211,827 Shares of Corning Incorporated $GLW Bought by Mirae Asset Global Investments Co. Ltd.

Posted by Brenda Bartman on Nov 3rd, 2026

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Corning Incorporated (NYSE:GLW – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 211,827 shares of the electronics maker’s stock, valued at approximately $32,571,000.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in Corning by 13.4% in the second quarter. State Street Corp now owns 41,108,384 shares of the electronics maker’s stock valued at $10,500,315,000 after purchasing an additional 4,845,027 shares during the period. Bank of America Corp DE lifted its stake in shares of Corning by 29.2% in the 2nd quarter. Bank of America Corp DE now owns 18,730,616 shares of the electronics maker’s stock valued at $4,784,361,000 after purchasing an additional 4,231,507 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Corning by 50.9% in the 2nd quarter. Wellington Management Group LLP now owns 13,174,194 shares of the electronics maker’s stock valued at $3,365,084,000 after purchasing an additional 4,446,514 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Corning during the 2nd quarter worth $1,510,911,000. Finally, Legal & General Group Plc purchased a new position in shares of Corning during the 2nd quarter worth $1,212,283,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GLW. Sanford C. Bernstein initiated coverage on shares of Corning in a research note on Wednesday, September 30th. They set a “market perform” rating and a $140.00 target price for the company. Truist Financial reissued a “buy” rating and issued a $175.00 price target (down from $182.00) on shares of Corning in a research note on Wednesday, October 28th. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. China Renaissance upgraded shares of Corning from a “hold” rating to a “buy” rating and set a $238.00 price objective on the stock in a report on Tuesday, September 8th. Finally, The Goldman Sachs Group reaffirmed an “outperform” rating on shares of Corning in a research report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $175.81.

Get Our Latest Research Report on Corning

Insider Activity at Corning

In other news, EVP Lewis Steverson sold 13,100 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the completion of the transaction, the executive vice president directly owned 15,052 shares of the company’s stock, valued at approximately $2,277,217.08. The trade was a 46.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Corning Trading Up 0.2%

NYSE:GLW opened at $123.51 on Tuesday. The firm has a market cap of $106.39 billion, a PE ratio of 50.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.13. The stock has a fifty day moving average price of $147.35 and a 200 day moving average price of $155.13. Corning Incorporated has a 12-month low of $77.39 and a 12-month high of $271.78. The company has a current ratio of 1.72, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51.

Corning (NYSE:GLW – Get Free Report) last released its earnings results on Tuesday, October 27th. The electronics maker reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. Corning had a return on equity of 20.83% and a net margin of 12.13%. The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the previous year, the firm posted $0.67 EPS. Corning’s revenue for the quarter was up 18.9% on a year-over-year basis. Sell-side analysts anticipate that Corning Incorporated will post 3.37 earnings per share for the current fiscal year.

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 13th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th. Corning’s dividend payout ratio (DPR) is presently 45.34%.

About Corning

(Free Report)

Corning Incorporated (NYSE: GLW) is a technology company that develops and manufactures specialty glass, ceramics and optical-fiber products. Its materials and engineering expertise support communications networks, consumer electronics, automotive systems, life sciences and other industrial applications.

The company’s products include optical fiber, cable and connectivity solutions used in telecommunications infrastructure; glass substrates for televisions, computer monitors and other displays; durable cover glass for mobile devices; emissions-control components for vehicles; laboratory glassware and consumables; and specialized glass and ceramic materials for scientific, industrial and semiconductor applications.

Founded in 1851 and headquartered in Corning, New York, the company serves customers through operations and facilities across North America, Europe, Asia and other international markets.