Keybank National Association OH Has $95.65 Million Stock Position in Corning Incorporated $GLW

03 Jul 2026, 11:46 by Danessa Lincoln · The Markets Daily

Keybank National Association OH lowered its holdings in shares of Corning Incorporated (NYSE:GLW – Free Report) by 1.4% in the first quarter, HoldingsChannel reports. The firm owned 703,463 shares of the electronics maker’s stock after selling 10,267 shares during the period. Keybank National Association OH’s holdings in Corning were worth $95,650,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Corning by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 99,283,317 shares of the electronics maker’s stock worth $8,693,247,000 after acquiring an additional 580,678 shares during the last quarter. State Street Corp lifted its holdings in Corning by 1.2% during the 3rd quarter. State Street Corp now owns 37,008,856 shares of the electronics maker’s stock valued at $3,035,836,000 after purchasing an additional 439,883 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Corning by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 20,411,824 shares of the electronics maker’s stock valued at $1,781,250,000 after purchasing an additional 517,067 shares during the last quarter. Capital Research Global Investors boosted its position in Corning by 52.7% during the fourth quarter. Capital Research Global Investors now owns 16,890,802 shares of the electronics maker’s stock worth $1,478,959,000 after purchasing an additional 5,831,873 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Corning by 30.3% in the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after purchasing an additional 3,848,540 shares during the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

Positive Sentiment: Mizuho raised its price target on Corning to $270 from $220 and kept an outperform rating, signaling confidence that the AI/data-center buildout still supports further upside. Benzinga report on Mizuho price target hike
Positive Sentiment: Several reports highlighted Corning’s exposure to AI-driven fiber demand, new hyperscaler deals, and margin improvement, which are helping explain why the stock has surged over the past year. Yahoo Finance article on Corning stock gains
Positive Sentiment: Analyst and momentum coverage continues to describe Corning as a strong long-term momentum name, reinforcing the bullish narrative around secular growth in connectivity and data-center infrastructure. Zacks momentum article on Corning
Neutral Sentiment: Commentary noted Corning has delivered an exceptional multi-year advance, which keeps the stock in focus for investors evaluating whether the valuation can be sustained after such a steep rally. MSN/Zacks momentum coverage
Negative Sentiment: One article said Corning’s 13.6% single-day drop may reflect investor concerns that the AI fiber trade is cracking, though it could also simply be a pullback after a parabolic move. 247WallSt article on Corning drop
Negative Sentiment: Risks remain from competition, China exposure, and consumer electronics weakness, which could limit how much of the AI-driven optimism translates into earnings growth. Yahoo Finance risk discussion

Analysts Set New Price Targets

GLW has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a research report on Friday, May 15th. Bank of America increased their price target on shares of Corning from $155.00 to $186.00 and gave the company a “buy” rating in a report on Monday, April 20th. Wall Street Zen downgraded shares of Corning from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. UBS Group boosted their price objective on Corning from $223.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Finally, Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Corning has a consensus rating of “Moderate Buy” and a consensus target price of $186.46.

Get Our Latest Research Report on Corning

Corning Stock Down 11.1%

GLW stock opened at $196.12 on Friday. The company has a market cap of $168.79 billion, a PE ratio of 93.84, a price-to-earnings-growth ratio of 3.16 and a beta of 1.09. The business has a 50-day simple moving average of $190.04 and a 200 day simple moving average of $146.03. Corning Incorporated has a 52 week low of $51.32 and a 52 week high of $271.78. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts anticipate that Corning Incorporated will post 3.19 EPS for the current fiscal year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be given a dividend of $0.28 per share. The ex-dividend date is Monday, August 31st. This represents a $1.12 annualized dividend and a dividend yield of 0.6%. Corning’s dividend payout ratio (DPR) is currently 53.59%.

Insiders Place Their Bets

In other Corning news, VP John Z. Zhang sold 10,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the completion of the sale, the vice president directly owned 5,138 shares in the company, valued at $1,019,070.92. This represents a 66.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michaune D. Tillman sold 3,260 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $207.02, for a total value of $674,885.20. Following the completion of the sale, the senior vice president directly owned 10,174 shares in the company, valued at approximately $2,106,221.48. This represents a 24.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 160,655 shares of company stock valued at $30,692,560 over the last three months. 0.25% of the stock is owned by corporate insiders.

Corning Profile

(Free Report)

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.