Advanced Asset Management Advisors Inc Sells 22,200 Shares of Corning Incorporated $GLW

Key Points

• Advanced Asset Management Advisors Inc cut its stake in Corning by 16.5%, selling 22,200 shares and leaving it with 112,600 shares worth about $9.86 million, representing 2.7% of the fund’s portfolio and its 15th largest holding.
• Corning beat Q1 estimates (EPS $0.70 vs. $0.69; revenue $4.35B vs. $4.30B), reported 18.1% revenue growth year‑over‑year, and set Q2 guidance of $0.730–$0.770 EPS as analysts point to AI/data‑center optics and 5G/fiber demand as key drivers.
• Notable insider and institutional activity: insiders sold 212,053 shares (~$30.4M) in the past three months including the CEO, institutions own about 69.8% of the stock, and analysts maintain a consensus “Moderate Buy” with a ~$150.31 price target.

Advanced Asset Management Advisors Inc decreased its position in Corning Incorporated (NYSE:GLW - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,600 shares of the electronics maker's stock after selling 22,200 shares during the period. Corning accounts for 2.7% of Advanced Asset Management Advisors Inc's portfolio, making the stock its 15th largest position. Advanced Asset Management Advisors Inc's holdings in Corning were worth $9,859,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Capital Research Global Investors acquired a new stake in shares of Corning during the third quarter worth about $907,164,000. WCM Investment Management LLC acquired a new stake in shares of Corning during the third quarter worth about $676,931,000. Wellington Management Group LLP raised its position in shares of Corning by 30.3% during the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker's stock worth $1,358,211,000 after purchasing an additional 3,848,540 shares during the period. Polar Capital Holdings Plc raised its position in shares of Corning by 141.2% during the third quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker's stock worth $329,035,000 after purchasing an additional 2,348,125 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Corning during the third quarter worth about $185,221,000. Institutional investors own 69.80% of the company's stock.

Corning Stock Performance

NYSE:GLW opened at $158.12 on Friday. The stock has a fifty day moving average price of $148.66 and a 200-day moving average price of $112.83. The company has a market cap of $135.84 billion, a price-to-earnings ratio of 75.66, a PEG ratio of 2.34 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.61. Corning Incorporated has a fifty-two week low of $44.33 and a fifty-two week high of $179.08.

Corning (NYSE:GLW - Get Free Report) last released its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company's revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, equities analysts anticipate that Corning Incorporated will post 3.17 EPS for the current fiscal year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. Corning's payout ratio is 60.87%.

Insider Activity at Corning

In other news, CEO Wendell P. Weeks sold 137,514 shares of the business's stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the transaction, the chief executive officer owned 750,585 shares of the company's stock, valued at approximately $116,618,391.45. The trade was a 15.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric S. Musser sold 25,000 shares of the business's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $110.00, for a total value of $2,750,000.00. Following the transaction, the insider directly owned 19,926 shares of the company's stock, valued at $2,191,860. This trade represents a 55.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 212,053 shares of company stock worth $30,403,630 in the last three months. Insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GLW. Fox Advisors lowered Corning from an "overweight" rating to an "equal weight" rating in a research report on Thursday, January 29th. Wolfe Research set a $130.00 price target on Corning and gave the stock an "outperform" rating in a research report on Tuesday, January 27th. Oppenheimer set a $120.00 price target on Corning in a research report on Thursday, January 29th. Morgan Stanley raised their price target on Corning from $127.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, April 20th. Finally, HSBC reaffirmed a "buy" rating and set a $135.00 price target on shares of Corning in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.31.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Q1 results and AI tailwinds: Corning reported stronger-than-expected Q1 core sales with accelerating demand from AI/data‑center optics, which underpins the stock’s large rally and longer-term upside from 5G and fiber expansion. Trefis: Is Corning Stock A Buy At 50 Times Earnings?
• Positive Sentiment: Sector/momentum bullishness: Analysts and screens (Zacks) highlight Corning as a momentum/communication‑components play to tap booming AI, 5G and fiber demand, supporting renewed investor interest. Zacks: Buy 2 Communication Component Stocks
• Neutral Sentiment: Dividend maintained: Board declared a quarterly dividend of $0.28 per share (payable June 29, record May 29). The yield is modest but supports income investors. Yahoo Finance: Corning Announces Quarterly Dividend
• Neutral Sentiment: Market context: MarketBeat and other commentary flag Corning as an AI beneficiary but note a technical pullback after a steep run; some view today’s decline as a potentially buyable dip if AI demand persists. MarketBeat Week in Review
• Negative Sentiment: Analyst caution: Truist trimmed its stance to a Hold, signaling less near‑term conviction and adding pressure after a large multi‑month gain. Globe and Mail: Corning Receives a Hold from Truist
• Negative Sentiment: High‑profile criticism and profit‑taking: Jim Cramer characterized Corning’s move as an “Icarus moment,” and media pieces note the story “getting more complicated,” prompting selling after a roughly 250% one‑year rally. Yahoo: Jim Cramer on Corning TheStreet: Corning stock falls

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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