PFA Pension Forsikringsaktieselskab Takes $13.52 Million Position in Corning Incorporated $GLW

Key Points

• PFA Pension Forsikringsaktieselskab initiated a new position in Corning, buying 152,177 shares worth about $13.52 million in the fourth quarter per its 13F filing.
• Corning beat Q1 estimates with $0.70 EPS on $4.35B revenue (up 18.1% YoY) and cites accelerating demand from AI/data‑center optics, while guiding Q2 EPS to $0.73–$0.77.
• Market sentiment is mixed: several firms raised targets and the consensus is a "Moderate Buy" (~$150.31 target), but concerns include a high P/E (~75.7), recent profit‑taking/criticism and significant insider selling (~187,053 shares, ~$27.65M over 90 days).

PFA Pension Forsikringsaktieselskab bought a new stake in shares of Corning Incorporated (NYSE:GLW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 152,177 shares of the electronics maker's stock, valued at approximately $13,522,000.

Other hedge funds have also recently modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Corning during the 3rd quarter valued at $25,000. Strengthening Families & Communities LLC bought a new stake in shares of Corning during the 3rd quarter valued at $27,000. Cornerstone Planning Group LLC boosted its holdings 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 valued at $30,000 after buying an additional 124 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of Corning during the 3rd quarter valued at $33,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Corning during the 4th quarter valued at $35,000. Institutional investors own 69.80% of the company's stock.

Corning News Roundup

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

Analyst Ratings Changes

GLW has been the topic of a number of research reports. UBS Group boosted their target price on shares of Corning from $125.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 20th. 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. Fox Advisors cut shares of Corning from an "overweight" rating to an "equal weight" rating in a report on Thursday, January 29th. Morgan Stanley boosted their target price on shares of Corning from $127.00 to $140.00 and gave the company an "equal weight" rating in a report on Monday, April 20th. Finally, Wall Street Zen upgraded shares of Corning from a "hold" rating to a "buy" rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.31.

Insider Activity

In other news, EVP Lewis A. Steverson sold 15,366 shares of the company's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the completion of the sale, the executive vice president owned 3,461 shares of the company's stock, valued at $450,691.42. This represents a 81.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Wendell P. Weeks sold 137,514 shares of the company's stock in a transaction dated 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 sale, the chief executive officer directly owned 750,585 shares of the company's stock, valued at $116,618,391.45. The trade was a 15.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 187,053 shares of company stock worth $27,653,630. Company insiders own 0.25% of the company's stock.

Corning Stock Performance

Shares of Corning stock opened at $158.12 on Monday. The stock has a market cap of $135.84 billion, a price-to-earnings ratio of 75.66, a PEG ratio of 2.26 and a beta of 1.14. The firm's 50-day moving average is $148.66 and its 200 day moving average is $113.22. Corning Incorporated has a 1 year low of $44.33 and a 1 year high of $179.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06.

Corning (NYSE:GLW - Get Free Report) last released its quarterly earnings results 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 net margin of 11.09% and a return on equity of 19.45%. 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 firm earned $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. Sell-side analysts anticipate that Corning Incorporated will post 3.17 EPS for the current fiscal year.

Corning Announces Dividend

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

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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