Corning Incorporated (NYSE:GLW – Get Free Report) dropped 4.1% during mid-day trading on Thursday . The stock traded as low as $182.34 and last traded at $183.0630. Approximately 9,516,806 shares were traded during trading, a decline of 21% from the average daily volume of 11,988,464 shares. The stock had previously closed at $190.89.
Key Headlines Impacting Corning
Here are the key news stories impacting Corning this week:
- Positive Sentiment: Corning’s post-earnings momentum remains supported by solid quarterly results, with revenue and EPS both topping expectations and management guiding Q2 EPS above prior levels, which helps explain why the stock has climbed since the last earnings report. Why Is Corning (GLW) Up 25.7% Since Last Earnings Report?
- Positive Sentiment: Brokerage commentary still looks constructive overall, with Corning retaining a “Moderate Buy” consensus and multiple recent price targets clustered near or above current levels, suggesting analysts still see upside. Corning Incorporated (NYSE:GLW) Given Consensus Rating of “Moderate Buy” by Brokerages
- Positive Sentiment: Longer-term bullish narratives continue to focus on AI-related optical demand, solar growth, and Life Sciences expansion, which could support investor enthusiasm for Corning’s structural growth story. Beyond AI: Corning’s Three Forgotten Powerhouses
Analysts Set New Price Targets
GLW has been the subject of several analyst reports. Bank of America upped their price target on shares of Corning from $155.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. upped their price target on shares of Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Citigroup upped their price target on shares of Corning from $175.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Fox Advisors lowered shares of Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Finally, Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corning presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.92.
Corning Trading Down 4.1%
The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average price is $165.37 and its two-hundred day moving average price is $125.52. The company has a market capitalization of $157.55 billion, a PE ratio of 87.59, a price-to-earnings-growth ratio of 2.81 and a beta of 1.14.
Corning (NYSE:GLW – Get Free Report) last posted its earnings results 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. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. Corning’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts anticipate that Corning Incorporated will post 3.19 earnings per share for the current year.
Corning Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be issued 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 is Friday, May 29th. Corning’s dividend payout ratio is currently 53.59%.
Insider Activity
In other news, VP John Z. Zhang sold 10,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the completion of the sale, the vice president directly owned 5,138 shares in the company, valued at approximately $1,019,070.92. This represents a 66.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Soumya Seetharam sold 20,000 shares of the stock in a transaction dated 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 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 60,655 shares of company stock valued at $12,046,561. Company insiders own 0.25% of the company’s stock.
Hedge Funds Weigh In On Corning
A number of institutional investors have recently bought and sold shares of GLW. Brighton Jones LLC raised its stake in Corning by 46.0% in the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after buying an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new position in Corning in the first quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Corning by 9.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after buying an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Corning in the second quarter worth about $401,000. Finally, Schnieders Capital Management LLC. bought a new position in Corning in the second quarter worth about $266,000. 69.80% of the stock is owned by institutional investors.
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.
See Also
- Five stocks we like better than Corning
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Receive News & Ratings for Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corning and related companies with MarketBeat.com's FREE daily email newsletter.
