Roundview Capital LLC Acquires New Position in Corning Incorporated $GLW

Key Points

• Roundview Capital LLC opened a new position in Corning, buying 5,278 shares valued at about $462,000 in the fourth quarter.
• Several analysts raised their price targets on Corning, with firms including Barclays, Oppenheimer, Susquehanna, Morgan Stanley, and Citigroup boosting targets and maintaining generally bullish ratings. The stock now carries an average “Moderate Buy” consensus target of $177.92.
• Corning reported better-than-expected quarterly results, with EPS of $0.70 on revenue of $4.35 billion, and the company also declared a quarterly dividend of $0.28 per share payable June 29.

Roundview Capital LLC acquired a new stake in shares of Corning Incorporated (NYSE:GLW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,278 shares of the electronics maker's stock, valued at approximately $462,000.

A number of other institutional investors have also modified their holdings of the business. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Corning during the 3rd quarter valued at about $25,000. Berbice Capital Management LLC acquired a new position in Corning during the 4th quarter valued at about $26,000. Strengthening Families & Communities LLC acquired a new position in Corning during the 3rd quarter valued at about $27,000. Cornerstone Planning Group LLC boosted its stake 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 period. Finally, JPL Wealth Management LLC acquired a new position in Corning during the 3rd quarter valued at about $33,000. Institutional investors own 69.80% of the company's stock.

Insider Activity at Corning

In other news, SVP Michaune D. Tillman sold 3,260 shares of the company's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $207.02, for a total value of $674,885.20. Following the completion of the sale, the senior vice president directly owned 10,174 shares of the company's stock, valued at approximately $2,106,221.48. This represents a 24.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Soumya Seetharam sold 20,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the sale, the senior vice president directly owned 25,570 shares of the company's stock, valued at approximately $5,273,301.10. This represents a 43.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 60,655 shares of company stock valued at $12,046,561. 0.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

GLW has been the subject of a number of analyst reports. Barclays boosted their target price on shares of Corning from $149.00 to $180.00 and gave the company an "equal weight" rating in a research note on Friday, May 8th. Oppenheimer boosted their target price on shares of Corning from $120.00 to $210.00 and gave the company an "outperform" rating in a research note on Thursday, May 7th. Susquehanna boosted their target price on shares of Corning from $125.00 to $180.00 and gave the company a "positive" rating in a research note on Wednesday, April 29th. Morgan Stanley set a $180.00 target price on shares of Corning in a research note on Friday, May 8th. Finally, Citigroup boosted their target price on shares of Corning from $175.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and six have issued 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 $177.92.

Corning Trading Down 2.7%

Shares of NYSE:GLW opened at $190.97 on Thursday. The company has a 50 day moving average of $165.37 and a 200-day moving average of $125.52. The firm has a market cap of $164.35 billion, a P/E ratio of 91.37, a P/E/G ratio of 2.81 and a beta of 1.14. Corning Incorporated has a twelve month low of $48.88 and a twelve month high of $211.79. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. The business's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, analysts anticipate that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. Corning's dividend payout ratio is currently 53.59%.

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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