California Public Employees Retirement System Sells 464,207 Shares of Corning Incorporated $GLW

California Public Employees Retirement System lessened its stake in shares of Corning Incorporated (NYSE:GLW) by 16.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,367,027 shares of the electronics maker’s stock after selling 464,207 shares during the period. California Public Employees Retirement System owned approximately 0.28% of Corning worth $194,167,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Corning during the third quarter valued at $25,000. Strengthening Families & Communities LLC bought a new stake in shares of Corning in the 3rd quarter worth about $27,000. Total Investment Management Inc. bought a new stake in shares of Corning in the 2nd quarter worth about $28,000. Cornerstone Planning Group LLC lifted its holdings in shares of Corning by 58.5% in 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 last quarter. Finally, Financial Management Professionals Inc. lifted its holdings 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 during the last quarter. 69.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Corning

In other news, COO Avery H. Nelson III sold 1,583 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total transaction of $203,795.42. Following the transaction, the chief operating officer owned 59,788 shares in the company, valued at approximately $7,697,107.12. This trade represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John Z. Zhang sold 1,531 shares of Corning stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $133.75, for a total value of $204,771.25. The SEC filing for this sale provides additional information. Insiders sold a total of 233,201 shares of company stock worth $32,614,558 over the last quarter. Insiders own 0.32% of the company’s stock.

Corning Price Performance

Corning stock opened at $129.19 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The stock has a market cap of $110.84 billion, a price-to-earnings ratio of 70.21, a price-to-earnings-growth ratio of 2.04 and a beta of 1.04. The firm has a 50-day moving average of $117.74 and a two-hundred day moving average of $95.48. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $162.10.

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

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio (DPR) is presently 60.87%.

Analysts Set New Price Targets

Several equities analysts recently commented on GLW shares. Citigroup upped their price target on shares of Corning from $120.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. JPMorgan Chase & Co. upped their target price on Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Mizuho set a $145.00 price target on Corning in a report on Monday, February 23rd. Finally, Barclays set a $100.00 price target on Corning in a research note on Thursday, January 29th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and a consensus price target of $131.75.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Bank of America raised its price target to $144 and reiterated a “buy” rating, citing a potential ~$10.3B scale-out revenue opportunity that could drive meaningful upside. BofA price target raise
• Positive Sentiment: Corning expanded its AI data-center connectivity portfolio by licensing PRIZM TMT ferrule technology from US Conec, improving high-density optical connectivity for AI/GenAI networks — a direct catalyst for optical revenue growth. Zacks: Corning expands AI data center portfolio
• Positive Sentiment: Coverage consensus is supportive: analysts on aggregate have a “moderate buy” recommendation, which can sustain investor demand and limit downside. Analyst consensus: Moderate Buy
• Positive Sentiment: Zacks highlighted GLW as a top-ranked growth stock under its style scores, reinforcing the growth narrative for momentum investors. Zacks: Top-ranked growth stock
• Positive Sentiment: Market coverage notes strong GenAI-driven demand for optical communications, supporting near-term revenue momentum in Corning’s Optical Communications segment. Yahoo: GenAI-driven optical demand
• Neutral Sentiment: Some outlets present mixed analyst views and valuation questions despite recent gains; these pieces underscore investor caution around stretched multiples after a large run-up. Globe and Mail: Mixed analyst opinions
• Neutral Sentiment: An investor-focused article lists two bullish reasons and one skepticism point — useful for watchlist investors but highlights the need to weigh growth vs. valuation. Yahoo: 2 reasons to like, 1 to be skeptical

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.