Thompson Investment Management Inc. Sells 17,284 Shares of Corning Incorporated $GLW

Thompson Investment Management Inc. lowered its position in Corning Incorporated (NYSE:GLW) by 23.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,280 shares of the electronics maker’s stock after selling 17,284 shares during the quarter. Thompson Investment Management Inc.’s holdings in Corning were worth $4,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Corning during the third quarter worth $25,000. Strengthening Families & Communities LLC bought a new stake in Corning during the third quarter valued at $27,000. Total Investment Management Inc. acquired a new stake in Corning during the 2nd quarter worth about $28,000. Cornerstone Planning Group LLC grew its holdings in Corning by 58.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 124 shares during the period. Finally, Financial Management Professionals Inc. raised its position in shares of Corning by 111.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 69.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on GLW shares. HSBC restated a “buy” rating and set a $135.00 target price on shares of Corning in a research report on Friday, February 13th. Citigroup lifted their target price on Corning from $120.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Oppenheimer set a $120.00 price target on Corning in a report on Thursday, January 29th. Bank of America raised their price objective on shares of Corning from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Finally, Morgan Stanley lifted their price objective on shares of Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.67.

Insider Buying and Selling at Corning

In other Corning news, EVP Lewis A. Steverson sold 15,366 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the completion of the sale, the executive vice president directly owned 3,461 shares of the company’s stock, valued at approximately $450,691.42. The trade was a 81.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Eric S. Musser sold 25,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $110.00, for a total value of $2,750,000.00. Following the completion of the sale, the insider directly owned 19,926 shares of the company’s stock, valued at approximately $2,191,860. This trade represents a 55.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 233,201 shares of company stock worth $32,614,558. 0.40% of the stock is currently owned by corporate insiders.

Corning Stock Performance

Shares of GLW stock opened at $136.94 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $126.73 and a two-hundred day simple moving average of $99.99. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $162.10. The firm has a market capitalization of $117.64 billion, a PE ratio of 74.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05.

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

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 annualized dividend and a yield of 0.8%. Corning’s dividend payout ratio (DPR) is presently 60.87%.

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.