Sumitomo Mitsui DS Asset Management Company 13F: Adds $3.7M to GLW Stake
Key Points
- Sumitomo Mitsui DS Asset Management lifted its Corning Incorporated holdings by 15.3% to 181,082 shares valued at roughly $27.8 million during the period.
- Corning recently traded around $132.35 as investors look toward the company's upcoming earnings report scheduled for October 27, 2026.
- Multiple company insiders executed stock sales earlier in the year, while Wall Street analysts hold a consensus buy rating on the shares with a mean target price of $187.71.
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Sumitomo Mitsui DS Asset Management Company grew its stake in Corning Incorporated NYSE:GLW by 15.3%, purchasing an additional 24,052 shares during the period. According to its Form 13F filing with the SEC on October 20, 2026, the fund held 181,082 shares of the electronic components maker worth about $27.8 million at the close of the quarter. Corning closed at $132.26 on the day of the filing.
GLW
Corning Incorporated
What Changed in Sumitomo Mitsui DS Asset Management's Corning Position
The fund expanded its previous holding of 157,030 shares up to 181,082 shares. This adjustment reflects a 15.3% increase in its position size, adding 24,052 shares to its portfolio value.
Other Institutional Activity in Corning
Other large funds also adjusted their positions in the technology company. Rakuten Investment Management grew its holdings by 13,497 shares, ending with 117,554 shares worth about $31.2 million. Aberdeen Group reduced its stake by 9,181 shares, leaving it with 558,867 shares valued at about $148.4 million. Cantor Fitzgerald Investment Advisors L.P. sold out entirely, liquidating its 69,258 shares. Ifm Investors lifted its position by 11,263 shares to finish with 165,459 shares worth roughly $43.9 million. Holocene Advisors made a much larger adjustment, adding 455,758 shares for a final total of 611,522 shares valued at approximately $162.3 million.
Corning Incorporated Stock Up 0.3%
Corning shares recently traded around $132.35 as of October 21, 2026, remaining roughly equal to the $132.26 close recorded on the filing date. The stock trades below its 50-day moving average of $154.43 and its 200-day moving average of $153.64. Over the past year, shares have moved between a low of $77.39 and a high of $271.78.
Recent Earnings
Corning reported $17.0 billion in trailing-twelve-month revenue alongside earnings of $2.18 per share. The company generated a net profit margin of 11.2% and a return on equity of 16.8%. The business is scheduled to release its next financial results on October 27, 2026.
Dividend
Corning pays an annual dividend rate of $1.12 per share, which translates to a dividend yield of 0.84%. The company's payout ratio stands at 51.4% of earnings.
Insider Buying and Selling at Corning Incorporated
Company insiders completed several transactions earlier in 2026. Chief Technology Officer Jaymin Amin sold 27,395 shares on May 22 at $192.14 per share for a total value of $5.3 million. Chief Executive Officer Wendell P. Weeks sold 100,000 shares on June 9 at $186.46 per share, totaling $18.6 million. Officer Lewis A Steverson disposed of 13,100 shares on August 28 at $151.29 per share, amounting to $2.0 million. Finally, officer Michelle L Gullo sold 9,874 shares on September 4 at $152.29 per share for a value of $1.5 million. None of these transactions were reported as part of a planned Rule 10b5-1 trading arrangement.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. China Renaissance initiated coverage on September 8 with a buy rating and a $238.00 price target. Mizuho maintained an outperform rating on September 15 while lowering its target from $210.00 to $180.00. Bernstein initiated coverage on September 30 with a market perform rating and a $140.00 price target. Truist Securities maintained a buy rating on October 2, raising its target from $175.00 to $182.00. UBS maintained a buy rating on October 5, lifting its target from $196.00 to $201.00. Overall, the stock carries a consensus buy recommendation from 17 analysts, with a mean price target of $187.71.
About Corning
Headquartered in Corning, New York, Corning Incorporated manufactures specialty glass, ceramics, and related materials used in optical communications, mobile consumer electronics, display technology, automotive systems, and life sciences laboratories. The company employs 67,200 people globally.
Bottom Line
Investors are keeping a close watch on Corning as the company prepares to report its quarterly earnings on October 27, 2026. Market participants will monitor whether upcoming financial results can help bridge the gap between current share prices and analyst expectations.
Related Filing Alerts
Source: Sumitomo Mitsui DS Asset Management Company's 13F filing on $GLW (Oct 20, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts