Corning Incorporated $GLW Shares Sold by Strs Ohio

Key Points

• Strs Ohio reduced its stake in Corning by 39.1%, selling 179,666 shares in Q4 and retaining 279,703 shares valued at about $24.49 million.
• Corning beat Q1 estimates (EPS $0.70 vs. $0.69; revenue $4.35B, +18.1% Y/Y), set Q2 guidance of $0.73–$0.77 and is seeing accelerating demand from AI/data‑center optics, but the stock has faced profit‑taking and mixed analyst views (consensus "Moderate Buy", $150.31 PT).
• Insiders have been net sellers—212,053 shares sold over the last 90 days (~$30.4M)—while institutional investors own about 69.8% of the company.

Strs Ohio decreased its holdings in Corning Incorporated (NYSE:GLW - Free Report) by 39.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 279,703 shares of the electronics maker's stock after selling 179,666 shares during the quarter. Strs Ohio's holdings in Corning were worth $24,491,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GLW. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Corning in the 3rd quarter worth about $25,000. Strengthening Families & Communities LLC acquired a new position in Corning in the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC raised its holdings in Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker's stock worth $30,000 after purchasing an additional 124 shares during the period. JPL Wealth Management LLC acquired a new position in Corning in the 3rd quarter worth about $33,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Corning in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 69.80% of the company's stock.

Corning Price Performance

NYSE:GLW opened at $158.12 on Friday. Corning Incorporated has a 12 month low of $44.33 and a 12 month high of $179.08. The stock has a 50 day moving average of $148.66 and a two-hundred day moving average of $113.02. The company has a current ratio of 1.61, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm has a market cap of $135.84 billion, a P/E ratio of 75.66, a price-to-earnings-growth ratio of 2.26 and a beta of 1.14.

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

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be given a $0.28 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. Corning's dividend payout ratio is 53.59%.

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

Wall Street Analyst Weigh In

GLW has been the subject of a number of analyst reports. HSBC reaffirmed a "buy" rating and issued a $135.00 price target on shares of Corning in a report on Friday, February 13th. Weiss Ratings upgraded Corning from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, February 17th. UBS Group boosted their price objective on Corning from $125.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, February 20th. Wall Street Zen upgraded Corning from a "hold" rating to a "buy" rating in a research note on Friday, January 23rd. Finally, Bank of America boosted their price objective on Corning from $155.00 to $186.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Corning has an average rating of "Moderate Buy" and a consensus price target of $150.31.

Insiders Place Their Bets

In other news, VP John Z. Zhang sold 1,531 shares of the company's stock in a transaction that occurred on Thursday, February 12th. The stock was 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 can be accessed through the SEC website. Also, COO Avery H. Nelson III sold 1,583 shares of the company's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $128.74, for a total value of $203,795.42. Following the completion of the sale, the chief operating officer owned 59,788 shares of the company's stock, valued at $7,697,107.12. This trade represents a 2.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 212,053 shares of company stock valued at $30,403,630. Insiders own 0.25% of the company's stock.

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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