QRG Capital Management Inc. Has $33.43 Million Holdings in Corning Incorporated $GLW

Key Points

• QRG Capital Management increased its Corning stake by 15.9% in the second quarter, bringing its holdings to 130,887 shares valued at $33.43 million. Institutional investors collectively own 69.8% of Corning’s stock.
• Corning reported quarterly revenue of $4.74 billion and adjusted EPS of $0.78, exceeding analyst expectations, while revenue grew 17.1% year over year. The company guided for third-quarter EPS of $0.85–$0.89.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $176.50 versus a recent share price of $154.33. Corning’s potential exposure to AI-driven optical-fiber and data-center demand supports the outlook, though an executive share sale and a reported investor-law-firm investigation add near-term overhangs.

QRG Capital Management Inc. raised its position in Corning Incorporated (NYSE:GLW - Free Report) by 15.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,887 shares of the electronics maker's stock after purchasing an additional 17,955 shares during the quarter. QRG Capital Management Inc.'s holdings in Corning were worth $33,432,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in Corning by 22.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,479,311 shares of the electronics maker's stock valued at $377,859,000 after buying an additional 275,874 shares during the last quarter. State Street Corp boosted its position in Corning by 13.4% during the 2nd quarter. State Street Corp now owns 41,108,384 shares of the electronics maker's stock worth $10,500,315,000 after acquiring an additional 4,845,027 shares during the last quarter. Wellington Altus USA Inc. grew its stake in shares of Corning by 32.6% during the 2nd quarter. Wellington Altus USA Inc. now owns 427 shares of the electronics maker's stock worth $109,000 after acquiring an additional 105 shares in the last quarter. Reynders McVeigh Capital Management LLC bought a new position in shares of Corning during the 2nd quarter worth approximately $295,000. Finally, SkyView Investment Advisors LLC acquired a new stake in shares of Corning in the second quarter valued at approximately $255,000. 69.80% of the stock is currently owned by institutional investors.

Corning Stock Performance

Shares of GLW traded down $5.36 during midday trading on Wednesday, reaching $154.33. The stock had a trading volume of 5,520,424 shares, compared to its average volume of 12,376,643. The firm has a 50 day simple moving average of $153.20 and a 200-day simple moving average of $166.28. Corning Incorporated has a one year low of $77.05 and a one year high of $271.78. The firm has a market cap of $132.94 billion, a PE ratio of 70.47, a P/E/G ratio of 2.03 and a beta of 1.16. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59.

Corning (NYSE:GLW - Get Free Report) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.02. Corning had a net margin of 11.20% and a return on equity of 20.09%. The company had revenue of $4.74 billion for the quarter, compared to analysts' expectations of $4.63 billion. During the same period in the prior year, the firm earned $0.60 EPS. Corning's quarterly revenue was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, sell-side analysts anticipate that Corning Incorporated will post 3.28 EPS for the current year.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning is positioned to benefit from accelerating AI-related demand for optical fiber and connectivity. Analysts argue that data-center expansion, rising bandwidth requirements and the company’s specialized fiber products could justify its premium valuation. Corning: The AI Fiber Demand Makes The Premium Worth Paying
• Positive Sentiment: Meta’s planned Petal subsea cable linking the United States and France highlights the scale of future optical-network investment and reinforces Corning’s role as a supplier to AI-driven bandwidth infrastructure. Meta Platforms’ Petal Cable Puts Corning at the Center of AI’s Bandwidth Boom
• Positive Sentiment: Corning, Qualcomm and Lumentum are preparing a high-density optical die-to-die interconnect demonstration for ECOC 2026. The technology targets AI data centers requiring greater bandwidth, lower latency and improved power efficiency, potentially expanding Corning’s addressable market. Corning To Show High Density Optical Chip Links At ECOC 2026
• Neutral Sentiment: The broader AI-optics trade is showing signs of investor selectivity: Lumentum rose sharply while Corning’s performance was comparatively muted. This suggests investors may be demanding clearer evidence that Corning’s AI exposure will translate into near-term earnings growth. Lumentum Jumped Nearly 10% While Corning Barely Moved
• Negative Sentiment: Pomerantz LLP is investigating potential claims on behalf of Corning investors. The announcement does not establish wrongdoing, but it creates a legal and headline overhang that can pressure the stock and increase short-term volatility. Pomerantz Investor Alert

Insider Activity

In other news, EVP Lewis Steverson sold 13,100 shares of Corning stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the completion of the transaction, the executive vice president directly owned 15,052 shares in the company, valued at approximately $2,277,217.08. The trade was a 46.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on GLW. China Renaissance raised shares of Corning from a "hold" rating to a "buy" rating and set a $238.00 price objective on the stock in a research report on Tuesday, September 8th. Mizuho lowered their price target on shares of Corning from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 15th. Weiss Ratings cut shares of Corning from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, August 21st. Oppenheimer reduced their price objective on shares of Corning from $230.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, July 29th. Finally, UBS Group restated a "buy" rating and issued a $196.00 price objective on shares of Corning in a report on Wednesday, July 29th. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $176.50.

About Corning

Corning Incorporated NYSE: GLW is a global materials science and technology company that develops specialty glass, ceramics and optical fiber products. Founded in 1851 and headquartered in Corning, New York, the company combines expertise in glass science, ceramics science, optical physics and manufacturing to serve communications, consumer electronics, automotive, life sciences and other industrial markets.

Corning's products include optical fiber, cable and hardware used in telecommunications networks; cover glass and other components for mobile devices, laptops and other electronics; display glass for televisions and computer monitors; emissions-control products for automobiles and trucks; laboratory vessels and equipment; and specialty glass and ceramic products for industrial, semiconductor and aerospace applications.

The company serves customers worldwide through manufacturing, research and commercial operations across North America, Europe and Asia.

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.