Hollencrest Capital Management Lowers Holdings in Corning Incorporated $GLW

Posted by Stanley Muller on Aug 30th, 2026

Hollencrest Capital Management lowered its stake in shares of Corning Incorporated (NYSE:GLW – Free Report) by 23.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,505 shares of the electronics maker’s stock after selling 6,146 shares during the period. Hollencrest Capital Management’s holdings in Corning were worth $5,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Greenleaf Trust boosted its position in shares of Corning by 2.5% during the second quarter. Greenleaf Trust now owns 13,484 shares of the electronics maker’s stock worth $3,444,000 after acquiring an additional 326 shares during the last quarter. New Mexico Educational Retirement Board increased its holdings in Corning by 7.8% in the 2nd quarter. New Mexico Educational Retirement Board now owns 38,906 shares of the electronics maker’s stock valued at $9,938,000 after acquiring an additional 2,800 shares during the last quarter. Royal London Asset Management Ltd. increased its holdings in Corning by 0.6% in the 2nd quarter. Royal London Asset Management Ltd. now owns 343,167 shares of the electronics maker’s stock valued at $87,655,000 after acquiring an additional 2,197 shares during the last quarter. Mufg Securities Americas Inc. lifted its stake in Corning by 9.2% in the 2nd quarter. Mufg Securities Americas Inc. now owns 23,588 shares of the electronics maker’s stock worth $6,025,000 after purchasing an additional 1,985 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. lifted its stake in Corning by 3.8% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 15,862 shares of the electronics maker’s stock worth $4,052,000 after purchasing an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

GLW has been the subject of a number of research analyst reports. UBS Group restated a “buy” rating and set a $196.00 price objective on shares of Corning in a research report on Wednesday, July 29th. Weiss Ratings lowered Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Wall Street Zen cut Corning from a “buy” rating to a “hold” rating in a report on Monday, August 24th. Mizuho reduced their price objective on Corning from $270.00 to $210.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. Finally, Morgan Stanley decreased their price objective on Corning from $180.00 to $165.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Corning presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.08.

Get Our Latest Stock Analysis on Corning

Insider Buying and Selling at Corning

In other news, CEO Wendell P. Weeks sold 100,000 shares of the stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.

Corning Trading Down 2.6%

GLW stock opened at $148.87 on Friday. Corning Incorporated has a twelve month low of $66.14 and a twelve month high of $271.78. The stock has a market capitalization of $128.23 billion, a price-to-earnings ratio of 67.98, a price-to-earnings-growth ratio of 1.91 and a beta of 1.14. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $171.18 and its two-hundred day simple moving average is $164.60.

Corning (NYSE:GLW – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.76 by $0.02. Corning had a net margin of 11.20% and a return on equity of 20.09%. The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the prior year, the firm posted $0.60 EPS. The firm’s revenue 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 anticipate that Corning Incorporated will post 3.27 earnings per share for the current year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.8%. Corning’s dividend payout ratio is currently 51.14%.

Corning Company 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.