Corning (NYSE:GLW) Price Target Raised to $100.00 at JPMorgan Chase & Co.

Corning (NYSE:GLW) had its price target boosted by JPMorgan Chase & Co. from $85.00 to $100.00 in a report issued on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the electronics maker’s stock.

Several other research firms have also weighed in on GLW. UBS Group lifted their target price on shares of Corning from $91.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley set a $82.00 target price on shares of Corning in a report on Wednesday. Argus reaffirmed a “buy” rating and set a $68.00 target price on shares of Corning in a report on Wednesday, July 30th. Wolfe Research started coverage on shares of Corning in a report on Tuesday, July 8th. They set an “outperform” rating for the company. Finally, Wall Street Zen lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Corning presently has an average rating of “Moderate Buy” and a consensus price target of $90.82.

Corning Stock Performance

GLW opened at $90.31 on Wednesday. Corning has a 12-month low of $37.31 and a 12-month high of $91.93. The company has a current ratio of 1.56, a quick ratio of 0.93 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $77.36 billion, a PE ratio of 57.16, a P/E/G ratio of 1.93 and a beta of 1.14. The firm has a 50 day moving average of $78.79 and a two-hundred day moving average of $61.32.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Corning had a net margin of 9.16% and a return on equity of 18.12%. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period last year, the firm posted $0.54 EPS. Corning’s revenue for the quarter was up 20.9% compared to the same quarter last year. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, analysts anticipate that Corning will post 2.33 EPS for the current year.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 14th. Corning’s payout ratio is presently 119.15%.

Insider Buying and Selling at Corning

In related news, SVP Jaymin Amin sold 17,721 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $77.18, for a total value of $1,367,706.78. Following the completion of the sale, the senior vice president owned 88,722 shares of the company’s stock, valued at approximately $6,847,563.96. The trade was a 16.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Wendell P. Weeks sold 82,103 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $65.19, for a total transaction of $5,352,294.57. Following the completion of the sale, the chief executive officer directly owned 809,295 shares of the company’s stock, valued at approximately $52,757,941.05. The trade was a 9.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Corning

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLW. REAP Financial Group LLC boosted its stake in Corning by 191.5% during the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 339 shares during the last quarter. Total Investment Management Inc. acquired a new stake in Corning during the 2nd quarter worth $28,000. Financial Management Professionals Inc. boosted its stake in Corning by 111.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Investment Management Corp VA ADV boosted its stake in Corning by 165.9% during the 1st quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 463 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in Corning by 90.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 353 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Company Profile

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.