Frank Rimerman Advisors LLC Acquires 4,698 Shares of Corning Incorporated $GLW

Frank Rimerman Advisors LLC raised its holdings in shares of Corning Incorporated (NYSE:GLW) by 37.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 17,317 shares of the electronics maker’s stock after acquiring an additional 4,698 shares during the period. Frank Rimerman Advisors LLC’s holdings in Corning were worth $2,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GLW. Vanguard Group Inc. lifted its position in Corning by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 99,283,317 shares of the electronics maker’s stock valued at $8,693,247,000 after purchasing an additional 580,678 shares during the last quarter. State Street Corp grew its holdings in shares of Corning by 1.2% in the third quarter. State Street Corp now owns 37,008,856 shares of the electronics maker’s stock worth $3,035,836,000 after purchasing an additional 439,883 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Corning by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 20,411,824 shares of the electronics maker’s stock worth $1,781,250,000 after buying an additional 517,067 shares during the period. Capital Research Global Investors increased its stake in shares of Corning by 52.7% in the fourth quarter. Capital Research Global Investors now owns 16,890,802 shares of the electronics maker’s stock worth $1,478,959,000 after buying an additional 5,831,873 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Corning by 30.3% during the 3rd quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after buying an additional 3,848,540 shares during the last quarter. 69.80% of the stock is owned by institutional investors.

Corning Stock Down 0.7%

GLW stock opened at $184.17 on Thursday. Corning Incorporated has a fifty-two week low of $51.32 and a fifty-two week high of $271.78. The company has a market capitalization of $158.50 billion, a price-to-earnings ratio of 88.12, a price-to-earnings-growth ratio of 2.43 and a beta of 1.09. The business’s 50 day moving average price is $191.61 and its two-hundred day moving average price is $148.94. 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 (NYSE:GLW) last released its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the business posted $0.54 EPS. The firm’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. As a group, analysts forecast that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 annualized dividend and a yield of 0.6%. Corning’s dividend payout ratio (DPR) is currently 53.59%.

Analyst Upgrades and Downgrades

GLW has been the subject of several recent analyst reports. Citigroup upped their price objective 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. Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price objective on Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Oppenheimer boosted their target price on Corning from $210.00 to $230.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Wall Street Zen lowered Corning from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.54.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Analysts continue to view Corning as a beneficiary of AI infrastructure spending, citing strong demand for optical networking and AI connectivity products. Corning Stock’s AI-Driven Selloff Has Wall Street Seeing Opportunity
• Positive Sentiment: Bank of America reportedly raised its price target on GLW to $243, signaling continued analyst confidence despite recent weakness. Corning (NYSE:GLW) Price Target Raised to $243.00 at Bank of America
• Positive Sentiment: Corning’s growth outlook is being supported by AI connectivity demand and optical segment expansion, with one analyst note calling GLW a better long-term pick than Bandwidth. GLW vs. BAND: Which AI Connectivity Stock is the Better Buy Now?
• Positive Sentiment: Corning’s automotive glass and ceramic technologies could add another growth driver as automakers invest in lighter, safer, and more connected vehicles. Can GLW’s Next-Generation Automotive Solutions Drive Future Growth?
• Neutral Sentiment: Index changes are reshaping Corning’s market profile, with the company added to several growth and larger-cap benchmarks and removed from value and midcap indexes; that shift may be contributing to near-term volatility. Is Corning (GLW) Fully Valued As Index Changes Reshape Its Growth Story?
• Negative Sentiment: The recent drop appears tied to a broader rotation out of AI infrastructure names, with GLW extending a sharp multi-day slide even as Wall Street remains upbeat. Corning stock falls: why are analysts backing the stock?
• Negative Sentiment: Some reports frame Corning as potentially fully valued after its strong run, which could limit near-term upside if growth expectations cool. Is Corning (GLW) Fully Valued As Index Changes Reshape Its Growth Story?

Insider Activity

In other news, SVP Soumya Seetharam sold 20,000 shares of the business’s stock in a transaction 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 owned 25,570 shares in the company, valued at approximately $5,273,301.10. The trade was a 43.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Wendell P. Weeks sold 100,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the completion of the transaction, the chief executive officer owned 908,353 shares of the company’s stock, valued at approximately $169,371,500.38. The trade was a 9.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 160,655 shares of company stock worth $30,692,560. 0.25% of the stock is currently owned by corporate insiders.

Corning 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.