Corning (NYSE:GLW) Trading Up 1.4% – Should You Buy?

Shares of Corning Incorporated (NYSE:GLW) traded up 1.4% during trading on Monday . The stock traded as high as $163.68 and last traded at $160.4080. 8,485,479 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 11,184,849 shares. The stock had previously closed at $158.26.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Oppenheimer set a $120.00 target price on shares of Corning in a report on Thursday, January 29th. Bank of America raised their target price on shares of Corning from $155.00 to $186.00 and gave the company a “buy” rating in a report on Monday, April 20th. Truist Financial raised their target price on shares of Corning from $125.00 to $149.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Susquehanna raised their target price on shares of Corning from $125.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Finally, Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Corning presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.31.

Corning Stock Up 1.4%

The company has a market capitalization of $137.80 billion, a P/E ratio of 76.75, a price-to-earnings-growth ratio of 2.26 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. The firm’s fifty day moving average is $148.66 and its 200-day moving average is $113.22.

Corning (NYSE:GLW) last announced its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $4.35 billion for 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%. The firm’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, equities research analysts predict that Corning Incorporated will post 3.17 EPS for the current year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. Corning’s payout ratio is currently 53.59%.

Insider Buying and Selling at Corning

In related news, EVP Lewis A. Steverson sold 15,366 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was 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. The trade was a 81.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Eric S. Musser sold 15,000 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $130.25, for a total value of $1,953,750.00. Following the sale, the insider owned 4,926 shares in the company, valued at $641,611.50. This represents a 75.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 187,053 shares of company stock worth $27,653,630 over the last three months. 0.25% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Corning

A number of institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its holdings in Corning by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker’s stock worth $121,483,000 after acquiring an additional 10,591 shares during the last quarter. Gratus Wealth Advisors LLC bought a new stake in Corning during the 1st quarter worth approximately $234,000. LGT Fund Management Co Ltd. grew its holdings in Corning by 148.1% during the 1st quarter. LGT Fund Management Co Ltd. now owns 8,283 shares of the electronics maker’s stock worth $1,126,000 after acquiring an additional 4,945 shares during the last quarter. Global Assets Advisory LLC bought a new stake in Corning during the 1st quarter worth approximately $133,000. Finally, International Assets Investment Management LLC bought a new stake in Corning during the 1st quarter worth approximately $285,000. 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.