Corning (NYSE:GLW) Shares Up 4.2% – Should You Buy?

Corning Incorporated (NYSE:GLW)’s stock price was up 4.2% during trading on Tuesday . The company traded as high as $152.91 and last traded at $151.3930. Approximately 14,965,649 shares traded hands during trading, an increase of 54% from the average daily volume of 9,716,989 shares. The stock had previously closed at $145.25.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GLW. Morgan Stanley boosted their price objective on shares of Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a research report on Monday. HSBC restated a “buy” rating and set a $135.00 price target on shares of Corning in a report on Friday, February 13th. JPMorgan Chase & Co. increased their price objective on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Argus boosted their target price on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, UBS Group raised their price target on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and a consensus target price of $125.42.

Corning Stock Performance

The firm has a market capitalization of $128.94 billion, a P/E ratio of 81.68, a price-to-earnings-growth ratio of 2.77 and a beta of 1.13. The business’s 50 day simple moving average is $107.02 and its two-hundred day simple moving average is $89.58. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last posted its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating 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 business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Sell-side analysts anticipate that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning’s payout ratio is presently 60.87%.

Insider Activity at Corning

In other news, insider Eric S. Musser sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the insider owned 4,926 shares in the company, valued at $641,611.50. This represents a 75.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Li Fang sold 9,797 shares of the business’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 transaction of $1,112,057.47. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 95,687 shares of company stock valued at $11,249,008 in the last 90 days. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Corning

A number of hedge funds have recently modified their holdings of the business. Beese Fulmer Investment Management Inc. grew its holdings in Corning by 2.5% during 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 during the period. 3Chopt Investment Partners LLC grew its stake in shares of Corning by 1.0% during the 4th quarter. 3Chopt Investment Partners LLC now owns 10,248 shares of the electronics maker’s stock valued at $897,000 after acquiring an additional 97 shares during the period. Patten & Patten Inc. TN increased its holdings in Corning by 0.6% in the 4th 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. Vermillion Wealth Management Inc. raised its stake in Corning by 32.8% during the 4th quarter. Vermillion Wealth Management Inc. now owns 405 shares of the electronics maker’s stock worth $36,000 after acquiring an additional 100 shares during the period. Finally, Joel Isaacson & Co. LLC lifted its holdings in Corning by 0.5% during the fourth quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker’s stock valued at $1,797,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 69.80% of the company’s stock.

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.