Integrity Alliance LLC. Purchases 37,977 Shares of Corning Incorporated $GLW

Key Points

• Integrity Alliance LLC sharply increased its Corning stake in the fourth quarter, buying 37,977 additional shares and boosting its position by 888.6% to 42,251 shares valued at about $3.7 million.
• Corning recently reported better-than-expected quarterly results, with EPS of $0.70 versus $0.69 expected and revenue of $4.35 billion versus $4.30 billion estimated. The company also raised its Q2 2026 guidance to $0.73-$0.77 EPS.
• Despite positive analyst sentiment overall, with a consensus rating of Moderate Buy and an average price target of $177.92, several insiders sold shares recently, including SVP Soumya Seetharam and VP John Z. Zhang.

Integrity Alliance LLC. increased its position in shares of Corning Incorporated (NYSE:GLW - Free Report) by 888.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,251 shares of the electronics maker's stock after purchasing an additional 37,977 shares during the period. Integrity Alliance LLC.'s holdings in Corning were worth $3,700,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GLW. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Corning in the third quarter valued at $25,000. Berbice Capital Management LLC bought a new stake in Corning in the fourth quarter valued at $26,000. Strengthening Families & Communities LLC bought a new stake in Corning in the third quarter valued at $27,000. Cornerstone Planning Group LLC grew its position 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 acquiring an additional 124 shares during the period. Finally, JPL Wealth Management LLC bought a new stake in Corning in the third quarter valued at $33,000. 69.80% of the stock is currently owned by institutional investors.

Corning Price Performance

Corning stock opened at $190.97 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. The firm has a market cap of $164.35 billion, a P/E ratio of 91.37, a P/E/G ratio of 2.81 and a beta of 1.14. The business's fifty day moving average is $165.37 and its two-hundred day moving average is $125.52. Corning Incorporated has a 52 week low of $48.88 and a 52 week high of $211.79.

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 analysts' consensus estimates of $0.69 by $0.01. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The business's revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Equities research analysts forecast that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Dividend Announcement

The firm 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 of this dividend is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. Corning's payout ratio is currently 53.59%.

Insiders Place Their Bets

In other Corning news, SVP Soumya Seetharam sold 20,000 shares of the business's stock in a transaction on Monday, May 11th. The stock was sold at an average price of $206.23, for a total value of $4,124,600.00. Following the transaction, the senior vice president owned 25,570 shares of the company's stock, valued at approximately $5,273,301.10. The trade was a 43.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John Z. Zhang sold 10,000 shares of the company's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $198.34, for a total value of $1,983,400.00. Following the transaction, the vice president directly owned 5,138 shares in the company, valued at $1,019,070.92. This trade represents a 66.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 60,655 shares of company stock worth $12,046,561 in the last three months. Company insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

GLW has been the topic of a number of analyst reports. Truist Financial upped their price target on Corning from $125.00 to $149.00 and gave the company a "hold" rating in a research report on Wednesday, April 29th. Morgan Stanley set a $180.00 price target on Corning in a research report on Friday, May 8th. Fox Advisors cut Corning from an "overweight" rating to an "equal weight" rating in a research report on Thursday, January 29th. Mizuho upped their price target on Corning from $190.00 to $220.00 and gave the company an "outperform" rating in a research report on Tuesday, May 12th. Finally, Barclays upped their price target on Corning from $149.00 to $180.00 and gave the company an "equal weight" rating in a research report on Friday, May 8th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Corning has a consensus rating of "Moderate Buy" and an average price target of $177.92.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.