Savant Capital LLC Lowers Stake in Corning Incorporated $GLW

Savant Capital LLC lowered its stake in shares of Corning Incorporated (NYSE:GLW) by 65.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 30,474 shares of the electronics maker’s stock after selling 58,667 shares during the period. Savant Capital LLC’s holdings in Corning were worth $2,668,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GLW. Brighton Jones LLC boosted its position in shares of Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. purchased a new position in shares of Corning during the 1st quarter worth approximately $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Corning by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after purchasing an additional 5,522 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Corning during the 2nd quarter worth approximately $401,000. Finally, Schnieders Capital Management LLC. purchased a new position in shares of Corning during the 2nd quarter worth approximately $266,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insider Activity

In other news, SVP Jaymin Amin sold 27,395 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total value of $5,263,675.30. Following the sale, the senior vice president directly owned 94,400 shares in the company, valued at approximately $18,138,016. This trade represents a 22.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Soumya Seetharam sold 20,000 shares of the firm’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 completion of the sale, the senior vice president owned 25,570 shares in the company, valued at $5,273,301.10. The trade was a 43.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 60,655 shares of company stock valued at $12,046,561 over the last quarter. Company insiders own 0.25% of the company’s stock.

Corning Price Performance

Shares of GLW opened at $181.37 on Monday. Corning Incorporated has a twelve month low of $48.88 and a twelve month high of $211.79. The firm’s fifty day simple moving average is $167.47 and its 200-day simple moving average is $126.87. The firm has a market capitalization of $156.09 billion, a price-to-earnings ratio of 86.78, a PEG ratio of 2.59 and a beta of 1.15. 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) last announced its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating 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 business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the business earned $0.54 EPS. The company’s revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Equities analysts forecast that Corning Incorporated will post 3.19 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be issued 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 is Friday, May 29th. Corning’s dividend payout ratio (DPR) is presently 53.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GLW shares. Susquehanna increased their target price on shares of Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. increased their target price on shares of Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Morgan Stanley set a $180.00 target price on shares of Corning in a report on Friday, May 8th. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Finally, Citigroup increased their target price on shares of Corning from $175.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $177.92.

About Corning

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.