Corning (NYSE:GLW) Given New $185.00 Price Target at JPMorgan Chase & Co.

Corning (NYSE:GLW) had its price target boosted by JPMorgan Chase & Co. from $175.00 to $185.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the electronics maker’s stock.

Several other analysts also recently commented on the stock. Zacks Research raised shares of Corning from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. UBS Group upped their price objective on shares of Corning from $179.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday. Fox Advisors downgraded shares of Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Truist Financial upped their price objective on shares of Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a report on Wednesday, April 29th. Finally, Morgan Stanley upped their price objective on shares of Corning from $127.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $172.15.

Corning Stock Up 2.6%

GLW stock traded up $4.79 during trading hours on Thursday, hitting $187.19. The company’s stock had a trading volume of 16,288,207 shares, compared to its average volume of 11,603,226. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $161.10 billion, a PE ratio of 89.42, a price-to-earnings-growth ratio of 2.59 and a beta of 1.14. Corning has a 12 month low of $44.83 and a 12 month high of $198.25. The stock has a 50 day moving average price of $150.46 and a two-hundred day moving average price of $115.11.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities research analysts expect that Corning will post 3.17 earnings per share for the current year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s dividend payout ratio is currently 53.59%.

Insider Buying and Selling

In other news, insider Eric S. Musser sold 15,000 shares of the firm’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 approximately $641,611.50. This trade represents a 75.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Lewis A. Steverson sold 15,366 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the completion of the sale, the executive vice president owned 3,461 shares in the company, valued at approximately $450,691.42. The trade was a 81.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 177,256 shares of company stock valued at $26,541,572 in the last ninety days. Company insiders own 0.25% of the company’s stock.

Institutional Trading of Corning

A number of hedge funds have recently bought and sold shares of GLW. Brighton Jones LLC boosted its holdings in Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after purchasing an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. bought a new stake in Corning in the 1st quarter valued at $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Corning by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock valued at $2,962,000 after purchasing an additional 5,522 shares during the period. Sivia Capital Partners LLC bought a new stake in Corning in the 2nd quarter valued at $401,000. Finally, Schnieders Capital Management LLC. bought a new stake in Corning in the 2nd quarter valued at $266,000. 69.80% of the stock is owned by institutional investors.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Nvidia has paid several billion dollars to help fund new Corning factories and confirmed an equity stake (up to $3.2B), reducing Corning’s capex burden and deepening the commercial partnership — increases revenue visibility for GLW. Nvidia funds construction of Corning plants, addition to equity investment
• Positive Sentiment: The companies announced a joint manufacturing expansion that will create ~3,000 jobs across North Carolina and Texas as Corning scales US optical production to serve AI data centers — a material boost to long‑term capacity and customer stickiness. Nvidia, Corning plan 3,000-job manufacturing expansion across North Carolina and Texas
• Positive Sentiment: Corning’s deal with Nvidia includes a strategic supply agreement (reported ~$500M initial scope) and direct funding for plant construction—moves that reframe GLW as an AI‑infrastructure supplier rather than a cyclical glassmaker. Nvidia funds construction of Corning plants, in addition to equity investment
• Positive Sentiment: Nvidia CEO Jensen Huang touted the partnership as revitalizing American manufacturing and said Corning will increase optical manufacturing capacity in the U.S. tenfold—an endorsement that supports durable demand expectations. Nvidia CEO says AI partnership with Corning will ‘revitalize American manufacturing’
• Positive Sentiment: Several analysts raised targets: Citigroup to $225 and Oppenheimer to $210 (both bullish/on outperform views), signaling institutional upward re‑rating of GLW after the Nvidia news. Benzinga coverage of price target changes
• Positive Sentiment: High‑profile media and pundits (including Jim Cramer) are publicly bullish, adding retail attention and momentum to the stock. Jim Cramer Makes Big Prediction About Corning (GLW)
• Neutral Sentiment: MarketBeat and other analysts note GLW is being repriced as an AI infrastructure play, which improves the narrative but also changes the risk profile investors should model. Light Speed Returns: Corning Cashes In on NVIDIA Growth
• Neutral Sentiment: Some coverage highlights conflicting analyst views across tech names, reflecting divergence on duration of AI optics demand vs. near‑term cyclicality. Analysts Have Conflicting Sentiments on These Technology Companies
• Neutral Sentiment: Separately, some optics peers pulled back as the optics trade cooled, a reminder GLW’s sector can be volatile even amid company‑specific wins. Applied Optoelectronics Crashes 14%, Coherent Slides 10%…
• Negative Sentiment: Valuation caution: analysis pieces question whether recent gains (hundreds of % YTD) have priced in too much optimism and warn GLW could be extended relative to fundamentals. That increases downside risk on any execution hiccup. Is Corning (GLW) Getting Ahead Of Itself After A 311% One Year Surge?

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.