Corning (NYSE:GLW) Shares Down 1.6% – What’s Next?

Shares of Corning Incorporated (NYSE:GLW) were down 1.6% on Thursday . The company traded as low as $128.88 and last traded at $129.9450. Approximately 9,157,857 shares traded hands during trading, a decline of 1% from the average daily volume of 9,251,702 shares. The stock had previously closed at $132.01.

Analyst Upgrades and Downgrades

A number of research firms have commented on GLW. Morgan Stanley raised their target price on shares of Corning from $98.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 29th. Barclays set a $100.00 target price on shares of Corning in a research note on Thursday, January 29th. JPMorgan Chase & Co. raised their price target on Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Wolfe Research set a $130.00 target price on Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Corning presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.25.

Corning Stock Down 1.6%

The business has a 50-day moving average price of $100.12 and a 200 day moving average price of $86.32. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $111.49 billion, a P/E ratio of 70.62, a P/E/G ratio of 2.26 and a beta of 1.13.

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

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a $0.28 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.12 annualized dividend and a yield of 0.9%. Corning’s dividend payout ratio (DPR) is currently 60.87%.

Insider Activity at Corning

In other Corning news, insider Eric S. Musser sold 15,000 shares of Corning stock in a transaction on Monday, February 9th. The shares were sold at an average price of $130.25, for a total transaction of $1,953,750.00. Following the completion of the transaction, the insider directly owned 4,926 shares of the company’s stock, valued at $641,611.50. The trade was a 75.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lewis A. Steverson sold 15,366 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the completion of the sale, the executive vice president directly owned 3,461 shares in the company, valued at approximately $450,691.42. This represents a 81.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 95,687 shares of company stock valued at $11,249,008 over the last ninety days. 0.40% of the stock is currently owned by company insiders.

Institutional Trading of Corning

Large investors have recently made changes to their positions in the stock. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Corning in the 3rd quarter valued at about $25,000. Berbice Capital Management LLC bought a new stake in shares of Corning during the fourth quarter valued at approximately $26,000. Basepoint Wealth LLC purchased a new stake in shares of Corning in the fourth quarter valued at approximately $26,000. Strengthening Families & Communities LLC bought a new position in Corning in the third quarter worth approximately $27,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Corning during the 4th quarter valued at $27,000. 69.80% of the stock is owned by hedge funds and other 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.