Cypress Asset Management Inc. TX bought a new position in Corning Incorporated (NYSE:GLW – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,729 shares of the electronics maker’s stock, valued at approximately $2,741,000.
A number of other institutional investors have also modified their holdings of the stock. Main Street Financial Solutions LLC raised its stake in shares of Corning by 14.0% during the second quarter. Main Street Financial Solutions LLC now owns 15,311 shares of the electronics maker’s stock valued at $3,911,000 after acquiring an additional 1,878 shares in the last quarter. Rayburn West Financial Services LLC bought a new position in Corning in the second quarter worth approximately $562,000. Figure 8 Investment Strategies LLC bought a new position in Corning in the second quarter worth approximately $4,671,000. First National Bank of Omaha purchased a new position in Corning during the 2nd quarter worth $4,652,000. Finally, Alamar Capital Management LLC purchased a new position in Corning during the 2nd quarter worth $204,000. 69.80% of the stock is owned by hedge funds and other institutional investors.
More Corning News
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
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on GLW
Corning Stock Down 7.7%
NYSE:GLW opened at $159.88 on Wednesday. The company’s 50-day simple moving average is $176.26 and its 200-day simple moving average is $162.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. Corning Incorporated has a fifty-two week low of $63.37 and a fifty-two week high of $271.78. The stock has a market capitalization of $137.72 billion, a P/E ratio of 73.00, a P/E/G ratio of 2.12 and a beta of 1.14.
Corning (NYSE:GLW – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. Corning’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, equities analysts anticipate that Corning Incorporated will post 3.27 earnings per share for the current fiscal year.
Corning Announces Dividend
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 given 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 dividend yield of 0.7%. Corning’s dividend payout ratio (DPR) is presently 51.14%.
Insiders Place Their Bets
In other Corning news, CEO Wendell P. Weeks sold 100,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total value of $18,646,000.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jaymin Amin sold 27,395 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the completion of the sale, the senior vice president directly owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. This represents a 22.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.25% of the stock is owned by company insiders.
Corning Profile
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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