Corning (NYSE:GLW) Trading Down 6.3% – Time to Sell?

Shares of Corning Incorporated (NYSE:GLW) fell 6.3% on Friday . The company traded as low as $124.41 and last traded at $124.7160. 22,157,249 shares traded hands during trading, an increase of 99% from the average session volume of 11,158,762 shares. The stock had previously closed at $133.08.

Analysts Set New Price Targets

Several equities analysts have commented on the company. HSBC reaffirmed a “buy” rating and issued a $135.00 price target on shares of Corning in a report on Friday, February 13th. Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Susquehanna upped their target price on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Finally, Oppenheimer set a $120.00 price target on shares of Corning in a research note on Thursday, January 29th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.75.

Corning Stock Performance

The company has a market capitalization of $107.00 billion, a P/E ratio of 67.78, a price-to-earnings-growth ratio of 1.97 and a beta of 1.05. The firm has a 50 day moving average price of $122.00 and a two-hundred day moving average price of $97.46. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59.

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

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.9%. Corning’s dividend payout ratio (DPR) is presently 60.87%.

Insider Activity at Corning

In related news, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the completion of the sale, the chief financial officer owned 54,780 shares in the company, valued at $5,727,249. This trade represents a 27.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Li Fang sold 9,797 shares of Corning stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total transaction of $1,112,057.47. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 233,201 shares of company stock valued at $32,614,558. Insiders own 0.40% of the company’s stock.

Institutional Trading of Corning

Hedge funds have recently modified their holdings of the company. Fund Advisors of America Inc FL bought a new position in shares of Corning in the fourth quarter valued at approximately $1,085,000. World Investment Advisors grew its position in Corning by 9.0% during the 4th quarter. World Investment Advisors now owns 31,276 shares of the electronics maker’s stock worth $2,739,000 after acquiring an additional 2,587 shares during the last quarter. Winthrop Partners WNY LLC bought a new stake in Corning during the 4th quarter worth approximately $1,541,000. Nalls Sherbakoff Group LLC acquired a new stake in Corning during the 4th quarter valued at $45,000. Finally, DUTCH ASSET Corp bought a new position in Corning in the 4th quarter valued at $782,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

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.