Corning Incorporated $GLW Stake Cut by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management trimmed its Corning stake by 6.3% in Q4, selling 113,147 shares and leaving it with 1,674,097 shares worth about $151.8 million (≈0.20% ownership).
• Corning secured a major multiyear NVIDIA partnership — including a $500M-linked investment and plans for three new U.S. plants — which materially de‑risks and boosts revenue visibility for its photonics and fiber expansion.
• Analysts have raised price targets (Susquehanna to $180; several others to $140–$180), giving Corning a consensus rating of “Moderate Buy” (avg target $150.31) after a Q1 beat and Q2 guidance, though valuation is elevated (P/E ~86.8) and insiders sold roughly 177,256 shares (~$26.5M) last quarter.

Mitsubishi UFJ Asset Management Co. Ltd. reduced its holdings in Corning Incorporated (NYSE:GLW - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,674,097 shares of the electronics maker's stock after selling 113,147 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Corning worth $151,790,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Joel Isaacson & Co. LLC lifted its stake in Corning by 0.5% in the 4th quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker's stock worth $1,797,000 after acquiring an additional 102 shares in the last quarter. CVA Family Office LLC lifted its stake in Corning by 10.3% in the 3rd quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker's stock worth $98,000 after acquiring an additional 111 shares in the last quarter. Angeles Wealth Management LLC raised its stake in shares of Corning by 2.8% during the 3rd 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 raised its stake in shares of Corning by 37.3% during the 4th 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 raised its stake in shares of Corning by 58.5% during 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 in the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GLW shares. Susquehanna raised their price target on Corning from $125.00 to $180.00 and gave the stock a "positive" rating in a research note on Wednesday, April 29th. Weiss Ratings raised Corning from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, February 17th. Truist Financial raised their price target on Corning from $125.00 to $149.00 and gave the stock a "hold" rating in a research note on Wednesday, April 29th. Barclays raised their price target on Corning from $100.00 to $149.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley raised their price target on Corning from $127.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Corning has a consensus rating of "Moderate Buy" and an average price target of $150.31.

Insiders Place Their Bets

In related news, COO Avery H. Nelson III sold 1,583 shares of the business's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total value of $203,795.42. Following the sale, the chief operating officer owned 59,788 shares of the company's stock, valued at $7,697,107.12. The trade was a 2.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the transaction, the insider owned 4,926 shares of the company's stock, valued at approximately $641,611.50. The trade was a 75.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 177,256 shares of company stock worth $26,541,572 over the last quarter. Corporate insiders own 0.25% of the company's stock.

Corning Stock Performance

GLW opened at $181.31 on Thursday. The firm has a market capitalization of $156.04 billion, a P/E ratio of 86.75, a price-to-earnings-growth ratio of 2.31 and a beta of 1.14. The stock's 50 day moving average price is $149.84 and its two-hundred day moving average price is $114.41. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 12-month low of $44.33 and a 12-month high of $195.81.

Corning (NYSE:GLW - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share 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 for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm earned $0.54 EPS. Corning's revenue for the quarter was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities analysts forecast that Corning Incorporated will post 3.17 earnings per share for the current year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 annualized dividend and a yield of 0.6%. Corning's payout ratio is currently 53.59%.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: NVIDIA committed a major, multiyear commercial and technology partnership that includes a $500M-linked investment and will fund/anchor expanded U.S. production of advanced optical connectivity, with plans for three new plants to support AI data centers. Corning Upgrades and Extends Springboard Plan (BusinessWire)
• Positive Sentiment: The transaction structure (warrants/pre-funded warrants and framework options) materially de‑risks Corning’s large-capacity buildout by securing a strategic buyer and potential incremental capital from NVIDIA, improving revenue visibility for photonics and fiber. Light Speed Returns: Corning Cashes In on NVIDIA Growth (MarketBeat)
• Neutral Sentiment: Management upgraded and extended its Springboard plan at an investor event, accelerating targets (a $20B annualized run rate by end‑2026 and higher longer‑term goals, plus a new Photonics platform). This reframes Corning toward AI infrastructure exposure but shifts the business mix significantly. Corning raises and extends Springboard targets (Seeking Alpha)
• Neutral Sentiment: Corning posted a Q1 beat and provided Q2 EPS guidance; analysts are updating models (Truist raised its price target but kept a Hold), which supports optimism while leaving some Street caution. Is Corning One of the Best Performing Dividend Stocks So Far in 2026 (Yahoo)
• Negative Sentiment: Valuation is elevated after the rally (trailing and forward P/Es expanded), increasing sensitivity to execution and forward earnings delivery—investors may demand follow‑through in orders and margins to justify current multiples. GLW Stock Overview (MarketBeat)
• Negative Sentiment: Execution and financing risks remain: large-scale plant builds, supply‑chain scaling and potential dilution from warrants/shelf filings could pressure near‑term cash flow or shares if capital is issued. These are watch areas despite anchor commitments. Corning partners with Nvidia to expand US fiber optic output (Reuters)

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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