Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 4,382 Shares of Corning Incorporated $GLW

Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its stake in Corning Incorporated (NYSE:GLW) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,676 shares of the electronics maker’s stock after selling 4,382 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Corning were worth $11,705,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Victory Financial Group LLC bought a new position in Corning during the fourth quarter worth about $272,000. Three Seasons Wealth LLC bought a new stake in shares of Corning in the 4th quarter valued at about $1,750,000. Nikulski Financial Inc. increased its stake in shares of Corning by 5.6% in the 4th quarter. Nikulski Financial Inc. now owns 4,844 shares of the electronics maker’s stock valued at $424,000 after acquiring an additional 255 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of Corning by 6.8% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 7,488 shares of the electronics maker’s stock valued at $656,000 after acquiring an additional 474 shares during the period. Finally, Jamison Private Wealth Management Inc. raised its position in shares of Corning by 0.6% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 80,008 shares of the electronics maker’s stock valued at $7,006,000 after acquiring an additional 454 shares during the period. 69.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. UBS Group boosted their price objective on shares of Corning from $125.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 20th. JPMorgan Chase & Co. lifted their price target on shares of Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Citigroup boosted 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. Bank of America upped their price objective on shares of Corning from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, March 23rd. Finally, HSBC reaffirmed a “buy” rating and set a $135.00 price objective on shares of Corning in a research note on Friday, February 13th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.08.

Insider Transactions at Corning

In other news, COO Avery H. Nelson III sold 1,583 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total value of $203,795.42. Following the sale, the chief operating officer directly owned 59,788 shares in the company, valued at $7,697,107.12. The trade was a 2.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Wendell P. Weeks sold 137,514 shares of the company’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 directly owned 750,585 shares of the company’s stock, valued at $116,618,391.45. This represents a 15.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 233,201 shares of company stock worth $32,614,558. 0.40% of the stock is currently owned by company insiders.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning and Meta broke ground on a large optical cable manufacturing expansion in Hickory, NC to support AI data-center buildout under a multiyear agreement (up to $6 billion), reinforcing a clear revenue runway from AI infrastructure demand. Corning and Meta Celebrate Start of Construction on Cable Manufacturing Expansion in North Carolina to Support AI Buildout
• Positive Sentiment: Jim Cramer publicly called Corning “the best one” for the AI and data-center buildout, a high-visibility endorsement that likely boosted retail and momentum flows into GLW. Jim Cramer Chooses Corning Incorporated As “The Best One” for AI and Data Center Buildout
• Neutral Sentiment: Analyst/market write-ups highlight Corning’s strong ROE and relative outperformance vs. some tech peers, framing GLW as a cash-efficient, defensive play amid macro/geopolitical uncertainty — supportive context but not an immediate catalyst. 5 Stocks With High ROE to Buy as Iran War Crisis Refuses to Abate
• Negative Sentiment: Truist Securities initiated coverage on GLW with a Hold rating and a $125 price target, implying downside from current levels — a formal analyst view that could temper further upside and encourage profit-taking. Truist Securities initiates coverage of Corning (GLW) with hold recommendation

Corning Stock Performance

Shares of GLW opened at $142.68 on Thursday. The firm has a market cap of $122.56 billion, a P/E ratio of 77.54, a PEG ratio of 2.15 and a beta of 1.05. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $162.10. 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 firm’s 50 day moving average price is $129.26 and its two-hundred day moving average price is $101.07.

Corning (NYSE:GLW) last issued its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The firm’s 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, analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Corning’s dividend payout ratio (DPR) is currently 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.