Brokerages Set Corning Incorporated (NYSE:GLW) PT at $93.09

Corning Incorporated (NYSE:GLW) has earned an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $93.0909.

GLW has been the topic of a number of research analyst reports. Mizuho set a $97.00 target price on Corning in a research report on Wednesday, October 29th. Wall Street Zen cut Corning from a “strong-buy” rating to a “hold” rating in a research note on Saturday, September 13th. Susquehanna increased their target price on Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a report on Monday. Finally, Oppenheimer set a $100.00 target price on Corning and gave the company an “outperform” rating in a research report on Wednesday, October 29th.

Insider Buying and Selling at Corning

In other news, CFO Edward A. Schlesinger sold 20,893 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $91.25, for a total transaction of $1,906,486.25. Following the sale, the chief financial officer owned 66,959 shares of the company’s stock, valued at approximately $6,110,008.75. This represents a 23.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stefan Becker sold 12,100 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $91.28, for a total value of $1,104,488.00. Following the completion of the sale, the senior vice president owned 5,049 shares in the company, valued at approximately $460,872.72. The trade was a 70.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 156,135 shares of company stock valued at $14,088,769 in the last quarter. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Corning

Large investors have recently bought and sold shares of the stock. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Corning during the third quarter worth approximately $25,000. Strengthening Families & Communities LLC purchased a new position in Corning in the third quarter worth approximately $27,000. Cornerstone Planning Group LLC grew its holdings in Corning by 58.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 124 shares in the last quarter. Financial Management Professionals Inc. increased its position in shares of Corning by 111.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 200 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in shares of Corning in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Stock Down 0.2%

Shares of NYSE:GLW opened at $88.82 on Friday. The company has a market capitalization of $76.15 billion, a price-to-earnings ratio of 56.21, a PEG ratio of 1.95 and a beta of 1.11. Corning has a 12-month low of $37.31 and a 12-month high of $96.64. The business has a 50-day moving average price of $86.43 and a 200 day moving average price of $73.70. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last announced its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Corning had a net margin of 9.16% and a return on equity of 18.12%. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period last year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Sell-side analysts expect that Corning will post 2.33 EPS for the current year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 14th were issued a $0.28 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.3%. Corning’s payout ratio is 70.89%.

About Corning

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.