New York State Teachers Retirement System Boosts Stake in Corning Incorporated $GLW

Key Points

• New York State Teachers Retirement System boosted its stake in Corning by 3.2% in Q4, adding 18,640 shares to hold 602,538 shares valued at about $52.76 million.
• Corning beat Q1 estimates (EPS $0.70 vs. $0.69) with revenue up 18.1%, set Q2 guidance of $0.73–$0.77 EPS, and announced a $0.28 quarterly dividend (annualized $1.12).
• Shares have surged on strong demand from AI/data‑center optics, 5G and fiber tailwinds and carry a "Moderate Buy" consensus, but recent insider selling (~212,053 shares) and a high P/E (~75.7) have prompted some analyst caution and profit‑taking.

New York State Teachers Retirement System boosted its stake in shares of Corning Incorporated (NYSE:GLW - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 602,538 shares of the electronics maker's stock after buying an additional 18,640 shares during the period. New York State Teachers Retirement System owned 0.07% of Corning worth $52,758,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Joel Isaacson & Co. LLC lifted its holdings in Corning by 0.5% during the fourth quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker's stock worth $1,797,000 after buying an additional 102 shares during the period. CVA Family Office LLC lifted its holdings in Corning by 10.3% during the third quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker's stock worth $98,000 after buying an additional 111 shares during the period. Angeles Wealth Management LLC lifted its holdings in Corning by 2.8% during the third quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker's stock worth $348,000 after buying an additional 116 shares during the period. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in Corning by 37.3% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 442 shares of the electronics maker's stock worth $39,000 after buying an additional 120 shares during the period. Finally, Cornerstone Planning Group LLC lifted its holdings in Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker's stock worth $30,000 after buying an additional 124 shares during the period. Hedge funds and other institutional investors own 69.80% of the company's stock.

Corning Stock Performance

Shares of 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 fifty day moving average price of $148.66 and a 200-day moving average price of $112.83. 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 PE ratio of 75.66, a P/E/G ratio of 2.34 and a beta of 1.06.

Corning (NYSE:GLW - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating 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 firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The business'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. Equities research analysts predict that Corning Incorporated will post 3.17 earnings per share for the current fiscal year.

Corning Announces Dividend

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

Trending Headlines about Corning

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

Insider Transactions at Corning

In related news, SVP Li Fang sold 9,797 shares of the company's stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Eric S. Musser sold 25,000 shares of the company's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $110.00, for a total value of $2,750,000.00. Following the completion of the transaction, the insider directly owned 19,926 shares in the company, valued at approximately $2,191,860. The trade was a 55.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 212,053 shares of company stock worth $30,403,630 over the last 90 days. Insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GLW shares. Citigroup upped their target price on Corning from $170.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday. Wolfe Research set a $130.00 price objective on Corning and gave the company an "outperform" rating in a report on Tuesday, January 27th. Barclays increased their price objective on Corning from $100.00 to $149.00 and gave the company an "equal weight" rating in a report on Wednesday. Susquehanna increased their price objective on Corning from $125.00 to $180.00 and gave the company a "positive" rating in a report on Wednesday. Finally, HSBC reiterated a "buy" rating and set a $135.00 price objective on shares of Corning in a report on Friday, February 13th. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $150.31.

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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