Corning Incorporated $GLW Holdings Boosted by Chapin Davis Inc.

Key Points

• Chapin Davis Inc. boosted its position in Corning (NYSE: GLW) by 1,324.8% in Q4 to 54,711 shares (about $4.79M), making GLW its 26th largest holding.
• Corning beat Q1 estimates (EPS $0.70 vs. $0.69; revenue $4.35B) on strong optical/data‑center demand, but the stock fell ~8.9% after management guided Q2 to EPS $0.73–$0.77 and revenue around $4.6B, slightly below Street expectations.
• Sell‑side sentiment has shifted more positive—ten analysts rate the stock Buy vs. six Hold, several firms raised price targets (as high as $186), and MarketBeat shows a consensus rating of Moderate Buy with a $140.08 target.

Chapin Davis Inc. boosted its position in shares of Corning Incorporated (NYSE:GLW - Free Report) by 1,324.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,711 shares of the electronics maker's stock after purchasing an additional 50,871 shares during the period. Corning accounts for 1.1% of Chapin Davis Inc.'s investment portfolio, making the stock its 26th biggest holding. Chapin Davis Inc.'s holdings in Corning were worth $4,790,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLW. Brighton Jones LLC grew its position in Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock worth $319,000 after purchasing an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. purchased a new position in shares of Corning during the 1st quarter valued at $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Corning by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker's stock valued at $2,962,000 after acquiring an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Corning during the 2nd quarter valued at $401,000. Finally, Schnieders Capital Management LLC. purchased a new position in shares of Corning during the 2nd quarter valued at $266,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Barclays set a $100.00 price target on shares of Corning in a report on Thursday, January 29th. Weiss Ratings upgraded shares of Corning from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, February 17th. Susquehanna boosted their price target on shares of Corning from $100.00 to $125.00 and gave the company a "positive" rating in a report on Thursday, January 29th. JPMorgan Chase & Co. cut shares of Corning from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $115.00 to $175.00 in a report on Thursday, April 16th. Finally, Bank of America boosted their price target on shares of Corning from $155.00 to $186.00 and gave the company a "buy" rating in a report on Monday, April 20th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.08.

Corning Stock Down 8.9%

GLW stock opened at $152.98 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 1 year low of $42.00 and a 1 year high of $179.08. The company has a fifty day simple moving average of $147.58 and a 200 day simple moving average of $112.19. The firm has a market cap of $131.42 billion, a PE ratio of 83.14, a PEG ratio of 2.41 and a beta of 1.06.

Corning (NYSE:GLW - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the previous year, the business earned $0.54 EPS. Corning's quarterly revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts anticipate that Corning Incorporated will post 3.15 EPS for the current fiscal year.

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, February 27th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, February 27th. Corning's payout ratio is presently 60.87%.

Insiders Place Their Bets

In related news, VP John Z. Zhang sold 1,531 shares of Corning stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total value of $204,771.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Wendell P. Weeks sold 137,514 shares of Corning stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the sale, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 233,201 shares of company stock worth $32,614,558 in the last 90 days. 0.25% of the stock is owned by corporate insiders.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Q1 results beat and drove underlying momentum — Core sales grew ~18% to ~$4.35B, core EPS rose ~30% to $0.70, net income roughly doubled year‑over‑year, with Optical Communications up ~36% and Solar up ~80%, driven by Gen AI and hyperscale demand. BusinessWire: Corning Announces Strong Q1
• Positive Sentiment: Company emphasizes AI/data‑center strength and new customer ramps — management highlighted large hyperscale customer wins and continued Gen AI-driven optical demand that underpin longer‑term visibility for the optical segment. WSJ: Corning Profit, Core Revenue Rises
• Neutral Sentiment: Earnings call transcript and slide deck provide detail on segment trends and margin drivers — useful for modeling but did not materially change the forward picture. Seeking Alpha: Q1 2026 Earnings Call Transcript
• Negative Sentiment: Q2 revenue guidance came in below Street expectations — management guided Q2 revenue around $4.6B and EPS $0.73–0.77, leaving revenue slightly under analysts’ projections and EPS near/just below consensus, which spooked short‑term holders. Yahoo Finance: Q2 Guidance Miss
• Negative Sentiment: Weakness outside optical — consumer electronics / non‑optical end markets remain soft, creating a growth mix risk if optical demand slows; analysts flagged this as a reason to trim near‑term estimates. Reuters: Consumer Electronics Drag
• Negative Sentiment: Market reaction intensified by sector volatility — strong rally ahead of results left the stock extended, and broader worries about AI capex (recent OpenAI report noise) amplified the sell‑off despite the beat. 247WallSt: AI CapEx Trade Risk
• Negative Sentiment: Immediate price move reflected profit‑taking and guidance disappointment — multiple outlets reported a double‑digit intraday drop as investors re‑priced growth expectations despite solid Q1 metrics. CNBC: Shares Slide on Earnings

Corning Company 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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