Corning (NYSE:GLW) Trading Up 4.5% – Should You Buy?

Corning Incorporated (NYSE:GLW)’s share price was up 4.5% on Monday . The stock traded as high as $129.61 and last traded at $128.8360. Approximately 15,689,410 shares changed hands during mid-day trading, an increase of 43% from the average daily volume of 10,966,553 shares. The stock had previously closed at $123.29.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. UBS Group lifted their target price on shares of Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Oppenheimer set a $120.00 price target on shares of Corning in a report on Thursday, January 29th. Finally, Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.42.

Corning Trading Up 4.5%

The business’s fifty day moving average price is $113.50 and its 200 day moving average price is $93.20. 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 firm has a market capitalization of $110.53 billion, a PE ratio of 70.02, a P/E/G ratio of 2.13 and a beta of 1.04.

Corning (NYSE:GLW) last announced its quarterly earnings data 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. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, analysts expect that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio is currently 60.87%.

Insider Buying and Selling at Corning

In related news, CEO Wendell P. Weeks sold 137,514 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total value of $21,365,550.18. Following the completion of the transaction, the chief executive officer directly owned 750,585 shares in the company, valued at approximately $116,618,391.45. This represents a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lewis A. Steverson sold 15,366 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total value of $2,000,960.52. Following the transaction, the executive vice president owned 3,461 shares in the company, valued at $450,691.42. This trade represents a 81.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 233,201 shares of company stock valued at $32,614,558. 0.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Corning

Large investors have recently modified their holdings of the stock. Corient Private Wealth LLC raised its holdings in shares of Corning by 18.5% during the 4th quarter. Corient Private Wealth LLC now owns 286,225 shares of the electronics maker’s stock valued at $25,071,000 after buying an additional 44,739 shares during the period. Hsbc Holdings PLC boosted its holdings in Corning by 0.5% in the 4th quarter. Hsbc Holdings PLC now owns 1,647,264 shares of the electronics maker’s stock worth $144,527,000 after acquiring an additional 8,654 shares during the period. Bayban acquired a new stake in Corning in the fourth quarter valued at approximately $52,000. Rehmann Capital Advisory Group grew its position in Corning by 6.1% in the fourth quarter. Rehmann Capital Advisory Group now owns 3,403 shares of the electronics maker’s stock valued at $298,000 after acquiring an additional 195 shares in the last quarter. Finally, SHP Wealth Management purchased a new stake in shares of Corning during the fourth quarter valued at approximately $109,000. 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.