Corning (NYSE:GLW) Stock Price Up 3.8% – Should You Buy?

Corning Incorporated (NYSE:GLW) was up 3.8% during trading on Wednesday . The company traded as high as $152.93 and last traded at $152.76. Approximately 5,960,533 shares changed hands during trading, a decline of 53% from the average session volume of 12,767,299 shares. The stock had previously closed at $147.16.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wall Street Zen lowered Corning from a “buy” rating to a “hold” rating in a research note on Monday. UBS Group restated a “buy” rating and issued a $196.00 target price on shares of Corning in a research note on Wednesday, July 29th. Mizuho reduced their price target on shares of Corning from $270.00 to $210.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Weiss Ratings lowered shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Finally, Truist Financial raised shares of Corning from a “hold” rating to a “buy” rating and dropped their target price for the stock from $205.00 to $175.00 in a research note on Sunday, August 2nd. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $174.08.

Corning Price Performance

The stock has a 50-day simple moving average of $172.11 and a 200 day simple moving average of $164.71. The stock has a market capitalization of $131.55 billion, a P/E ratio of 69.73, a price-to-earnings-growth ratio of 1.96 and a beta of 1.14. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81.

Corning (NYSE:GLW) last released its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, equities analysts forecast that Corning Incorporated will post 3.27 earnings per share for the current fiscal year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 31st. Corning’s payout ratio is currently 51.14%.

Insider Transactions at Corning

In other news, CEO Wendell P. Weeks sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total value of $18,646,000.00. Following the transaction, the chief executive officer owned 908,353 shares of the company’s stock, valued at approximately $169,371,500.38. This trade represents a 9.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On Corning

Several institutional investors have recently modified their holdings of the business. Atwood & Palmer Inc. acquired a new stake in Corning during the 2nd quarter worth $26,000. Rogco LP bought a new stake in shares of Corning during the 2nd quarter valued at $27,000. First PREMIER Bank acquired a new position in shares of Corning in the 2nd quarter valued at $51,000. Burk Holdings LLC acquired a new position in shares of Corning in the 2nd quarter valued at $53,000. Finally, Delos Wealth Advisors LLC bought a new position in shares of Corning in the 2nd quarter worth $55,000. Institutional investors and hedge funds 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.