Corning (NYSE:GLW) SVP Li Fang Sells 9,797 Shares

Corning Incorporated (NYSE:GLW) SVP Li Fang sold 9,797 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total transaction of $1,112,057.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Corning Stock Performance

NYSE:GLW traded up $3.01 during midday trading on Thursday, reaching $112.70. The stock had a trading volume of 9,905,262 shares, compared to its average volume of 8,414,073. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The stock has a market cap of $96.62 billion, a P/E ratio of 61.25, a P/E/G ratio of 1.95 and a beta of 1.13. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $117.30. The firm has a fifty day simple moving average of $91.61 and a two-hundred day simple moving average of $81.37.

Corning (NYSE:GLW) last issued its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the company earned $0.57 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities analysts expect that Corning Incorporated will post 2.33 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Susquehanna increased their price objective on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Barclays set a $100.00 target price on Corning in a research note on Thursday, January 29th. Citigroup increased their price target on Corning from $102.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, UBS Group reissued a “buy” rating and set a $125.00 price target on shares of Corning in a research note on Friday, January 30th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $112.36.

Institutional Investors Weigh In On Corning

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Beese Fulmer Investment Management Inc. grew its holdings in shares of Corning by 2.5% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker’s stock valued at $336,000 after purchasing an additional 92 shares in the last quarter. Patten & Patten Inc. TN increased its holdings in shares of Corning by 0.6% during the 4th quarter. Patten & Patten Inc. TN now owns 17,796 shares of the electronics maker’s stock valued at $1,558,000 after purchasing an additional 100 shares in the last quarter. Joel Isaacson & Co. LLC raised its position in shares of Corning by 0.5% during the 4th quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker’s stock worth $1,797,000 after purchasing an additional 102 shares during the last quarter. CVA Family Office LLC increased its stake in shares of Corning by 10.3% in the 3rd quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock worth $98,000 after acquiring an additional 111 shares during the last quarter. Finally, Angeles Wealth Management LLC raised its stake in shares of Corning by 2.8% in the 3rd quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker’s stock valued at $348,000 after acquiring an additional 116 shares during the period. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Company Profile

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.