability to limit tariff exposure depends on strategic supply-chain and production decisions. This may help reassure investors, although tariffs remain a potential cost and margin risk. Corning’s Tariff Immunity Comes Down to One Strategic Choice, CEO Says
- Negative Sentiment: Optics stocks sold off broadly after the Anthropic-related news and WSJ report intensified concern about AI-hardware demand and risk exposure. The sector-wide move weighed on Corning despite its company-specific growth drivers. Optics Stocks Drop on Anthropic News
- Negative Sentiment: Analysts caution that much of Corning’s AI-related success may already be priced into the stock. Its large multiyear gain and elevated earnings-based valuation increase the risk of profit-taking if growth expectations or technology spending weaken. Corning: Strong AI Growth, But Much Success Is Already Priced In
About Corning
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.
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