Corning (NYSE:GLW) Trading Up 1.9% – Should You Buy?

Corning Incorporated (NYSE:GLW) was up 1.9% during trading on Friday . The stock traded as high as $180.77 and last traded at $179.85. Approximately 8,915,440 shares traded hands during trading, a decline of 26% from the average daily volume of 12,093,989 shares. The stock had previously closed at $176.55.

Analysts Set New Price Targets

Several research analysts have recently commented on GLW shares. Barclays boosted their price objective on Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. UBS Group upped their target price on Corning from $223.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Susquehanna upped their target price on Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Morgan Stanley set a $180.00 target price on Corning in a research note on Friday, May 8th. Finally, Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $178.31.

Corning Stock Performance

The stock has a market cap of $154.79 billion, a PE ratio of 86.05, a price-to-earnings-growth ratio of 2.56 and a beta of 1.15. 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 has a 50 day moving average price of $177.15 and a two-hundred day moving average price of $133.67.

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, beating analysts’ consensus estimates of $0.69 by $0.01. The firm 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%.The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, equities research analysts forecast that Corning Incorporated will post 3.19 EPS for the current fiscal year.

Corning Announces Dividend

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

Insider Activity

In other news, SVP Soumya Seetharam sold 20,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the completion of the sale, the senior vice president owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. This represents a 43.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michaune D. Tillman sold 3,260 shares of the stock in a transaction that occurred on 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 directly owned 10,174 shares of the company’s stock, valued at approximately $2,106,221.48. This trade represents a 24.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 160,655 shares of company stock valued at $30,692,561. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of Corning

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Berbice Capital Management LLC bought a new position in Corning in the 4th quarter worth $26,000. Basepoint Wealth LLC purchased a new position in shares of Corning during the fourth quarter valued at about $26,000. MBM Wealth Consultants LLC bought a new position in Corning in the first quarter worth about $42,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Corning in the third quarter worth about $25,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Corning in the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

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.