Wealthfront Advisers 13F: Adds $31M to Corning (GLW) Stake

Wealthfront Advisers has made a significant move in its investment in Corning Incorporated (NYSE:GLW), boosting its position by 172.5% according to the latest 13F filing with the SEC. The firm added 117,014 shares, bringing its total to 184,850 shares, valued at approximately $38.99 million as of the reporting period.

What Changed in Wealthfront Advisers' Corning Position

Wealthfront Advisers increased its stake in Corning from 67,836 shares to 184,850 shares, reflecting a 172.5% boost in its holdings. This substantial addition indicates a strong interest in the company, with the total value of the shares now reaching nearly $39 million.

Other Institutional Activity in Corning

Among Corning's other institutional investors, BlackRock, Inc. grew its holdings by 3,125,628 shares, ending with 66,710,492 shares worth about $9.07 billion. Vanguard Capital Management LLC opened a new position with 50,456,014 shares valued at approximately $6.86 billion. State Street Corp slightly trimmed its stake by 524,999 shares, now holding 36,263,357 shares valued at $4.93 billion. FMR LLC significantly increased its position by 10,458,914 shares to 24,909,423 shares, valued at $3.39 billion.

Corning Incorporated Stock Up 88.4%

As of Thursday, shares of Corning Incorporated (NYSE:GLW) traded near $210.91. The company boasts a market cap of $180.59 billion and a P/E ratio of 100.4, with a forward P/E of 49.9. Corning's stock has seen a 52-week low of $50.26 and a high of $212.39, with a 50-day moving average of $179.20 and a 200-day moving average of $120.57. The company's financial health is supported by a current ratio of 1.61 and a debt-to-equity ratio of 80.36.

Recent Earnings

Corning reported revenue of $16.32 billion with a modest growth rate of 0.2%. The company's net margin stands at 11.1%, and it achieved a return on equity of 16.7%. Earnings per share were reported at $2.09. The next earnings report is expected on July 28, 2026.

Dividend

Corning offers a dividend rate of $1.12, yielding 0.57% with a payout ratio of 53.85%. This provides a steady income stream for investors interested in dividend-paying stocks.

Insider Buying and Selling at Corning Incorporated

Recent insider activity at Corning included several transactions. On June 22, 2026, Senior Vice President & CHRO Michelle Gullo sold 18,378 shares at an average price of $209.83. On June 9, 2026, Chairman, CEO, and President Wendell Weeks sold and bought 100,000 shares at prices of $186.46 and $27.03, respectively. Additionally, SVP and Chief Technology Officer Jaymin Amin sold 27,395 shares at $192.14 on May 22, 2026.

Analysts Set New Price Targets

Analysts have recently set new price targets for Corning. On June 22, 2026, Truist Securities maintained a 'hold' rating with a target of $205. UBS, on June 5, 2026, maintained a 'buy' rating with a target of $228. Mizuho, on May 12, 2026, also maintained a 'buy' rating with a target of $220. The consensus among 15 analysts is a 'buy' recommendation, with a mean target price of $198.

About Corning Incorporated

Corning Incorporated is a leading player in the technology sector, specializing in electronic components. Headquartered in Corning, New York, the company operates across various segments, including optical communications, display technologies, and life sciences. Under the leadership of CEO Wendell P. Weeks, Corning employs approximately 67,200 people worldwide. Corning's products range from optical fibers and cables to glass substrates for displays and laboratory products.

Bottom Line

Wealthfront Advisers' significant increase in its stake in Corning Incorporated highlights the firm's confidence in the company's potential. While the 13F filing reflects past holdings, it offers insight into institutional interest in Corning. Investors often track such filings to gauge market sentiment and potential future performance.