State Street Corp Grows Holdings in Corning Incorporated $GLW

22 Sep 2026, 17:42 by Sarita Garza · The Markets Daily

State Street Corp increased its position in shares of Corning Incorporated (NYSE:GLW – Free Report) by 13.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,108,384 shares of the electronics maker’s stock after acquiring an additional 4,845,027 shares during the quarter. State Street Corp’s holdings in Corning were worth $10,500,315,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Basepoint Wealth LLC acquired a new position in shares of Corning during the 4th quarter valued at about $26,000. Atwood & Palmer Inc. purchased a new position in shares of Corning in the 2nd quarter worth $26,000. Rogco LP acquired a new position in Corning in the second quarter valued at $27,000. Evolution Wealth Management Inc. boosted its holdings in Corning by 58.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 381 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 141 shares during the last quarter. Finally, Vermillion Wealth Management Inc. grew its position in Corning by 32.8% during the fourth quarter. Vermillion Wealth Management Inc. now owns 405 shares of the electronics maker’s stock valued at $36,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Stock Up 0.1%

Shares of NYSE:GLW traded up $0.12 during trading on Tuesday, hitting $159.10. The company’s stock had a trading volume of 3,413,184 shares, compared to its average volume of 12,395,599. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. Corning Incorporated has a fifty-two week low of $77.05 and a fifty-two week high of $271.78. The stock’s 50-day moving average price is $153.76 and its two-hundred day moving average price is $166.18. The company has a market capitalization of $137.05 billion, a PE ratio of 72.59, a PEG ratio of 1.92 and a beta of 1.16.

Corning (NYSE:GLW – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, sell-side analysts expect that Corning Incorporated will post 3.28 EPS for the current year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 31st. Corning’s payout ratio is currently 51.14%.

Insider Buying and Selling at Corning

In other news, EVP Lewis Steverson sold 13,100 shares of Corning stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $151.29, for a total value of $1,981,899.00. Following the completion of the transaction, the executive vice president directly owned 15,052 shares of the company’s stock, valued at approximately $2,277,217.08. The trade was a 46.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

GLW has been the topic of a number of research reports. Wall Street Zen downgraded Corning from a “buy” rating to a “hold” rating in a report on Monday, August 24th. UBS Group reissued a “buy” rating and set a $196.00 target price on shares of Corning in a research report on Wednesday, July 29th. Mizuho cut their price target on shares of Corning from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, September 15th. Bank of America lifted their price target on shares of Corning from $223.00 to $243.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Finally, Citigroup decreased their price objective on shares of Corning from $240.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Corning has an average rating of “Moderate Buy” and an average target price of $176.50.

Get Our Latest Stock Report on GLW

About Corning

(Free Report)

Corning Incorporated (NYSE: GLW) is a global materials science and technology company that develops specialty glass, ceramics and optical fiber products. Founded in 1851 and headquartered in Corning, New York, the company combines expertise in glass science, ceramics science, optical physics and manufacturing to serve communications, consumer electronics, automotive, life sciences and other industrial markets.

Corning’s products include optical fiber, cable and hardware used in telecommunications networks; cover glass and other components for mobile devices, laptops and other electronics; display glass for televisions and computer monitors; emissions-control products for automobiles and trucks; laboratory vessels and equipment; and specialty glass and ceramic products for industrial, semiconductor and aerospace applications.

The company serves customers worldwide through manufacturing, research and commercial operations across North America, Europe and Asia.