Corning (NYSE:GLW) Shares Down 3.8% – Time to Sell?

Corning Incorporated (NYSE:GLW) was down 3.8% on Monday . The stock traded as low as $142.09 and last traded at $142.3560. Approximately 3,268,679 shares changed hands during trading, a decline of 71% from the average daily volume of 11,304,228 shares. The stock had previously closed at $147.92.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GLW. Susquehanna lifted their price objective on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. UBS Group lifted their price target on shares of Corning from $125.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 20th. Truist Financial initiated coverage on shares of Corning in a research note on Tuesday, March 31st. They issued a “hold” rating and a $125.00 price objective for the company. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, Barclays set a $100.00 target price on shares of Corning in a report on Thursday, January 29th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and an average price target of $132.08.

Corning Stock Performance

The company has a market capitalization of $124.16 billion, a P/E ratio of 78.63, a P/E/G ratio of 2.33 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The business’s fifty day simple moving average is $131.42 and its 200-day simple moving average is $102.22.

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

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, February 27th. Corning’s dividend payout ratio is currently 60.87%.

Insider Transactions at Corning

In other Corning news, CFO Edward A. Schlesinger sold 21,104 shares of Corning stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the transaction, the chief financial officer directly owned 54,780 shares of the company’s stock, valued at $5,727,249. This trade represents a 27.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Lewis A. Steverson sold 15,366 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the sale, the executive vice president owned 3,461 shares in the company, valued at $450,691.42. This represents a 81.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 233,201 shares of company stock valued at $32,614,558 in the last 90 days. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Corning

Several institutional investors have recently modified their holdings of GLW. Fund Advisors of America Inc FL bought a new stake in shares of Corning in the 4th quarter worth about $1,085,000. World Investment Advisors grew its holdings in Corning by 9.0% during the 4th quarter. World Investment Advisors now owns 31,276 shares of the electronics maker’s stock valued at $2,739,000 after purchasing an additional 2,587 shares during the last quarter. Winthrop Partners WNY LLC purchased a new stake in Corning in the 4th quarter worth about $1,541,000. Nalls Sherbakoff Group LLC bought a new stake in Corning in the fourth quarter worth about $45,000. Finally, DUTCH ASSET Corp purchased a new position in shares of Corning during the fourth quarter valued at approximately $782,000. 69.80% of the stock is owned by 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.