J. Safra Sarasin Holding AG Has $851,000 Holdings in Corning Incorporated $GLW

Key Points

• J. Safra Sarasin Holding AG cut its stake in Corning by 61.3%, selling 15,409 shares and leaving it with 9,716 shares worth $851,000 at quarter-end.
• Corporate insiders have been net sellers: CEO Wendell P. Weeks sold 137,514 shares (~$21.37M) and insiders sold 233,201 shares (~$32.6M) over the past 90 days, leaving insiders with about 0.40% ownership.
• Fundamentals and catalysts remain supportive — Corning reported a slight EPS beat and 13.9% revenue growth, struck a multiyear expansion with Meta (up to $6 billion), and carries a consensus "Moderate Buy" with price targets as high as $160.

J. Safra Sarasin Holding AG decreased its holdings in Corning Incorporated (NYSE:GLW - Free Report) by 61.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,716 shares of the electronics maker's stock after selling 15,409 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Corning were worth $851,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC boosted its position in shares of Corning by 46.0% during the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock valued at $319,000 after buying an additional 2,114 shares during the last quarter. Retirement Planning Co of New England Inc. purchased a new stake in Corning in the 1st quarter valued at $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Corning by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker's stock valued at $2,962,000 after acquiring an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Corning during the 2nd quarter valued at $401,000. Finally, Schnieders Capital Management LLC. purchased a new position in Corning during the 2nd quarter worth $266,000. Institutional investors and hedge funds own 69.80% of the company's stock.

Insider Activity

In other news, CEO Wendell P. Weeks sold 137,514 shares of the firm's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the sale, the chief executive officer owned 750,585 shares in the company, valued at $116,618,391.45. This trade represents a 15.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Edward A. Schlesinger sold 21,104 shares of Corning stock in a transaction that occurred on 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 completion of the sale, the chief financial officer directly owned 54,780 shares in the company, valued at $5,727,249. This trade represents a 27.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 233,201 shares of company stock worth $32,614,558. 0.40% of the stock is owned by insiders.

Corning Trading Up 4.9%

Shares of Corning stock opened at $142.68 on Thursday. The firm has a market cap of $122.56 billion, a PE ratio of 77.54, a P/E/G ratio of 2.15 and a beta of 1.05. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $162.10. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The stock has a fifty day moving average price of $129.26 and a 200-day moving average price of $101.07.

Corning (NYSE:GLW - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, February 27th. Corning's payout ratio is presently 60.87%.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning and Meta broke ground on a large optical cable manufacturing expansion in Hickory, NC to support AI data-center buildout under a multiyear agreement (up to $6 billion), reinforcing a clear revenue runway from AI infrastructure demand. Corning and Meta Celebrate Start of Construction on Cable Manufacturing Expansion in North Carolina to Support AI Buildout
• Positive Sentiment: Jim Cramer publicly called Corning “the best one” for the AI and data-center buildout, a high-visibility endorsement that likely boosted retail and momentum flows into GLW. Jim Cramer Chooses Corning Incorporated As “The Best One” for AI and Data Center Buildout
• Neutral Sentiment: Analyst/market write-ups highlight Corning’s strong ROE and relative outperformance vs. some tech peers, framing GLW as a cash-efficient, defensive play amid macro/geopolitical uncertainty — supportive context but not an immediate catalyst. 5 Stocks With High ROE to Buy as Iran War Crisis Refuses to Abate
• Negative Sentiment: Truist Securities initiated coverage on GLW with a Hold rating and a $125 price target, implying downside from current levels — a formal analyst view that could temper further upside and encourage profit-taking. Truist Securities initiates coverage of Corning (GLW) with hold recommendation

Analysts Set New Price Targets

GLW has been the subject of several analyst reports. Mizuho set a $145.00 target price on shares of Corning in a report on Monday, February 23rd. Susquehanna boosted their price target on shares of Corning from $100.00 to $125.00 and gave the stock a "positive" rating in a report on Thursday, January 29th. Wolfe Research set a $130.00 price objective on shares of Corning and gave the stock an "outperform" rating in a research report on Tuesday, January 27th. Morgan Stanley increased their price objective on shares of Corning from $103.00 to $127.00 and gave the company an "equal weight" rating in a research note on Monday, February 23rd. Finally, UBS Group lifted their target price on shares of Corning from $125.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $132.08.

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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