Corning Incorporated (NYSE:GLW) Receives $93.36 Consensus PT from Analysts

Shares of Corning Incorporated (NYSE:GLW) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $93.3636.

A number of research firms have commented on GLW. Mizuho set a $97.00 price target on Corning in a research note on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price objective on Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a report on Monday, December 29th. UBS Group reaffirmed a “buy” rating and issued a $109.00 target price (up from $100.00) on shares of Corning in a research report on Friday, November 21st. Finally, Morgan Stanley boosted their price target on shares of Corning from $82.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th.

Corning Trading Down 1.0%

Shares of GLW stock opened at $93.37 on Thursday. Corning has a 1-year low of $37.31 and a 1-year high of $96.64. The firm has a market cap of $80.05 billion, a PE ratio of 59.09, a price-to-earnings-growth ratio of 1.64 and a beta of 1.13. The company has a 50-day moving average of $87.63 and a two-hundred day moving average of $78.39. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.00.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.24 billion. Corning had a net margin of 9.16% and a return on equity of 18.12%. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, analysts predict that Corning will post 2.33 EPS for the current year.

Insider Buying and Selling at Corning

In other Corning news, SVP Stefan Becker sold 12,100 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president owned 5,049 shares of the company’s stock, valued at $460,872.72. This trade represents a 70.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $1,906,486.25. Following the sale, the chief financial officer directly owned 66,959 shares in the company, valued at $6,110,008.75. This represents a 23.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 156,135 shares of company stock valued at $14,088,769 in the last quarter. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Corning

A number of hedge funds have recently bought and sold shares of GLW. Capital Research Global Investors purchased a new stake in shares of Corning during the third quarter worth approximately $907,164,000. Norges Bank acquired a new position in Corning during the 2nd quarter worth approximately $534,936,000. WCM Investment Management LLC purchased a new stake in shares of Corning in the 3rd quarter valued at approximately $676,931,000. Wellington Management Group LLP raised its holdings in shares of Corning by 30.3% in the 3rd quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after purchasing an additional 3,848,540 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Corning by 748.0% during the 3rd quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock worth $260,014,000 after purchasing an additional 2,795,948 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

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.