ProShare Advisors LLC Buys 9,981 Shares of Corning Incorporated $GLW

Key Points

• ProShare Advisors LLC boosted its Corning stake by 5.9% in the fourth quarter, buying 9,981 additional shares and bringing its total holding to 177,960 shares worth about $15.6 million.
• Corning reported better-than-expected quarterly results, with EPS of $0.70 and revenue of $4.35 billion, while revenue rose 18.1% year over year. The company also guided Q2 2026 EPS at $0.73-$0.77.
• Investor and analyst sentiment remains broadly positive, with Corning benefiting from AI data center and optical networking demand; several analysts raised targets or upgraded the stock, and the consensus rating is “Moderate Buy.”

ProShare Advisors LLC increased its stake in Corning Incorporated (NYSE:GLW - Free Report) by 5.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 177,960 shares of the electronics maker's stock after buying an additional 9,981 shares during the period. ProShare Advisors LLC's holdings in Corning were worth $15,582,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Corning in the 3rd quarter worth about $25,000. Strengthening Families & Communities LLC bought a new position in Corning in the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC grew its position in 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 purchasing an additional 124 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Corning during the 3rd quarter valued at about $33,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Corning during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 69.80% of the company's stock.

Corning Stock Up 2.7%

Shares of Corning stock opened at $180.60 on Thursday. Corning Incorporated has a twelve month low of $47.67 and a twelve month high of $211.79. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The company's 50 day moving average is $159.19 and its 200 day moving average is $121.78. The company has a market cap of $155.43 billion, a price-to-earnings ratio of 86.41, a price-to-earnings-growth ratio of 2.52 and a beta of 1.14.

Corning (NYSE:GLW - Get Free Report) last posted its earnings results 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 business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm's revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Research analysts anticipate that Corning Incorporated will post 3.19 EPS for the current year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, May 29th. Corning's dividend payout ratio is 53.59%.

Insider Transactions at Corning

In other Corning news, SVP Michaune D. Tillman sold 3,260 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $207.02, for a total value of $674,885.20. Following the transaction, the senior vice president owned 10,174 shares of the company's stock, valued at approximately $2,106,221.48. This represents a 24.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Insiders sold a total of 170,774 shares of company stock worth $28,148,435 in the last ninety days. Insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

GLW has been the topic of several analyst reports. Bank of America upped their target price on shares of Corning from $155.00 to $186.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. Fox Advisors lowered shares of Corning from an "overweight" rating to an "equal weight" rating in a report on Thursday, January 29th. Barclays upped their price objective on Corning from $149.00 to $180.00 and gave the company an "equal weight" rating in a research report on Friday, May 8th. Wall Street Zen raised Corning from a "hold" rating to a "buy" rating in a report on Sunday. Finally, Zacks Research upgraded Corning from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $177.92.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Analysts and market commentary say Corning is benefiting from a surge in AI data center and high-speed network demand, with Optical Communications sales jumping 36% to $1.85 billion. Can Rising Demand for Fiber Optics Solutions Drive Corning's Growth?
• Positive Sentiment: Reports say Corning is expanding its role in AI infrastructure through multi-year optical connectivity agreements, a broad partnership with Nvidia, and plans to increase U.S. optical connectivity manufacturing capacity tenfold. Corning Leans Into AI Infrastructure Growth As Valuation And Risks Stand Out
• Positive Sentiment: Coverage around Corning’s Q1 report says the results made clear how important glass and fiber are becoming to AI infrastructure, reinforcing the company’s growth narrative. Who Knew Glass Was So Important to AI? Corning’s (GLW) Q1 Report Made It Clear
• Positive Sentiment: Zacks highlighted Corning as a strong growth stock, adding to the upbeat sentiment around the shares. Here's Why Corning (GLW) is a Strong Growth Stock
• Neutral Sentiment: Corning’s presentation at the J.P. Morgan Technology, Media and Communications Conference did not include a clear new catalyst in the headline available here, so it appears more informational than market-moving. Corning Incorporated (GLW) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Negative Sentiment: Some commentary notes that Corning’s valuation and execution risks are starting to stand out, suggesting investors may be weighing how much of the AI growth story is already priced in. Corning Leans Into AI Infrastructure Growth As Valuation And Risks Stand Out

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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