Rakuten Investment Management 13F: Adds $3.6M to GLW Stake

Rakuten Investment Management has taken a bigger stake in Corning Incorporated (NYSE: GLW). According to its latest 13F filing with the SEC, the fund increased its holdings by 12.97% during the last reporting period, adding 13,497 shares. This brings Rakuten's total to 117,554 shares, valued at about $31.2 million.

What Changed in Rakuten Investment Management's Corning Position

Rakuten Investment Management's decision to boost its investment in Corning reflects a 12.97% increase in its holdings. The fund added 13,497 shares, raising its total to 117,554 shares. As of the filing, this position is worth approximately $31.2 million.

Other Institutional Activity in Corning

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

Corning Incorporated Stock Up 88.4%

Shares of Corning (NYSE: GLW) traded near $265.46 on Wednesday. The company boasts a market cap of $219.8 billion and a P/E ratio of 123.4. Corning's stock has seen a 52-week low of $51.32 and a high of $271.78. It has a 50-day moving average of $185.02 and a 200-day moving average of $125.00. The company's beta is 1.155, indicating moderate volatility.

Recent Earnings

Corning reported revenue of $16.32 billion with a modest growth of 0.2%. The company achieved a net margin of 11.09% and a return on equity of 16.74%. Earnings per share stood at $2.07. Investors can look forward to the next earnings report on July 28, 2026.

Dividend

Corning pays an annual dividend of $1.12, yielding 0.44%. The payout ratio is 53.85%, indicating a balanced approach to returning profits to shareholders.

Insider Buying and Selling at Corning Incorporated

Recent insider activity at Corning includes Wendell Weeks, Chairman, CEO, and President, selling 100,000 shares at $186.46 on June 9, 2026, and buying 100,000 shares at $27.03 on the same day. Jaymin Amin, SVP and Chief Technology Officer, sold 27,395 shares at $192.14 on May 22, 2026, but also purchased 7,917 shares at $27.00.

Analysts Set New Price Targets

Analysts have weighed in on Corning with a range of price targets. On June 22, 2026, Truist Securities maintained a hold rating with a $205 target. UBS, on June 5, 2026, reiterated a buy rating with a $228 target. Mizuho maintained its buy rating with a $220 target on May 12, 2026. The consensus among 15 analysts is a buy, with an average target price of $206.07.

About Corning Incorporated

Corning Incorporated is a technology company specializing in electronic components. Headquartered in Corning, New York, it operates in five main areas: optical communications, display technologies, specialty materials, environmental technologies, and life sciences. The company is led by CEO Wendell P. Weeks and employs around 67,200 people globally. Corning is known for its innovation in glass and ceramics, serving industries ranging from telecommunications to automotive and life sciences.

Bottom Line

Rakuten Investment Management's increased stake in Corning highlights confidence in the company's future. While this 13F filing provides a snapshot of past holdings, it may not reflect the current position. Investors and analysts keep an eye on Corning for its technological advancements and market presence, as reflected in the insider activities and analyst ratings.