Corning (NYSE:GLW) Reaches New 52-Week High – Should You Buy?

Corning Incorporated (NYSE:GLW) hit a new 52-week high during trading on Monday . The stock traded as high as $125.79 and last traded at $126.8480, with a volume of 1151133 shares changing hands. The stock had previously closed at $122.16.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Susquehanna raised their price objective on shares of Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. Argus raised their price target on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Oppenheimer set a $120.00 price objective on shares of Corning in a research note on Thursday, January 29th. Mizuho increased their target price on shares of Corning from $97.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Finally, Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Corning currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.36.

Corning Trading Up 7.0%

The company has a market capitalization of $112.10 billion, a P/E ratio of 71.52, a P/E/G ratio of 2.12 and a beta of 1.13. The company has a 50-day simple moving average of $92.96 and a 200 day simple moving average of $82.44. 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 announced its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. Corning’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Sell-side analysts expect that Corning Incorporated will post 2.33 earnings per share for the current year.

Insider Activity

In other Corning news, CFO Edward A. Schlesinger sold 21,104 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the sale, the chief financial officer owned 54,780 shares in the company, valued at approximately $5,727,249. This trade represents a 27.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Li Fang sold 9,797 shares of Corning stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 55,945 shares of company stock valued at $6,072,986. Insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Corning in the 3rd quarter valued at $25,000. Berbice Capital Management LLC bought a new stake in Corning in the fourth quarter valued at about $26,000. Strengthening Families & Communities LLC acquired a new position in Corning in the third quarter worth about $27,000. Total Investment Management Inc. bought a new position in Corning during the second quarter worth about $28,000. Finally, Cornerstone Planning Group LLC lifted its stake in Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 124 shares during the period. 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.