Nan Shan Life Insurance Co. Ltd. Acquires New Position in Corning Incorporated $GLW

Posted by Francis Steltz on Sep 2nd, 2026

Nan Shan Life Insurance Co. Ltd. bought a new stake in Corning Incorporated (NYSE:GLW – Free Report) during the second quarter, HoldingsChannel.com reports. The fund bought 111,655 shares of the electronics maker’s stock, valued at approximately $28,520,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Security National Bank raised its holdings in Corning by 340.4% in the fourth quarter. Security National Bank now owns 72,523 shares of the electronics maker’s stock valued at $6,350,000 after acquiring an additional 56,056 shares in the last quarter. Herbst Group LLC acquired a new position in Corning during the second quarter valued at $4,474,000. Principal Financial Group Inc. increased its position in Corning by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker’s stock worth $121,483,000 after purchasing an additional 10,591 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in shares of Corning by 36.2% during the 1st quarter. Wealthfront Advisers LLC now owns 92,425 shares of the electronics maker’s stock valued at $12,567,000 after acquiring an additional 24,589 shares during the last quarter. Finally, Atlas Wealth LLC boosted its stake in Corning by 137.8% during the 1st quarter. Atlas Wealth LLC now owns 12,076 shares of the electronics maker’s stock valued at $1,642,000 after purchasing an additional 6,998 shares during the period. 69.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GLW has been the subject of a number of recent analyst reports. Citigroup dropped their price target on Corning from $240.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Wall Street Zen downgraded Corning from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. Weiss Ratings downgraded shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Morgan Stanley lowered their price objective 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, Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $174.08.

Get Our Latest Research Report on GLW

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

Positive Sentiment: Corning’s second-quarter results were stronger than expected, with revenue of $4.74 billion, up 17.1% year over year, and EPS of $0.78 versus the $0.76 consensus estimate. The company has also cited increasing demand for optical fiber, data-center infrastructure and other products tied to AI and telecommunications investment. Business is Booming for Corning. Time to Buy?
Positive Sentiment: Industry research continues to identify Corning as a leading fiber-optical cable supplier, with long-term demand supported by 5G rollouts, broadband upgrades, cloud infrastructure and AI-related data-center expansion. Corning gains recognition in the global fiber optical cable market
Neutral Sentiment: Analyst opinion remains generally favorable, with a consensus “Moderate Buy” rating, although several firms have reduced price targets. This suggests confidence in Corning’s longer-term prospects but greater caution about valuation and execution.
Negative Sentiment: Broader weakness in growth and AI-linked technology stocks, alongside higher bond yields and oil prices, appears to have encouraged profit-taking after Corning’s earlier rally. Corning slides as investors appear to take profits amid a weaker tech tape
Negative Sentiment: Executive Vice President Lewis Steverson sold 13,100 shares for approximately $2.0 million, reducing his holdings by about 46.5%. The filing may have added to investor caution, particularly because recent insider activity has consisted of sales rather than purchases. SEC Form 4 insider sale

Insider Buying and Selling at Corning

In related news, CEO Wendell P. Weeks sold 100,000 shares of the stock in a transaction on 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 of the company’s stock, 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 filing with the SEC, which is available at this hyperlink. Also, EVP Lewis A. Steverson sold 13,100 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $151.29, for a total value of $1,981,899.00. Following the completion of the sale, the executive vice president directly owned 15,052 shares of the company’s stock, valued at $2,277,217.08. This trade represents a 46.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.25% of the stock is owned by corporate insiders.

Corning Stock Down 2.1%

GLW stock opened at $145.61 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. The business’s 50 day moving average price is $169.00 and its two-hundred day moving average price is $165.07. Corning Incorporated has a fifty-two week low of $66.14 and a fifty-two week high of $271.78. The company has a market capitalization of $125.43 billion, a price-to-earnings ratio of 66.49, a price-to-earnings-growth ratio of 1.90 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, beating analysts’ consensus estimates of $0.76 by $0.02. Corning had a return on equity of 20.09% and a net margin of 11.20%.The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. Corning’s revenue for the quarter was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, analysts forecast that Corning Incorporated will post 3.27 earnings per share for the current fiscal year.

Corning Announces Dividend

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

Corning 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.