Danske Bank A S Invests $33.64 Million in Corning Incorporated $GLW

Danske Bank A S bought a new position in Corning Incorporated (NYSE:GLW) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 410,055 shares of the electronics maker’s stock, valued at approximately $33,637,000.

Other institutional investors have also made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ raised its stake in Corning by 4.9% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker’s stock valued at $21,471,000 after acquiring an additional 12,297 shares in the last quarter. Hartline Investment Corp grew its stake in shares of Corning by 113.2% in the third quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock worth $24,229,000 after purchasing an additional 156,843 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Corning by 1.6% during the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after purchasing an additional 1,582,895 shares during the period. Natixis Advisors LLC increased its holdings in shares of Corning by 32.1% during the third quarter. Natixis Advisors LLC now owns 479,921 shares of the electronics maker’s stock valued at $39,367,000 after purchasing an additional 116,583 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of Corning by 638.0% during the second quarter. Schroder Investment Management Group now owns 546,407 shares of the electronics maker’s stock valued at $28,736,000 after purchasing an additional 472,365 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GLW has been the subject of several research analyst reports. Mizuho set a $145.00 price objective on shares of Corning in a report on Monday, February 23rd. Fox Advisors downgraded shares of Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Susquehanna upped their price target on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. HSBC reiterated a “buy” rating and issued a $135.00 price objective on shares of Corning in a report on Friday, February 13th. Finally, Citigroup raised their price objective on shares of Corning from $120.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.75.

Corning Stock Performance

Shares of GLW opened at $129.74 on Thursday. 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 firm’s 50 day moving average is $120.26 and its 200-day moving average is $96.60. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $162.10. The stock has a market capitalization of $111.31 billion, a P/E ratio of 70.51, a P/E/G ratio of 2.05 and a beta of 1.05.

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

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors 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 dividend yield of 0.9%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio (DPR) is currently 60.87%.

Insider Activity

In other Corning news, CEO Wendell P. Weeks sold 137,514 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $155.37, for a total value of $21,365,550.18. Following the transaction, the chief executive officer owned 750,585 shares in the company, valued at $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John Z. Zhang sold 1,531 shares of the company’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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 233,201 shares of company stock valued at $32,614,558. 0.40% of the stock is currently owned by company insiders.

About Corning

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.