Cooper Haims Advisors LLC Takes Position in Corning Incorporated $GLW

Key Points

• Cooper Haims Advisors LLC initiated a position in Corning, purchasing 8,210 shares valued at approximately $2.1 million. Corning now represents about 0.9% of the firm’s portfolio, while institutional investors collectively own 69.8% of the stock.
• Corning reported quarterly earnings of $0.78 per share, beating estimates by $0.02, with revenue rising 17.1% year over year to $4.74 billion. The company issued third-quarter 2026 EPS guidance of $0.85–$0.89.
• Analyst sentiment remains positive but mixed, with Corning carrying a “Moderate Buy” consensus rating and an average price target of $174.08. The company also declared a quarterly dividend of $0.28 per share, representing a 0.8% annualized yield.

Cooper Haims Advisors LLC bought a new position in shares of Corning Incorporated (NYSE:GLW - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,210 shares of the electronics maker's stock, valued at approximately $2,097,000. Corning comprises approximately 0.9% of Cooper Haims Advisors LLC's portfolio, making the stock its 16th biggest position.

Several other large investors have also made changes to their positions in GLW. Norges Bank acquired a new stake in Corning in the fourth quarter worth about $921,435,000. Bank of New York Mellon Corp acquired a new position in Corning during the 2nd quarter valued at about $1,510,911,000. Capital Research Global Investors lifted its position in Corning by 52.7% during the 4th quarter. Capital Research Global Investors now owns 16,890,802 shares of the electronics maker's stock valued at $1,478,959,000 after purchasing an additional 5,831,873 shares during the period. Legal & General Group Plc bought a new position in shares of Corning in the 2nd quarter valued at about $1,212,283,000. Finally, Deutsche Bank AG acquired a new stake in shares of Corning during the 2nd quarter worth approximately $612,763,000. Institutional investors and hedge funds own 69.80% of the company's stock.

Insiders Place Their Bets

In other Corning news, CEO Wendell P. Weeks sold 100,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 908,353 shares of the company's stock, valued at approximately $169,371,500.38. The trade was a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.25% of the company's stock.

Corning Stock Up 1.3%

Shares of NYSE GLW opened at $147.45 on Wednesday. The stock has a market cap of $127.01 billion, a P/E ratio of 67.33, a P/E/G ratio of 1.86 and a beta of 1.14. The firm has a 50 day moving average price of $173.41 and a 200 day moving average price of $164.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. Corning Incorporated has a 52-week low of $66.14 and a 52-week high of $271.78.

Corning (NYSE:GLW - Get Free Report) last posted its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. The company had revenue of $4.74 billion for 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 business's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Analysts expect that Corning Incorporated will post 3.27 EPS for the current year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Corning's dividend payout ratio (DPR) is presently 51.14%.

Analyst Ratings Changes

GLW has been the subject of a number of recent research reports. Truist Financial raised shares of Corning from a "hold" rating to a "buy" rating and dropped their price target for the stock from $205.00 to $175.00 in a research note on Sunday, August 2nd. Morgan Stanley lowered their target price on shares of Corning from $180.00 to $165.00 and set an "equal weight" rating for the company in a report on Wednesday, July 29th. Wall Street Zen cut shares of Corning from a "buy" rating to a "hold" rating in a research report on Monday. UBS Group reissued a "buy" rating and issued a $196.00 price target on shares of Corning in a research note on Wednesday, July 29th. Finally, Zacks Research lowered Corning from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Corning has an average rating of "Moderate Buy" and an average target price of $174.08.

About Corning

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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