98,598 Shares in Corning Incorporated $GLW Bought by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Corning Incorporated (NYSE:GLW) during the 2nd quarter, Holdings Channel reports. The firm bought 98,598 shares of the electronics maker’s stock, valued at approximately $25,185,000.

Several other hedge funds have also bought and sold shares of GLW. Alliance Wealth Advisors LLC increased its position in Corning by 1.4% in the second quarter. Alliance Wealth Advisors LLC now owns 4,045 shares of the electronics maker’s stock worth $1,033,000 after buying an additional 56 shares in the last quarter. Ares Financial Consulting LLC lifted its position in shares of Corning by 15.6% during the 2nd quarter. Ares Financial Consulting LLC now owns 444 shares of the electronics maker’s stock valued at $113,000 after buying an additional 60 shares in the last quarter. Signature Equity Partners LLC grew its stake in shares of Corning by 19.3% during the 1st quarter. Signature Equity Partners LLC now owns 383 shares of the electronics maker’s stock valued at $52,000 after acquiring an additional 62 shares during the period. Beirne Wealth Consulting Services LLC grew its stake in shares of Corning by 0.8% during the 1st quarter. Beirne Wealth Consulting Services LLC now owns 8,045 shares of the electronics maker’s stock valued at $1,094,000 after acquiring an additional 64 shares during the period. Finally, Balefire LLC increased its holdings in Corning by 0.7% in the 1st quarter. Balefire LLC now owns 9,595 shares of the electronics maker’s stock worth $1,305,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 69.80% of the company’s stock.

Corning Price Performance

GLW stock opened at $159.88 on Wednesday. The company has a fifty day simple moving average of $176.26 and a two-hundred day simple moving average of $162.76. Corning Incorporated has a 52 week low of $63.37 and a 52 week high of $271.78. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $137.72 billion, a P/E ratio of 73.00, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. Corning had a net margin of 11.20% and a return on equity of 20.09%. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same period in the prior year, the company earned $0.60 EPS. The business’s revenue was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Analysts anticipate that Corning Incorporated will post 3.27 earnings per share for the current fiscal year.

Corning Dividend Announcement

The business 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 is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. Corning’s dividend payout ratio is 51.14%.

Insider Buying and Selling

In other news, CEO Wendell P. Weeks sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total value of $18,646,000.00. Following the completion of the sale, the chief executive officer directly owned 908,353 shares of the company’s stock, valued at $169,371,500.38. This trade represents a 9.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. This trade represents a 22.49% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

GLW has been the topic of a number of recent analyst reports. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Oppenheimer dropped their price target on shares of Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price objective on shares of Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Mizuho decreased their price objective on shares of Corning from $270.00 to $210.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Finally, Barclays lowered their target price on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Corning currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.08.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning’s portfolio of Gorilla Glass, advanced display glass and specialty materials gives it exposure to ongoing demand for smartphones, displays, data centers and other technology applications. Can Corning’s Next-Generation Glass Innovations Propel Its Shares?
• Positive Sentiment: An investor letter from The London Company highlighted improving demand at Corning, with AI infrastructure spending supporting the broader technology and optical-components markets. Corning’s latest reported quarter also showed strong momentum, including 17.1% year-over-year revenue growth and earnings above analysts’ expectations. Improving Demand Strengthens Corning (GLW)
• Neutral Sentiment: CEO Wendell Weeks said Corning’s ability to limit tariff exposure depends on strategic supply-chain and production decisions. This may help reassure investors, although tariffs remain a potential cost and margin risk. Corning’s Tariff Immunity Comes Down to One Strategic Choice, CEO Says
• Negative Sentiment: Optics stocks sold off broadly after the Anthropic-related news and WSJ report intensified concern about AI-hardware demand and risk exposure. The sector-wide move weighed on Corning despite its company-specific growth drivers. Optics Stocks Drop on Anthropic News
• Negative Sentiment: Analysts caution that much of Corning’s AI-related success may already be priced into the stock. Its large multiyear gain and elevated earnings-based valuation increase the risk of profit-taking if growth expectations or technology spending weaken. Corning: Strong AI Growth, But Much Success Is Already Priced In

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.