TSP Capital Management Group LLC Sells 2,500 Shares of Corning Incorporated $GLW

02 Jul 2026, 11:48 by Michael Walen · The Markets Daily

TSP Capital Management Group LLC trimmed its stake in Corning Incorporated (NYSE:GLW – Free Report) by 16.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,500 shares of the electronics maker’s stock after selling 2,500 shares during the period. TSP Capital Management Group LLC’s holdings in Corning were worth $1,700,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Squire Investment Management Company LLC acquired a new stake in shares of Corning in the first quarter valued at about $252,000. Whelan Financial acquired a new position in shares of Corning in the first quarter worth approximately $276,000. Lederer & Associates Investment Counsel CA boosted its holdings in Corning by 0.8% in the first quarter. Lederer & Associates Investment Counsel CA now owns 18,893 shares of the electronics maker’s stock valued at $2,569,000 after acquiring an additional 152 shares during the last quarter. Tcfg Wealth Management LLC boosted its holdings in Corning by 11.9% in the first quarter. Tcfg Wealth Management LLC now owns 3,105 shares of the electronics maker’s stock valued at $422,000 after acquiring an additional 330 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its position in Corning by 7.3% during the 1st quarter. IFM Investors Pty Ltd now owns 165,459 shares of the electronics maker’s stock valued at $22,497,000 after purchasing an additional 11,263 shares during the period. 69.80% of the stock is owned by institutional investors.

Insider Transactions at Corning

In related news, SVP Michaune D. Tillman sold 3,260 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $207.02, for a total value of $674,885.20. Following the transaction, the senior vice president owned 10,174 shares of the company’s stock, valued at approximately $2,106,221.48. This trade represents a 24.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Wendell P. Weeks sold 100,000 shares of Corning stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total value of $18,646,000.00. Following the transaction, the chief executive officer owned 908,353 shares of the company’s stock, valued at $169,371,500.38. This trade represents a 9.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 160,655 shares of company stock valued at $30,692,560. Corporate insiders own 0.25% of the company’s stock.

Corning Price Performance

GLW stock opened at $220.72 on Thursday. Corning Incorporated has a 1 year low of $51.32 and a 1 year high of $271.78. The stock has a market capitalization of $189.96 billion, a PE ratio of 105.61, a price-to-earnings-growth ratio of 3.65 and a beta of 1.09. The company’s 50-day moving average is $189.43 and its 200-day moving average is $145.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06.

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

Corning Dividend Announcement

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 dividend of $0.28 per share. The ex-dividend date is Monday, August 31st. This represents a $1.12 annualized dividend and a yield of 0.5%. Corning’s dividend payout ratio is presently 53.59%.

More Corning News

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 further upside from recent levels and reinforcing bullish sentiment around the stock. Mizuho raises Corning price target
Positive Sentiment: Recent commentary highlights Corning’s strength in data center growth, which is supporting demand for its optical communications and specialty glass products and helping explain the stock’s move to record highs.
Positive Sentiment: Corning’s addition to the Russell Growth indexes could broaden ownership among growth-focused funds and ETFs, potentially creating incremental demand for shares. Corning joins Russell Growth Indexes
Positive Sentiment: Investors also remain focused on Corning’s recent dividend-related momentum and strong stock performance, which has kept the name on market screens for momentum and income buyers. Corning sets date for new dividend
Neutral Sentiment: Analyst coverage updates and general commentary from recent market articles suggest Corning remains a closely watched large-cap technology materials name, but no major new operational change was disclosed in those notes. Analysts offer insights on Corning
Negative Sentiment: Some recent coverage warns that after a steep multi-month advance, valuation and execution risks are increasing, which could limit near-term upside or trigger profit-taking.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Susquehanna boosted their price target on shares of Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Oppenheimer lifted their target price on shares of Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Truist Financial boosted their target price on shares of Corning from $149.00 to $205.00 and gave the company a “hold” rating in a report on Monday, June 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a research report on Friday, May 15th. Finally, Citigroup raised their target price on Corning from $175.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $186.46.

Check Out Our Latest Report on GLW

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.