Michaune Tillman Sells 3,260 Shares of Corning (NYSE:GLW) Stock

Corning Incorporated (NYSE:GLW) SVP Michaune Tillman sold 3,260 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $207.02, for a total value of $674,885.20. Following the sale, the senior vice president owned 10,174 shares in the company, valued at approximately $2,106,221.48. The trade was a 24.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Corning Trading Up 4.3%

Shares of NYSE:GLW opened at $206.71 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 52-week low of $46.77 and a 52-week high of $211.79. The stock has a market cap of $177.90 billion, a price-to-earnings ratio of 98.90, a PEG ratio of 2.84 and a beta of 1.14. The business has a 50-day moving average price of $154.06 and a 200-day moving average price of $118.32.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.54 earnings per share. Corning’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. Equities analysts predict that Corning Incorporated will post 3.19 EPS for the current year.

Corning Dividend Announcement

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 issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s dividend payout ratio is 53.59%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GLW. Morgan Stanley set a $180.00 target price on shares of Corning in a report on Friday, May 8th. Weiss Ratings raised shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Citigroup lifted their price objective on Corning from $175.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Mizuho boosted their price objective on Corning from $190.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Oppenheimer upped their target price on Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $177.92.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Analysts and market coverage continue to highlight Corning as a winner from AI data-center growth, with rising demand for optical components, photonics, and expanded U.S. manufacturing capacity supporting the long-term outlook. 3 Optical Component Giants in Focus on Massive AI Data Center Growth
• Positive Sentiment: Mizuho raised its price target on Corning and kept an outperform rating, signaling continued confidence after the stock’s sharp run-up. Mizuho Issues Positive Forecast for Corning (NYSE:GLW) Stock Price
• Positive Sentiment: Additional bullish commentary has focused on Corning’s AI-related momentum, including attention to its optical connectivity platform and broader growth opportunity versus peers in connectivity. Corning vs. Nokia: Which Connectivity Stock is the Better Buy Now?
• Neutral Sentiment: Recent commentary also notes that Corning’s valuation has become richer after its strong advance, so upside may depend on execution and continued AI demand. Corning Surges 137.4% Year to Date: How to Play the Stock
• Negative Sentiment: Three Corning executives disclosed stock sales this week, which can raise caution among investors even if the sales were preplanned or routine. Corning (NYSE:GLW) SVP Sells $674,885.20 in Stock

Institutional Trading of Corning

A number of hedge funds have recently added to or reduced their stakes in GLW. Merit Financial Group LLC increased its position in shares of Corning by 16.9% in the fourth quarter. Merit Financial Group LLC now owns 45,001 shares of the electronics maker’s stock valued at $3,940,000 after buying an additional 6,493 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ raised its stake in shares of Corning by 4.9% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker’s stock worth $21,471,000 after buying an additional 12,297 shares during the period. Hartline Investment Corp lifted its position in shares of Corning by 113.2% during the 3rd quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock valued at $24,229,000 after buying an additional 156,843 shares in the last quarter. Three Seasons Wealth LLC acquired a new stake in Corning in the 4th quarter valued at $1,750,000. Finally, Natixis Advisors LLC grew its stake in Corning by 32.1% in the 3rd quarter. Natixis Advisors LLC now owns 479,921 shares of the electronics maker’s stock valued at $39,367,000 after acquiring an additional 116,583 shares during the period. 69.80% of the stock is owned by hedge funds and other institutional investors.

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.