Aberdeen Group Reduces $2M in Corning Incorporated ($GLW)
Aberdeen Group trimmed its holdings in Corning by 1.6%, now holding 558,867 shares.
Key Points
- Aberdeen Group reduced its stake in Corning Incorporated by 9,181 shares, decreasing its position by 1.6% to 558,867 shares.
- On Wednesday, Corning's shares traded near $265.46, with a market cap of $219.8 billion and a P/E ratio of 123.4.
- Insiders at Corning have been active, with recent transactions from top executives like CEO Wendell Weeks and SVP Jaymin Amin.
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Aberdeen Group has reduced its holdings in Corning Incorporated (NYSE:GLW) according to its latest Form 13F filing with the SEC, reflecting a 1.6% decrease in its position. The fund cut 9,181 shares, bringing its total to 558,867 shares valued at approximately $148.4 million as of the reporting period.
Aberdeen Group vs. the S&P 500
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What Changed in Aberdeen Group's Corning Position
Aberdeen Group trimmed its stake in Corning by 9,181 shares during the most recent quarter, a 1.6% decrease from its previous holding of 568,048 shares. The fund now holds 558,867 shares, valued at about $148.4 million.
Other Institutional Activity in Corning
BlackRock, Inc. increased its holdings in Corning by 3,125,628 shares, ending with 66,710,492 shares worth about $9.07 billion, marking a 4.9% increase. Vanguard Capital Management LLC opened a new position with 50,456,014 shares valued at $6.86 billion. State Street Corp reduced its stake by 524,999 shares, holding 36,263,357 shares worth $4.93 billion, a 1.4% decrease. FMR LLC significantly boosted its holdings by 10,458,914 shares, now holding 24,909,423 shares valued at approximately $3.39 billion, a 72.4% increase.
Corning Incorporated Stock Up 78.5%
Shares of Corning Incorporated (NYSE:GLW) traded near $265.46 on Wednesday. The company has a market cap of $219.8 billion and a P/E ratio of 123.4. Corning's stock has seen a 52-week low of $51.32 and a high of $271.78, with a 50-day moving average of $185.02 and a 200-day moving average of $125.00. The company maintains a current ratio of 1.61 and a quick ratio of 0.749, with a debt-to-equity ratio of 80.36.
$GLW stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Corning reported revenue of $16.32 billion with a 0.2% growth rate. The company's net margin stands at 11.09%, and it achieved a return on equity of 16.74%. Earnings per share were $2.07. The next earnings report is scheduled for July 28, 2026.
Dividend
Corning pays an annual dividend rate of $1.12, yielding 0.44% with a payout ratio of 53.85%.
Insider Buying and Selling at Corning Incorporated
Recent insider transactions at Corning include sales by Senior Vice President & CHRO Michelle Gullo, who sold 18,378 shares at $209.83 on June 22, 2026. Chairman, CEO, and President Wendell Weeks sold 100,000 shares at $186.46 and bought 100,000 shares at $27.03 on June 9, 2026. Additionally, SVP and Chief Technology Officer Jaymin Amin sold 27,395 shares at $192.14 and bought 7,917 shares at $27.00 on May 22, 2026.
Analysts Set New Price Targets
On June 22, 2026, Truist Securities maintained a hold rating on Corning with a $205 price target. UBS maintained a buy rating with a $228 target on June 5, 2026. Mizuho also kept a buy rating, setting a target of $220 on May 12, 2026. Overall, the consensus rating is a buy, with an average target price of $206.07 based on 15 analyst opinions.
About Corning Incorporated
Corning Incorporated is a technology company based in Corning, New York. It operates in sectors such as optical communications, display technologies, and specialty materials. The company provides a range of products including optical fibers, cables, and glass substrates for various devices. Corning also manufactures products for the automotive and life sciences industries. Led by CEO Wendell P. Weeks, Corning employs around 67,200 people globally.
Bottom Line
Aberdeen Group's recent filing shows a slight reduction in its Corning holdings, highlighting its continued interest in the company. Investors track these filings as they provide insights into fund strategies, though they reflect past positions. Corning's ongoing developments in technology and materials make it a key player to watch in the electronic components industry.
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