Insider Selling: Corning (NYSE:GLW) Insider Sells $2,750,000.00 in Stock

Corning Incorporated (NYSE:GLW) insider Eric Musser sold 25,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the completion of the transaction, the insider owned 19,926 shares in the company, valued at $2,191,860. This trade represents a 55.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Corning Stock Performance

Shares of NYSE GLW opened at $109.79 on Thursday. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $117.30. The firm has a market capitalization of $94.13 billion, a price-to-earnings ratio of 59.67, a price-to-earnings-growth ratio of 1.95 and a beta of 1.13. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $91.61 and a 200 day 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 for the quarter, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, research analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Hedge Funds Weigh In On Corning

Institutional investors have recently bought and sold shares of the stock. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Corning during the 3rd quarter valued at about $25,000. REAP Financial Group LLC lifted its position in shares of Corning by 191.5% in the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after buying an additional 339 shares in the last quarter. Strengthening Families & Communities LLC bought a new position in Corning during the third quarter valued at approximately $27,000. Total Investment Management Inc. purchased a new position in Corning during the 2nd quarter valued at approximately $28,000. Finally, 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 valued at $30,000 after buying an additional 124 shares in the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GLW has been the topic of a number of analyst reports. Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Oppenheimer set a $120.00 target price on shares of Corning in a research note on Thursday, January 29th. Morgan Stanley upped their price target on shares of Corning from $98.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. Weiss Ratings downgraded shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 27th. Finally, Wolfe Research set a $130.00 target price on shares of Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Corning presently has a consensus rating of “Moderate Buy” and an average target price of $112.36.

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.