Corning (NYSE:GLW) Shares Up 8.5% on Analyst Upgrade

Corning Incorporated (NYSE:GLW)’s stock price was up 8.5% during mid-day trading on Tuesday after Bank of America raised their price target on the stock from $144.00 to $155.00. Bank of America currently has a buy rating on the stock. Corning traded as high as $145.50 and last traded at $142.13. Approximately 20,908,723 shares changed hands during mid-day trading, an increase of 84% from the average daily volume of 11,339,225 shares. The stock had previously closed at $130.97.

A number of other research firms have also recently issued reports on GLW. Citigroup raised their price target on shares of Corning from $120.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Barclays set a $100.00 target price on Corning in a research note on Thursday, January 29th. Susquehanna lifted their price target on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Finally, Mizuho set a $145.00 price target on Corning in a research note on Monday, February 23rd. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $132.67.

Insider Transactions at Corning

In related news, CEO Wendell P. Weeks sold 137,514 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the transaction, the chief executive officer owned 750,585 shares of the company’s stock, valued at $116,618,391.45. This trade represents a 15.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Avery H. Nelson III sold 1,583 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $128.74, for a total transaction of $203,795.42. Following the transaction, the chief operating officer owned 59,788 shares of the company’s stock, valued at $7,697,107.12. This represents a 2.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 233,201 shares of company stock valued at $32,614,558. 0.32% of the stock is owned by corporate insiders.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Bank of America raised its price target on Corning to $155 and moved to a “buy” rating, signaling analyst conviction that optical demand tied to AI and data-center spending will drive revenue growth. Corning (GLW) Stock Surges 5%+ as BofA Upgrades Target Amid AI Optical Expansion
• Positive Sentiment: Coverage lift and analyst optimism around AI demand are cited as key catalysts for today’s rally, reinforcing a better near-term outlook for Corning’s optical components and glass businesses. Corning stock jumps 9% as AI demand, analyst boost lift outlook
• Positive Sentiment: Market write-ups note Corning unveiled AI-focused optical innovations and received favorable analyst commentary, which together are being interpreted as evidence of strengthening market demand for the company’s data-center and AI-related products. Why Are Corning (GLW) Shares Soaring Today
• Positive Sentiment: Coverage noting the BofA target raise (reported broadly) contributes to technical and sentiment momentum; some outlets explicitly tie the upgrade to AI-driven optical expansion. Benzinga
• Neutral Sentiment: Jim Cramer mentioned Corning on Mad Money, advising caution — saying he’d buy after any selloff rather than now — which is a mixed signal for retail momentum. Jim Cramer on Corning Incorporated: “We’ll pick some up after the sell, not before”
• Neutral Sentiment: Some of Corning’s jump aligns with a broader S&P 500 tech rally and widespread enthusiasm for AI names — that market tailwind may amplify moves but is not unique to Corning. Corning (NYSE:GLW) Shares Rise 3.2% Amid S&P 500 Tech Rally
• Neutral Sentiment: Broader analyst commentary on AI stocks—some predicting large multi-year upside—supports sector-level flows into Corning but represents macro/sector momentum rather than company-specific fundamentals. Wall Street Predicts These 3 AI Stocks Will Double in 4 Years

Institutional Trading of Corning

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in Corning by 46.0% in the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after acquiring an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. acquired a new stake in shares of Corning during the 1st quarter worth approximately $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Corning by 9.3% during 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 in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Corning in the 2nd quarter valued at $401,000. Finally, Schnieders Capital Management LLC. acquired a new position in shares of Corning in the 2nd quarter valued at $266,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Price Performance

The stock’s fifty day moving average is $122.87 and its 200-day moving average is $98.09. The stock has a market capitalization of $121.94 billion, a PE ratio of 77.24, a P/E/G ratio of 1.97 and a beta of 1.04. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04.

Corning (NYSE:GLW) last released 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 company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, equities analysts predict that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. Corning’s dividend payout ratio is presently 60.87%.

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.