Corning Incorporated $GLW Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its stake in Corning Incorporated (NYSE:GLW) by 18.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 87,391 shares of the electronics maker’s stock after purchasing an additional 13,552 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Corning were worth $7,670,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Corning during the third quarter worth about $25,000. Strengthening Families & Communities LLC purchased a new stake in Corning during the third quarter worth about $27,000. Cornerstone Planning Group LLC increased its stake 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 purchasing an additional 124 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Corning during the fourth quarter worth about $35,000. Finally, JPL Wealth Management LLC purchased a new stake in Corning during the third quarter worth about $33,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GLW shares. UBS Group boosted their price target on shares of Corning from $179.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Morgan Stanley set a $180.00 price target on shares of Corning in a research note on Friday, May 8th. Susquehanna boosted their price target on shares of Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Zacks Research upgraded shares of Corning from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Finally, Truist Financial boosted their price target on shares of Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and a consensus price target of $177.92.

Insider Activity

In related news, CEO Wendell P. Weeks sold 137,514 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $116,618,391.45. This represents a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michaune D. Tillman sold 3,260 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $207.02, for a total transaction of $674,885.20. Following the sale, the senior vice president owned 10,174 shares in the company, valued at $2,106,221.48. The trade was a 24.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 170,774 shares of company stock valued at $28,148,435 over the last three months. 0.25% of the stock is currently owned by corporate insiders.

Corning Stock Up 2.7%

GLW stock opened at $180.60 on Thursday. The company’s 50 day moving average price is $159.19 and its 200 day moving average price is $121.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. Corning Incorporated has a fifty-two week low of $47.67 and a fifty-two week high of $211.79. The firm has a market capitalization of $155.43 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 2.52 and a beta of 1.14.

Corning (NYSE:GLW) last released its 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. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities research analysts anticipate that Corning Incorporated will post 3.19 EPS 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 paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, May 29th. Corning’s dividend payout ratio is presently 53.59%.

Key Headlines 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.