Jaymin Amin Sells 27,395 Shares of Corning (NYSE:GLW) Stock

Corning Incorporated (NYSE:GLW) SVP Jaymin Amin sold 27,395 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the completion of the sale, the senior vice president directly owned 94,400 shares in the company, valued at $18,138,016. This represents a 22.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Corning Price Performance

Shares of NYSE GLW opened at $190.97 on Thursday. Corning Incorporated has a 1-year low of $48.88 and a 1-year high of $211.79. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The business’s fifty day moving average price is $165.37 and its two-hundred day moving average price is $125.52. The firm has a market capitalization of $164.35 billion, a PE ratio of 91.37, a P/E/G ratio of 2.81 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, topping the consensus estimate of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, research analysts expect that Corning Incorporated will post 3.19 EPS for the current year.

Corning Announces Dividend

The business 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 $0.28 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 annualized dividend and a yield of 0.6%. Corning’s dividend payout ratio (DPR) is currently 53.59%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Security Financial Services INC. bought a new position in Corning during the first quarter valued at about $222,000. Axiom Investment Management LLC bought a new position in Corning during the first quarter valued at about $1,846,000. Summitry LLC bought a new position in Corning during the first quarter valued at about $26,747,000. WNY Asset Management LLC bought a new position in Corning during the first quarter valued at about $407,000. Finally, Verus Capital Partners LLC bought a new position in Corning during the first quarter valued at about $299,000. Institutional investors own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GLW. Oppenheimer raised their price target on Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Zacks Research raised Corning from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Barclays raised their price target on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Truist Financial raised their price target on Corning from $125.00 to $149.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their price target on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned 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 $177.92.

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.