Corning (NYSE:GLW) Trading Up 5.6% – Here’s Why

Corning Incorporated (NYSE:GLW)’s stock price rose 5.6% during trading on Tuesday . The stock traded as high as $135.99 and last traded at $135.8120. Approximately 10,609,520 shares changed hands during trading, a decline of 7% from the average daily volume of 11,427,738 shares. The stock had previously closed at $128.55.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GLW. Barclays set a $100.00 price target on Corning in a research report on Thursday, January 29th. Oppenheimer set a $120.00 price objective on shares of Corning in a research note on Thursday, January 29th. Mizuho set a $145.00 target price on shares of Corning in a research report on Monday, February 23rd. Fox Advisors lowered shares of Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Finally, Morgan Stanley lifted their target price on shares of Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.08.

Corning Trading Up 3.5%

The business has a 50 day simple moving average of $129.26 and a two-hundred day simple moving average of $101.07. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The company has a market cap of $126.58 billion, a PE ratio of 80.04, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05.

Corning (NYSE:GLW) last posted its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the company earned $0.57 EPS. The company’s revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were paid a $0.28 dividend. The ex-dividend date was Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. Corning’s dividend payout ratio (DPR) is 60.87%.

Insider Buying and Selling at Corning

In other Corning news, VP John Z. Zhang sold 1,531 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $133.75, for a total value of $204,771.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lewis A. Steverson sold 15,366 shares of Corning stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the sale, the executive vice president owned 3,461 shares in the company, valued at $450,691.42. This represents a 81.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 233,201 shares of company stock worth $32,614,558. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Corning

A number of hedge funds have recently bought and sold shares of the company. Berbice Capital Management LLC acquired a new position in Corning in the fourth quarter worth $26,000. Basepoint Wealth LLC acquired a new stake in shares of Corning during the fourth quarter worth $26,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Corning in the 3rd quarter worth about $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Corning in the 4th quarter valued at about $27,000. Finally, Strengthening Families & Communities LLC acquired a new position in shares of Corning in the 3rd quarter valued at about $27,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

About Corning

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.