Wealthfront Advisers LLC Has $12.57 Million Holdings in Corning Incorporated $GLW

Wealthfront Advisers LLC lifted its stake in shares of Corning Incorporated (NYSE:GLW) by 36.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,425 shares of the electronics maker’s stock after acquiring an additional 24,589 shares during the period. Wealthfront Advisers LLC’s holdings in Corning were worth $12,567,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GLW. Norges Bank bought a new stake in Corning in the 4th quarter valued at $921,435,000. Capital Research Global Investors increased its holdings in Corning by 52.7% during the 4th quarter. Capital Research Global Investors now owns 16,890,802 shares of the electronics maker’s stock worth $1,478,959,000 after purchasing an additional 5,831,873 shares in the last quarter. Polar Capital Holdings Plc raised its stake in shares of Corning by 141.2% in the 3rd quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker’s stock valued at $329,035,000 after purchasing an additional 2,348,125 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Corning by 102.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,562,644 shares of the electronics maker’s stock valued at $399,505,000 after purchasing an additional 2,304,676 shares during the period. Finally, Evergreen Quality Fund GP Ltd. bought a new stake in shares of Corning in the fourth quarter valued at about $185,312,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Price Performance

NYSE:GLW opened at $158.50 on Friday. Corning Incorporated has a 52-week low of $53.18 and a 52-week high of $271.78. The company has a market cap of $136.41 billion, a P/E ratio of 75.84, a P/E/G ratio of 2.29 and a beta of 1.09. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. The stock’s 50-day simple moving average is $193.45 and its 200 day simple moving average is $152.83.

Corning (NYSE:GLW) last issued its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, sell-side analysts forecast that Corning Incorporated will post 3.18 EPS for the current fiscal 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 0.7%. The ex-dividend date of this dividend is Monday, August 31st. Corning’s dividend payout ratio is presently 53.59%.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Technical watchers say GLW is testing its 80-day moving average, a level that has historically acted as a bullish support area, which could hint at upside if the stock stabilizes. Corning Stock Signal Hints at Upside Potential Amid Breather
• Neutral Sentiment: Corning’s upcoming earnings report is in focus, with investors waiting to see whether recent AI-related optimism and strong operating trends can justify the stock’s elevated valuation. Corning earnings preview: What to expect
• Negative Sentiment: JPMorgan put Corning on “Negative Catalyst Watch” ahead of earnings, citing valuation concerns, which signals limited near-term upside if results do not exceed expectations. Corning lands on JP Morgan’s ‘Negative Catalyst Watch’ ahead of earnings due to valuation
• Negative Sentiment: Recent commentary also highlights executive sales and earnings uncertainty, adding to concerns that the stock may have run too far ahead of fundamentals. Corning (GLW) Stock Plunges 8% Amid Executive Sales and Earnings Uncertainty
• Negative Sentiment: One valuation-focused report says Corning no longer looks obviously cheap after its strong three-year run, with DCF estimates near the share price and market multiples appearing expensive. Corning (GLW) Stock Could Be 7% Above Fair Value On AI Selloff

Wall Street Analysts Forecast Growth

GLW has been the subject of a number of research reports. Barclays increased their price objective on Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Wall Street Zen cut Corning from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Oppenheimer raised their price target on shares of Corning from $210.00 to $230.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. Finally, UBS Group set a $243.00 price objective on shares of Corning in a report on Monday, July 6th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $194.69.

Insiders Place Their Bets

In other Corning news, SVP Jaymin Amin sold 27,395 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the sale, the senior vice president directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Wendell P. Weeks sold 100,000 shares of Corning stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the completion of the transaction, the chief executive officer directly owned 908,353 shares of the company’s stock, valued at approximately $169,371,500.38. This trade represents a 9.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 160,655 shares of company stock valued at $30,692,560 in the last ninety days. 0.25% of the stock is currently owned by insiders.

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.