Corning Incorporated $GLW Shares Acquired by Danske Bank A S

Key Points

• Danske Bank A/S raised its stake in Corning by 3.8% to 425,494 shares, holdings valued at about $37.26 million at the end of the quarter.
• Corning slightly beat Q1 estimates (EPS $0.70 vs. $0.69; revenue $4.35B vs. $4.30B) with revenue up 18.1% and accelerating demand from AI/data‑center optics, and it set Q2 guidance of $0.73–$0.77 EPS.
• Company insiders have been net sellers (212,053 shares sold, roughly $30.4M, in the last 90 days), institutional ownership stands at about 69.8%, and analysts' consensus is a "Moderate Buy" with a $150.31 target.

Danske Bank A S increased its position in shares of Corning Incorporated (NYSE:GLW - Free Report) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 425,494 shares of the electronics maker's stock after buying an additional 15,439 shares during the period. Danske Bank A S's holdings in Corning were worth $37,256,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC increased its position in shares of Corning by 0.5% in the 4th quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker's stock valued at $1,797,000 after purchasing an additional 102 shares during the last quarter. CVA Family Office LLC lifted its position in shares of Corning by 10.3% during the 3rd quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker's stock worth $98,000 after purchasing an additional 111 shares during the last quarter. Angeles Wealth Management LLC grew its stake in shares of Corning by 2.8% during the third quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker's stock worth $348,000 after purchasing an additional 116 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of Corning by 37.3% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 442 shares of the electronics maker's stock worth $39,000 after purchasing an additional 120 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in Corning by 58.5% in the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker's stock valued at $30,000 after buying an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company's stock.

Key Corning News

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

Insider Buying and Selling

In other news, insider Eric S. Musser sold 15,000 shares of Corning stock in a transaction on Monday, February 9th. The shares were sold at an average price of $130.25, for a total value of $1,953,750.00. Following the transaction, the insider directly owned 4,926 shares of the company's stock, valued at $641,611.50. The trade was a 75.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John Z. Zhang sold 1,531 shares of the company's stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total transaction of $204,771.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 212,053 shares of company stock valued at $30,403,630 in the last 90 days. Company insiders own 0.25% of the company's stock.

Corning Stock Performance

NYSE GLW opened at $158.12 on Friday. The company has a fifty day moving average of $148.66 and a two-hundred day moving average of $112.83. The company has a market capitalization of $135.84 billion, a PE ratio of 75.66, a P/E/G ratio of 2.34 and a beta of 1.14. Corning Incorporated has a 1 year low of $44.33 and a 1 year high of $179.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.04.

Corning (NYSE:GLW - Get Free Report) last posted its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The business had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business's 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. As a group, analysts expect that Corning Incorporated will post 3.17 earnings per share for the current year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be paid a $0.28 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. Corning's payout ratio is currently 60.87%.

Analysts Set New Price Targets

A number of analysts have issued reports on GLW shares. Susquehanna lifted their price target on Corning from $125.00 to $180.00 and gave the stock a "positive" rating in a report on Wednesday. Zacks Research upgraded Corning from a "hold" rating to a "strong-buy" rating in a report on Monday, April 27th. Wall Street Zen raised Corning from a "hold" rating to a "buy" rating in a research report on Friday, January 23rd. Mizuho set a $145.00 target price on Corning in a research note on Monday, February 23rd. Finally, Oppenheimer set a $120.00 price target on shares of Corning in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Corning presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.31.

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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