Mitsubishi UFJ Asset Management Co. Ltd. Buys 85,280 Shares of Corning Incorporated $GLW

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Corning Incorporated (NYSE:GLW) by 5.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,787,244 shares of the electronics maker’s stock after purchasing an additional 85,280 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Corning were worth $146,608,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ boosted its position in shares of Corning by 4.9% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker’s stock worth $21,471,000 after purchasing an additional 12,297 shares in the last quarter. Hartline Investment Corp raised its stake in Corning by 113.2% in the third quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock valued at $24,229,000 after buying an additional 156,843 shares during the last quarter. Vanguard Group Inc. raised its stake in Corning by 1.6% in the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after buying an additional 1,582,895 shares during the last quarter. Schroder Investment Management Group boosted its holdings in Corning by 638.0% in the second quarter. Schroder Investment Management Group now owns 546,407 shares of the electronics maker’s stock worth $28,736,000 after acquiring an additional 472,365 shares in the last quarter. Finally, Caprock Group LLC purchased a new stake in shares of Corning during the third quarter worth about $3,355,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GLW has been the topic of a number of research reports. Oppenheimer set a $120.00 price objective on shares of Corning in a research note on Thursday, January 29th. Barclays set a $100.00 price target on Corning in a research report on Thursday, January 29th. Citigroup boosted their price objective on Corning from $120.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Finally, Fox Advisors downgraded Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $125.42.

Corning Price Performance

NYSE:GLW opened at $150.29 on Friday. Corning Incorporated has a one year low of $37.31 and a one year high of $162.10. The stock has a market cap of $128.94 billion, a PE ratio of 81.68, a P/E/G ratio of 2.77 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The stock has a 50 day moving average price of $107.02 and a 200 day moving average price of $89.58.

Corning (NYSE:GLW) last issued its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the prior year, the business earned $0.57 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts expect that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. Corning’s payout ratio is 60.87%.

Insider Buying and Selling

In other news, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the sale, the chief financial officer owned 54,780 shares of the company’s stock, valued at $5,727,249. This represents a 27.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Avery H. Nelson III sold 6,262 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $129.79, for a total transaction of $812,744.98. Following the sale, the chief operating officer owned 61,371 shares of the company’s stock, valued at $7,965,342.09. This represents a 9.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,687 shares of company stock worth $11,249,008 over the last ninety days. 0.40% of the stock is currently owned by insiders.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Citigroup raised its price target to $170 and put a Buy rating on GLW, signaling continued analyst confidence and providing upside vs. prior targets. Read More.
• Positive Sentiment: Multiple broker upgrades lifted the stock into fresh highs and drew buying interest — coverage notes that Corning’s end-market exposure (optical, data center glass) underpins long-term earnings upside. Read More.
• Positive Sentiment: Sell-side momentum translated into intraday strength earlier in the week (shares traded ~4% higher after an upgrade), fueling the recent rally. Read More.
• Positive Sentiment: Feature pieces argue Corning’s 200% rally is supported by structural demand (fiber buildouts, AI/data center glass) and improving fundamentals — these narratives help justify a richer multiple to some investors. Read More. Read More.
• Neutral Sentiment: Secondary reporting (Benzinga) reiterated the Citi price-target lift and Buy call, reinforcing the market narrative but not adding new fundamental data. Read More.
• Negative Sentiment: Despite bullish coverage, valuation is stretched (elevated P/E and recent run to near-record levels) which can trigger profit-taking and larger intraday swings; that appears to be the proximate cause of today’s pullback. Read More.

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.