44,979 Shares in Corning Incorporated $GLW Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Corning Incorporated (NYSE:GLW) during the fourth quarter, HoldingsChannel reports. The fund purchased 44,979 shares of the electronics maker’s stock, valued at approximately $3,938,000.

Several other large investors have also made changes to their positions in GLW. Beese Fulmer Investment Management Inc. boosted its stake in shares of Corning by 2.5% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker’s stock worth $336,000 after acquiring an additional 92 shares during the period. Patten & Patten Inc. TN lifted its holdings in Corning by 0.6% in the 4th quarter. Patten & Patten Inc. TN now owns 17,796 shares of the electronics maker’s stock worth $1,558,000 after purchasing an additional 100 shares in the last quarter. Joel Isaacson & Co. LLC lifted its holdings in Corning by 0.5% in the 4th quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker’s stock worth $1,797,000 after purchasing an additional 102 shares in the last quarter. CVA Family Office LLC boosted its stake in Corning by 10.3% in the 3rd quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock worth $98,000 after purchasing an additional 111 shares during the period. Finally, Angeles Wealth Management LLC boosted its stake in Corning by 2.8% in the 3rd quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker’s stock worth $348,000 after purchasing an additional 116 shares during the period. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Analysts and market commentary say Corning is benefiting from a surge in AI data center and high-speed network demand, with Optical Communications sales jumping 36% to $1.85 billion. Can Rising Demand for Fiber Optics Solutions Drive Corning’s Growth?
• Positive Sentiment: Reports say Corning is expanding its role in AI infrastructure through multi-year optical connectivity agreements, a broad partnership with Nvidia, and plans to increase U.S. optical connectivity manufacturing capacity tenfold. Corning Leans Into AI Infrastructure Growth As Valuation And Risks Stand Out
• Positive Sentiment: Coverage around Corning’s Q1 report says the results made clear how important glass and fiber are becoming to AI infrastructure, reinforcing the company’s growth narrative. Who Knew Glass Was So Important to AI? Corning’s (GLW) Q1 Report Made It Clear
• Positive Sentiment: Zacks highlighted Corning as a strong growth stock, adding to the upbeat sentiment around the shares. Here’s Why Corning (GLW) is a Strong Growth Stock
• Neutral Sentiment: Corning’s presentation at the J.P. Morgan Technology, Media and Communications Conference did not include a clear new catalyst in the headline available here, so it appears more informational than market-moving. Corning Incorporated (GLW) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Negative Sentiment: Some commentary notes that Corning’s valuation and execution risks are starting to stand out, suggesting investors may be weighing how much of the AI growth story is already priced in. Corning Leans Into AI Infrastructure Growth As Valuation And Risks Stand Out

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GLW shares. Zacks Research upgraded shares of Corning from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Bank of America boosted their price target on shares of Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Barclays raised their price objective on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a report on Friday, May 15th. Finally, Citigroup increased their price target on Corning from $175.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $177.92.

Corning Price Performance

GLW stock opened at $180.60 on Thursday. Corning Incorporated has a 52 week low of $47.67 and a 52 week high of $211.79. The firm has a market capitalization of $155.43 billion, a P/E ratio of 86.41, a price-to-earnings-growth ratio of 2.52 and a beta of 1.14. The company has a fifty day simple moving average of $159.19 and a two-hundred day simple moving average of $121.78. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping 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 firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the firm posted $0.54 EPS. The business’s quarterly revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Analysts anticipate that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. Corning’s dividend payout ratio is 53.59%.

Insider Buying and Selling

In related news, VP John Z. Zhang sold 10,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the sale, the vice president owned 5,138 shares in the company, valued at approximately $1,019,070.92. This represents a 66.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Wendell P. Weeks sold 137,514 shares of Corning stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the transaction, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 170,774 shares of company stock valued at $28,148,435 over the last quarter. Company insiders own 0.25% of the company’s stock.

Corning 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.