National Pension Service 13F: Cuts Corning (GLW) Stake by $25M

National Pension Service, the massive public pension fund based in South Korea, reduced its investment in Corning Incorporated (NYSE: GLW) by 4.19% during the most recent reporting period. According to its latest 13F filing with the SEC, the fund sold 95,826 shares, leaving it with a total of 2,193,110 shares. At the time of the filing, the remaining stake was valued at approximately $582.18 million.

Shifting Stakes in Corning

This recent trim brought the National Pension Service's position down from a previous count of 2,288,936 shares. As a large-scale institutional investor, this fund typically manages a highly diversified global portfolio, and minor adjustments like this often reflect routine rebalancing rather than a change in its long-term view of a company. The filing provides a snapshot of the fund's holdings as of the end of the quarter and does not necessarily represent where the position stands today.

Stock Near 52-Week Highs

On Thursday, Corning shares were trading at $265.46. The stock has shown significant strength lately, trading very close to its 52-week high of $271.78 and far above its 52-week low of $77.39. This upward trend has pushed the stock well past its 200-day moving average of $153.43. With a market capitalization of $119.24 billion, the company currently has a P/E ratio of 63.5, though its forward P/E—which estimates future earnings—is more modest at 31.7.

Recent Earnings Performance

Corning reported revenue of $16.96 billion in its most recent disclosures, achieving a growth rate of 16.6%. The company's profitability remains steady with a net margin of 11.2% and a return on equity of 16.8%. Investors are looking toward the next financial update, which is scheduled for October 27, 2026. This upcoming report will provide more clarity on whether the company can sustain its double-digit revenue growth.

Dividend Stability

For investors focused on income, Corning provides an annual dividend yield of 0.81%. The company currently uses about 51% of its earnings to cover these payments to shareholders. This payout ratio suggests the company is balancing its commitment to returning cash to investors with the need to reinvest in its various technology and glass businesses.

Analysts Set New Price Targets

Several Wall Street firms have updated their views on Corning recently. On October 5, 2026, UBS maintained a Buy rating and lifted its price target to $201.00. Truist Securities also kept a Buy rating on October 2, 2026, with a target of $182.00. Earlier in the year, China Renaissance initiated coverage on September 8, 2026, with a Buy rating and a high-end price target of $238.00. While Bernstein took a more cautious stance with a Market Perform rating and a $140.00 target on September 30, 2026, the overall consensus among the 17 analysts following the stock remains a Buy.

Specialized Materials Innovation

Corning is a specialized manufacturer known for its expertise in glass science, ceramics, and optical physics. The company creates the ultra-tough glass used in smartphones, the fiber optics that power the internet, and the specialized substrates used in automotive emissions control. Its products are essential components for global telecommunications and consumer electronics, making it a bellwether for those industries.

What's Ahead for Corning Incorporated

As the National Pension Service trims its exposure, investors will be watching to see if other large institutions follow suit or if the stock's momentum continues. The upcoming earnings announcement on October 27, 2026, will be the next major catalyst for the stock. While 13F filings are backward-looking and don't show real-time trades, they provide a valuable look at how the world's largest pension funds are managing their capital in the technology sector.