Corning Incorporated $GLW Shares Sold by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV reduced its stake in Corning Incorporated (NYSE:GLW) by 26.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,640 shares of the electronics maker’s stock after selling 19,597 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Corning were worth $4,872,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Corning in the third quarter valued at approximately $25,000. Strengthening Families & Communities LLC purchased a new position in Corning in the third quarter valued at approximately $27,000. Total Investment Management Inc. purchased a new position in Corning in the second quarter valued at approximately $28,000. Cornerstone Planning Group LLC increased its stake in Corning by 58.5% in the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 124 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its stake in Corning by 111.1% in the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 200 shares during the last quarter. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Analysts place GLW at a consensus “Moderate Buy,” a formal signal that can prompt fresh buying from institutional and retail investors. Corning Incorporated (NYSE:GLW) Receives Consensus Rating of “Moderate Buy” from Analysts
• Positive Sentiment: Media pieces (Zacks, Yahoo) flag Corning’s strong earnings‑surprise track record and favorable indicators (analyst revisions / Earnings ESP), arguing GLW is well positioned to beat again — which tends to drive near‑term upside when expectations are exceeded. Will Corning (GLW) Beat Estimates Again in Its Next Earnings Report? (Yahoo) Will Corning (GLW) Beat Estimates Again in Its Next Earnings Report? (Zacks)
• Positive Sentiment: Buy/hold coverage (247WallSt) spotlights Corning as a durable infrastructure play — optical fiber for AI/data centers, Gorilla Glass for devices — framing GLW as a beneficiary of secular AI and connectivity trends that can support higher multiple and steady demand. Buy and Hold Forever This Unknown AI Stock up 200% Buy and Hold Forever This Unknown AI Stock up 200% (duplicate)
• Neutral Sentiment: Zacks included GLW in a roundup of dividend‑growth candidates, highlighting resilient fundamentals and steady payouts as reasons dividend‑focused investors may favor the name — supportive but less immediately price‑moving than earnings/news. Bet on These 5 Dividend Growth Stocks as Oil Price Ticks Up
• Neutral Sentiment: Another Zacks piece points investors to tools like Earnings ESP to target stocks set to beat; mentions of GLW in this context raise visibility but are informational rather than a direct catalyst. Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now

Insider Transactions at Corning

In related news, CFO Edward A. Schlesinger sold 21,104 shares of Corning stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at $5,727,249. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Wendell P. Weeks sold 137,514 shares of Corning stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the transaction, the chief executive officer owned 750,585 shares in the company, valued at approximately $116,618,391.45. This trade represents a 15.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 233,201 shares of company stock worth $32,614,558 over the last quarter. 0.40% of the stock is currently owned by corporate insiders.

Corning Stock Performance

Shares of GLW opened at $146.26 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm has a market cap of $125.64 billion, a PE ratio of 79.49, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06. The company’s 50 day simple moving average is $132.45 and its 200-day simple moving average is $102.69. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $162.10.

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 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 firm posted $0.57 earnings per share. The company’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. As a group, equities analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, February 27th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, February 27th. Corning’s dividend payout ratio (DPR) is 60.87%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wolfe Research set a $130.00 price target on shares of Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. HSBC reiterated a “buy” rating and issued a $135.00 price target on shares of Corning in a research note on Friday, February 13th. Fox Advisors lowered shares of Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Truist Financial assumed coverage on shares of Corning in a research report on Tuesday, March 31st. They set a “hold” rating and a $125.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price 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. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Corning presently has a consensus rating of “Moderate Buy” and an average target price of $132.08.

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.