Corning (NYSE:GLW) Trading Up 4.9% – What’s Next?

Corning Incorporated (NYSE:GLW)’s share price traded up 4.9% during mid-day trading on Wednesday . The company traded as high as $144.70 and last traded at $142.6760. 12,182,255 shares were traded during trading, an increase of 6% from the average session volume of 11,442,609 shares. The stock had previously closed at $135.97.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GLW. HSBC reissued a “buy” rating and issued a $135.00 price target on shares of Corning in a research note on Friday, February 13th. Truist Financial started coverage on shares of Corning in a report on Tuesday. They issued a “hold” rating and a $125.00 price objective for the company. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Susquehanna boosted their target price on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Finally, UBS Group upped their price target on Corning from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Corning currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.08.

Corning Price Performance

The stock has a market cap of $127.07 billion, a PE ratio of 80.39, a price-to-earnings-growth ratio of 2.24 and a beta of 1.06. The stock’s fifty day moving average is $130.33 and its 200-day moving average is $101.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04.

Corning (NYSE:GLW) last issued its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping 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 period in the previous year, the firm earned $0.57 earnings per share. Corning’s quarterly revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, equities analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, February 27th. Corning’s dividend payout ratio is 60.87%.

Insider Buying and Selling at Corning

In related news, SVP Li Fang sold 9,797 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total transaction of $1,112,057.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric S. Musser sold 25,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the completion of the transaction, the insider directly owned 19,926 shares in the company, valued at $2,191,860. The trade was a 55.65% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 233,201 shares of company stock worth $32,614,558. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Corning

A number of hedge funds have recently made changes to their positions in the stock. Berbice Capital Management LLC purchased a new position in shares of Corning during the fourth quarter worth $26,000. Basepoint Wealth LLC purchased a new stake in shares of Corning in the 4th quarter valued at $26,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Corning during the 3rd quarter worth about $25,000. Kemnay Advisory Services Inc. purchased a new position in Corning during the 4th quarter valued at about $27,000. Finally, Strengthening Families & Communities LLC purchased a new position in Corning during the 3rd quarter valued at about $27,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Company Profile

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.