Corning (NYSE:GLW) Stock Price Down 2.5% After Insider Selling

Corning Incorporated (NYSE:GLW) shares were down 2.5% during mid-day trading on Tuesday after an insider sold shares in the company. The stock traded as low as $127.79 and last traded at $128.14. Approximately 12,695,176 shares changed hands during trading, an increase of 41% from the average daily volume of 8,981,712 shares. The stock had previously closed at $131.39.

Specifically, insider Eric S. Musser sold 15,000 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $130.25, for a total value of $1,953,750.00. Following the sale, the insider owned 4,926 shares in the company, valued at $641,611.50. The trade was a 75.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Li Fang sold 9,797 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total value of $1,112,057.47. The SEC filing for this sale provides additional information.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GLW. Citigroup boosted their price objective on Corning from $102.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Weiss Ratings downgraded shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 27th. Wolfe Research set a $130.00 price target on shares of Corning and gave the company an “outperform” rating in a report on Tuesday, January 27th. Oppenheimer set a $120.00 target price on Corning in a research note on Thursday, January 29th. Finally, Barclays set a $100.00 target price on shares of Corning in a research report on Thursday, January 29th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.36.

Corning Price Performance

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 market cap of $109.86 billion, a price-to-earnings ratio of 69.64, a P/E/G ratio of 2.12 and a beta of 1.13. The stock’s fifty day moving average price is $93.92 and its 200-day moving average price is $82.97.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GLW. Beese Fulmer Investment Management Inc. lifted its position in shares of Corning by 2.5% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker’s stock worth $336,000 after purchasing an additional 92 shares during the last quarter. 3Chopt Investment Partners LLC boosted its holdings in Corning by 1.0% in the 4th quarter. 3Chopt Investment Partners LLC now owns 10,248 shares of the electronics maker’s stock valued at $897,000 after purchasing an additional 97 shares in the last quarter. Patten & Patten Inc. TN raised its position in Corning by 0.6% in the fourth quarter. Patten & Patten Inc. TN now owns 17,796 shares of the electronics maker’s stock worth $1,558,000 after acquiring an additional 100 shares in the last quarter. Joel Isaacson & Co. LLC grew its holdings in shares of Corning by 0.5% in the 4th quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker’s stock worth $1,797,000 after acquiring an additional 102 shares during the period. Finally, CVA Family Office LLC raised its position in Corning by 10.3% during the third 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. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

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.