CGN Advisors LLC Takes $1.83 Million Position in Corning Incorporated $GLW

Key Points

• CGN Advisors LLC opened a new position in Corning (GLW) in Q4, buying 20,844 shares valued at about $1.83 million.
• Company insiders have been net sellers recently — SVP Li Fang sold ~9,797 shares (~$1.11M) and CFO Edward Schlesinger sold 21,104 shares (~$2.21M); insiders dumped a total of 233,201 shares (~$32.6M) in the last 90 days, with insiders now owning just 0.40% of the stock.
• Analysts are mostly bullish: the consensus is a "Moderate Buy" with an average target of $131.75 and several firms raising targets (Citigroup to $170), while the stock trades around $133 with a P/E of ~72.4.

CGN Advisors LLC acquired a new stake in shares of Corning Incorporated (NYSE:GLW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,844 shares of the electronics maker's stock, valued at approximately $1,825,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Corning by 46.0% in the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock valued at $319,000 after buying an additional 2,114 shares during the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in Corning during the first quarter worth approximately $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Corning by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker's stock worth $2,962,000 after acquiring an additional 5,522 shares during the period. Sivia Capital Partners LLC purchased a new stake in Corning in the 2nd quarter worth approximately $401,000. Finally, Schnieders Capital Management LLC. acquired a new position in Corning in the 2nd quarter valued at $266,000. Institutional investors and hedge funds own 69.80% of the company's stock.

Insider Activity

In other news, SVP Li Fang sold 9,797 shares of Corning stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total transaction of $1,112,057.47. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Edward A. Schlesinger sold 21,104 shares of the business's stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. The trade was a 27.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 233,201 shares of company stock worth $32,614,558 in the last ninety days. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GLW has been the topic of several analyst reports. Barclays set a $100.00 price objective on Corning in a report on Thursday, January 29th. Morgan Stanley upped their target price on Corning from $103.00 to $127.00 and gave the company an "equal weight" rating in a research note on Monday, February 23rd. Susquehanna increased their target price on Corning from $100.00 to $125.00 and gave the stock a "positive" rating in a research report on Thursday, January 29th. Citigroup lifted their price target on Corning from $120.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, February 25th. Finally, HSBC reaffirmed a "buy" rating and set a $135.00 price objective on shares of Corning in a research note on Friday, February 13th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $131.75.

Corning Stock Up 2.6%

Shares of Corning stock opened at $133.18 on Friday. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $162.10. The stock has a market cap of $114.26 billion, a price-to-earnings ratio of 72.38, a price-to-earnings-growth ratio of 2.05 and a beta of 1.05. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average price of $121.21 and a 200 day moving average price of $96.86.

Corning (NYSE:GLW - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The firm's revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, February 27th. Corning's dividend payout ratio (DPR) is presently 60.87%.

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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