Corning Incorporated (NYSE:GLW) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Corning Incorporated (NYSE:GLW) have received a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $194.6923.

Several brokerages have weighed in on GLW. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a research report on Friday, May 15th. Barclays boosted their price objective on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Truist Financial raised their target price on Corning from $149.00 to $205.00 and gave the stock a “hold” rating in a report on Monday, June 22nd. Finally, Morgan Stanley set a $180.00 price target on Corning in a research report on Friday, May 8th.

Insider Activity

In related news, SVP Jaymin Amin sold 27,395 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total value of $5,263,675.30. Following the completion of the transaction, the senior vice president directly owned 94,400 shares in the company, valued at $18,138,016. The trade was a 22.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John Z. Zhang sold 10,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the sale, the vice president directly owned 5,138 shares in the company, valued at $1,019,070.92. This trade represents a 66.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 160,655 shares of company stock worth $30,692,560. 0.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Corning

Several hedge funds have recently modified their holdings of GLW. Berbice Capital Management LLC purchased a new position in Corning during the fourth quarter worth approximately $26,000. Basepoint Wealth LLC purchased a new stake in shares of Corning in the fourth quarter valued at approximately $26,000. Atwood & Palmer Inc. acquired a new position in shares of Corning during the 2nd quarter worth approximately $26,000. Kemnay Advisory Services Inc. acquired a new position in shares of Corning during the 4th quarter worth approximately $27,000. Finally, Litman Gregory Wealth Management LLC purchased a new position in shares of Corning during the 4th quarter valued at approximately $31,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Stock Performance

Shares of NYSE GLW opened at $152.97 on Thursday. The company has a 50 day simple moving average of $191.73 and a two-hundred day simple moving average of $153.75. The stock has a market cap of $131.65 billion, a price-to-earnings ratio of 73.19, a PEG ratio of 2.03 and a beta of 1.09. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. Corning has a 12 month low of $53.29 and a 12 month high of $271.78.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, analysts predict that Corning will post 3.18 earnings per share for the current year.

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. Corning’s dividend payout ratio (DPR) is presently 53.59%.

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.