Corning (NYSE:GLW) Trading 1% Higher – Should You Buy?

Corning Incorporated (NYSE:GLW)’s share price traded up 1% during trading on Friday . The company traded as high as $194.98 and last traded at $193.8320. 8,317,725 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 12,039,673 shares. The stock had previously closed at $191.89.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Bank of America lifted their target price on Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Susquehanna lifted their target price on Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. UBS Group lifted their target price on Corning from $179.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Wolfe Research set a $130.00 price target on Corning and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Finally, Morgan Stanley set a $180.00 price target on Corning in a research note on Friday, May 8th. One 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. According to MarketBeat.com, Corning currently has a consensus rating of “Moderate Buy” and an average target price of $177.92.

Corning Trading Up 1.0%

The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The stock has a 50-day simple moving average of $161.56 and a two-hundred day simple moving average of $123.01. The firm has a market capitalization of $166.82 billion, a P/E ratio of 92.74, a price-to-earnings-growth ratio of 2.78 and a beta of 1.14.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.Corning’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities research analysts anticipate that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. Corning’s payout ratio is 53.59%.

Insider Transactions at Corning

In other Corning news, SVP Michaune D. Tillman sold 3,260 shares of Corning stock in a transaction on Monday, May 11th. The stock was sold at an average price of $207.02, for a total transaction of $674,885.20. Following the completion of the sale, the senior vice president directly owned 10,174 shares of the company’s stock, valued at $2,106,221.48. The trade was a 24.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Soumya Seetharam sold 20,000 shares of Corning stock in a transaction on Monday, May 11th. The shares were sold at an average price of $206.23, for a total value of $4,124,600.00. Following the sale, the senior vice president directly owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. This trade represents a 43.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 170,774 shares of company stock valued at $28,148,435. Company insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Corning in the 3rd quarter worth $25,000. Berbice Capital Management LLC bought a new position in shares of Corning in the 4th quarter worth $26,000. Basepoint Wealth LLC bought a new position in shares of Corning in the 4th quarter worth $26,000. Strengthening Families & Communities LLC bought a new position in shares of Corning in the 3rd quarter worth $27,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Corning in the 4th quarter worth $27,000. 69.80% of the stock is owned by 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.