Corning Incorporated $GLW Shares Sold by Powell Investment Advisors LLC

Powell Investment Advisors LLC decreased its holdings in Corning Incorporated (NYSE:GLW) by 44.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,457 shares of the electronics maker’s stock after selling 1,995 shares during the period. Powell Investment Advisors LLC’s holdings in Corning were worth $334,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Berbice Capital Management LLC acquired a new position in shares of Corning during the 4th quarter worth approximately $26,000. Basepoint Wealth LLC purchased a new position in Corning during the fourth quarter worth approximately $26,000. MBM Wealth Consultants LLC purchased a new position in Corning during the first quarter worth approximately $42,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Corning during the third quarter worth $25,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Corning during the fourth quarter worth $27,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on GLW. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a research note on Friday, May 15th. Oppenheimer boosted their price target on shares of Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Morgan Stanley set a $180.00 target price on shares of Corning in a research note on Friday, May 8th. Finally, Susquehanna boosted their target price on shares of Corning from $125.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.62.

Corning Stock Up 15.7%

Shares of NYSE:GLW opened at $255.79 on Tuesday. The business has a 50-day moving average price of $186.49 and a 200 day moving average price of $143.26. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $220.14 billion, a price-to-earnings ratio of 122.39, a PEG ratio of 3.16 and a beta of 1.15. Corning Incorporated has a 12-month low of $51.32 and a 12-month high of $258.80.

Corning (NYSE:GLW) last posted 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. The company had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. Corning’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts expect that Corning Incorporated will post 3.19 EPS for the current year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, August 31st. Corning’s dividend payout ratio is currently 53.59%.

Insider Activity

In other Corning news, SVP Michaune D. Tillman sold 3,260 shares of the company’s stock in a transaction 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 transaction, the senior vice president directly owned 10,174 shares in the company, valued at $2,106,221.48. This represents a 24.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jaymin Amin sold 27,395 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the transaction, the senior vice president owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 160,655 shares of company stock worth $30,692,560 in the last three months. 0.25% of the stock is currently owned by corporate insiders.

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.