DNB Asset Management AS Increases Holdings in Corning Incorporated $GLW

DNB Asset Management AS boosted its position in shares of Corning Incorporated (NYSE:GLW) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 169,690 shares of the electronics maker’s stock after purchasing an additional 4,165 shares during the quarter. DNB Asset Management AS’s holdings in Corning were worth $13,920,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Corning by 46.0% in the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after acquiring an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. purchased a new position in Corning during the 1st quarter valued at about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Corning by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock valued at $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Corning in the 2nd quarter worth approximately $401,000. Finally, Schnieders Capital Management LLC. bought a new position in shares of Corning during the second quarter valued at approximately $266,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GLW. HSBC reissued a “buy” rating and set a $135.00 price objective on shares of Corning in a report on Friday, February 13th. JPMorgan Chase & Co. boosted their price target on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Morgan Stanley upped their price objective on Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, UBS Group increased their price target on shares of Corning from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.42.

Insider Activity

In other news, VP John Z. Zhang sold 1,531 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $133.75, for a total value of $204,771.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric S. Musser sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $130.25, for a total value of $1,953,750.00. Following the completion of the sale, the insider owned 4,926 shares in the company, valued at approximately $641,611.50. This represents a 75.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 233,201 shares of company stock valued at $32,614,558. 0.40% of the stock is owned by corporate insiders.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Citigroup set a new $170 price target for GLW, signaling confidence in Corning’s growth prospects and supporting higher valuation expectations. Corning (NYSE:GLW) Given New $170.00 Price Target at Citigroup
• Positive Sentiment: Analyst upgrades pushed the stock to a fresh 52‑week high and prompted short‑term buying; one report notes shares trading materially higher following the upgrades. Corning (NYSE:GLW) Trading Up 5.6% Following Analyst Upgrade
• Positive Sentiment: UBS says Nvidia’s strong Q4 results provide a favorable read‑through for Corning (demand in data centers and advanced optics), bolstering expectations for Corning’s end‑market strength. Corning Gets Strong Read Through From Nvidia Results, UBS Says
• Positive Sentiment: A CNBC piece argues Corning’s near‑record price and elevated valuation are justified by durable end‑market demand and improving fundamentals, which may attract momentum investors. Why Corning’s near record stock price and historically expensive valuation are worth it
• Neutral Sentiment: Coverage pieces (Yahoo Finance, Zacks) explain the stock’s ~45.9% run since the last earnings report and look at upcoming estimates — useful context but not new catalysts. Why Is Corning (GLW) Up 45.9% Since Last Earnings Report?
• Neutral Sentiment: Another analytical take from Zacks reiterates the same thesis on recent earnings and what to watch next (estimates/guidance). Why Is Corning (GLW) Up 45.9% Since Last Earnings Report?
• Negative Sentiment: CEO Wendell P. Weeks sold 137,514 shares (~$21.4M) on Feb. 26, reducing his stake by ~15.5% per the SEC filing; insider sales can trigger short‑term caution among investors despite his remaining large holding. SEC Form 4 — Weeks insider sale

Corning Price Performance

Shares of NYSE GLW opened at $150.31 on Friday. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $162.10. The company has a market cap of $128.96 billion, a PE ratio of 81.69, a P/E/G ratio of 2.60 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The business has a 50-day simple moving average of $108.27 and a two-hundred day simple moving average of $90.34.

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

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, February 27th. Corning’s payout ratio is presently 60.87%.

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.