NFJ Investment Group LLC Invests $15.58 Million in Corning Incorporated $GLW

Posted by Geri Gentry on Aug 21st, 2026

NFJ Investment Group LLC bought a new position in 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 bought 61,010 shares of the electronics maker’s stock, valued at approximately $15,584,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GLW. Berbice Capital Management LLC bought a new stake in Corning during the 4th quarter worth approximately $26,000. Basepoint Wealth LLC purchased a new stake in Corning in the 4th quarter worth approximately $26,000. Atwood & Palmer Inc. bought a new position in Corning in the 2nd quarter valued at $26,000. Kemnay Advisory Services Inc. bought a new position in Corning in the 4th quarter valued at $27,000. Finally, Litman Gregory Wealth Management LLC purchased a new position in shares of Corning during the 4th quarter valued at $31,000. 69.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GLW shares. Citigroup lowered their price objective on Corning from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Oppenheimer reduced their target price on Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Truist Financial upgraded Corning from a “hold” rating to a “buy” rating and decreased their target price for the stock from $205.00 to $175.00 in a research note on Sunday, August 2nd. Wall Street Zen cut Corning from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 16th. Finally, Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 7th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $174.08.

Read Our Latest Report on GLW

Corning Stock Performance

Corning stock opened at $151.49 on Friday. The firm’s fifty day moving average price is $175.43 and its 200-day moving average price is $163.44. 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 stock has a market cap of $130.49 billion, a P/E ratio of 69.17, a price-to-earnings-growth ratio of 1.95 and a beta of 1.14. Corning Incorporated has a fifty-two week low of $64.33 and a fifty-two week high of $271.78.

Corning (NYSE:GLW – Get Free Report) last announced its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. The company 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%. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, equities research analysts expect that Corning Incorporated will post 3.27 earnings per share for the current fiscal year.

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 annualized dividend and a yield of 0.7%. Corning’s payout ratio is 51.14%.

Insider Activity

In other 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 transaction of $18,646,000.00. Following the transaction, the chief executive officer directly owned 908,353 shares in the company, valued at approximately $169,371,500.38. This represents a 9.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.25% of the company’s stock.

About Corning

(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.