E. Ohman J or Asset Management AB Takes $2.53 Million Position in Corning Incorporated $GLW

Key Points

• E. Ohman J or Asset Management AB initiated a new stake in Corning (NYSE:GLW), buying 28,888 shares in Q4 valued at about $2.53 million.
• Shares rallied (trading up ~8.5%) after brokers raised ratings and price targets on expectations of rising AI-driven demand for Corning’s specialty glass and optical components; the company also beat Q4 estimates with revenue up 13.9% and set Q1 EPS guidance of $0.66–$0.70.
• Risks remain: insiders have been selling stock recently and the shares trade at an elevated P/E (~77), which could limit upside if AI demand disappoints or macro conditions tighten.

E. Ohman J or Asset Management AB purchased a new position in shares of Corning Incorporated (NYSE:GLW - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 28,888 shares of the electronics maker's stock, valued at approximately $2,529,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Corning by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 98,702,639 shares of the electronics maker's stock valued at $8,096,577,000 after buying an additional 750,530 shares during the period. State Street Corp boosted its stake in Corning by 1.2% during the third quarter. State Street Corp now owns 37,008,856 shares of the electronics maker's stock worth $3,035,836,000 after buying an additional 439,883 shares during the period. Wellington Management Group LLP boosted its stake in Corning by 30.3% during the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker's stock worth $1,358,211,000 after buying an additional 3,848,540 shares during the period. Ameriprise Financial Inc. increased its position in shares of Corning by 8.1% during the second quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker's stock valued at $724,432,000 after acquiring an additional 1,036,988 shares during the last quarter. Finally, Capital Research Global Investors purchased a new stake in shares of Corning in the 3rd quarter valued at approximately $907,164,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning Trading Up 8.5%

Shares of NYSE:GLW opened at $142.13 on Wednesday. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $162.10. The company's 50 day moving average is $123.91 and its two-hundred day moving average is $98.59. The company has a market cap of $122.09 billion, a PE ratio of 77.24, a P/E/G ratio of 2.07 and a beta of 1.05. 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 (NYSE:GLW - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $4.41 billion during the quarter, compared to analysts' expectations of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities analysts predict that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, February 27th. Corning's payout ratio is 60.87%.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Bank of America upgraded GLW to a "buy" and raised its price target to $155, citing stronger optics demand tied to AI infrastructure, which supports tighter near‑term earnings and multiple expansion. Corning (GLW) Stock Surges 5%+ as BofA Upgrades Target Amid AI Optical Expansion
• Positive Sentiment: Analyst notes and market commentary flagged rising AI demand for Corning’s specialty glass and optical components, prompting a fresh bullish view on near‑term revenue and margin outlook. That analyst-driven optimism helped lift sentiment across the tape. Corning stock jumps 9% as AI demand, analyst boost lift outlook
• Positive Sentiment: Company announcements and analyst commentary highlighted new AI‑focused optical innovations, reinforcing Corning’s positioning in data‑center and optical interconnect markets — a key growth narrative investors are buying into. Why Are Corning (GLW) Shares Soaring Today
• Neutral Sentiment: Jim Cramer mentioned GLW as a name the show’s team owns but advised buying after any pullback rather than adding immediately — a cautious endorsement that may limit immediate retail buying but supports medium‑term interest. Jim Cramer on Corning Incorporated: “We’ll Pick Some Up After the Sell, Not Before”
• Neutral Sentiment: Several retail/independent bull writeups (summarized by financial sites) are circulating a thesis that GLW’s AI exposure could drive multi‑year upside; these posts increase retail interest but are speculative and depend on sustained AI capex. Is Corning Incorporated (GLW) A Good Stock To Buy Now?
• Negative Sentiment: Valuation remains a concern—GLW’s trailing/forward P/E ratios are elevated versus historical levels, which could cap near‑term upside if AI demand disappoints or macro conditions tighten. Investors should weigh growth expectations against the stretched multiple. Is Corning Incorporated (GLW) a good stock to buy now?

Analyst Ratings Changes

Several brokerages have recently commented on GLW. Mizuho set a $145.00 price objective on shares of Corning in a report on Monday, February 23rd. Wolfe Research set a $130.00 target price on shares of Corning and gave the company an "outperform" rating in a report on Tuesday, January 27th. Citigroup boosted their target price on Corning from $120.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, February 25th. Weiss Ratings upgraded Corning from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, February 17th. Finally, Susquehanna raised their price target on Corning from $100.00 to $125.00 and gave the stock a "positive" rating in a research report on Thursday, January 29th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $132.67.

Insider Buying and Selling at Corning

In other news, CFO Edward A. Schlesinger sold 21,104 shares of the firm's stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the sale, the chief financial officer owned 54,780 shares of the company's stock, valued at approximately $5,727,249. This trade represents a 27.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lewis A. Steverson sold 15,366 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total value of $2,000,960.52. Following the sale, the executive vice president owned 3,461 shares of the company's stock, valued at approximately $450,691.42. The trade was a 81.62% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 233,201 shares of company stock worth $32,614,558. Corporate insiders own 0.32% of the company's stock.

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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