Corning (NYSE:GLW) Stock Price Down 1.5% – Should You Sell?

Corning Incorporated (NYSE:GLW) dropped 1.5% on Tuesday . The stock traded as low as $169.80 and last traded at $175.8970. Approximately 11,398,144 shares changed hands during trading, a decline of 5% from the average daily volume of 12,033,896 shares. The stock had previously closed at $178.55.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GLW. Wolfe Research set a $130.00 price target on Corning and gave the stock an “outperform” rating in a report on Tuesday, January 27th. Oppenheimer raised their price target on Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a report on Sunday. Bank of America raised their price target on Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, UBS Group raised their price target on Corning from $179.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.92.

Corning Stock Up 6.6%

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 company has a market cap of $165.71 billion, a PE ratio of 92.12, a P/E/G ratio of 2.59 and a beta of 1.14. The stock has a 50-day moving average of $160.32 and a 200-day moving average of $122.51.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the business posted $0.54 earnings per share. The firm’s revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts predict that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Announces Dividend

The firm 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 $0.28 dividend. 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 (DPR) is 53.59%.

Insiders Place Their Bets

In related news, CEO Wendell P. Weeks sold 137,514 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total value of $21,365,550.18. Following the sale, the chief executive officer owned 750,585 shares in the company, valued at approximately $116,618,391.45. This trade represents a 15.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Soumya Seetharam sold 20,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $206.23, for a total value of $4,124,600.00. Following the completion of the sale, the senior vice president owned 25,570 shares in the company, valued at $5,273,301.10. This trade represents a 43.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 170,774 shares of company stock worth $28,148,435. 0.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Corning

A number of large investors have recently added to or reduced their stakes in the company. BankChampaign National Association purchased a new stake in Corning during the first quarter valued at about $348,000. Groupe la Francaise raised its position in Corning by 14,548.1% during the first quarter. Groupe la Francaise now owns 52,733 shares of the electronics maker’s stock valued at $7,174,000 after purchasing an additional 52,373 shares in the last quarter. Pathway Wealth Management LLC purchased a new stake in Corning during the first quarter valued at about $458,000. E20 Capital Ltd raised its position in Corning by 926.6% during the first quarter. E20 Capital Ltd now owns 535,776 shares of the electronics maker’s stock valued at $72,849,000 after purchasing an additional 483,589 shares in the last quarter. Finally, Western Wealth Management LLC raised its position in Corning by 17.1% during the first quarter. Western Wealth Management LLC now owns 30,229 shares of the electronics maker’s stock valued at $4,110,000 after purchasing an additional 4,417 shares in the last quarter. Hedge funds and other institutional investors 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.