Corning (NYSE:GLW) Hits New 12-Month High – Should You Buy?

Corning Incorporated (NYSE:GLW)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $117.21 and last traded at $113.7180, with a volume of 236004 shares trading hands. The stock had previously closed at $110.36.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley boosted their price objective on shares of Corning from $98.00 to $103.00 and gave the stock an “equal weight” rating in a report on Thursday. Citigroup lifted their price target on shares of Corning from $102.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. upped their price target on shares of Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, Barclays set a $100.00 target price on shares of Corning in a research report on Thursday. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corning has a consensus rating of “Moderate Buy” and a consensus price target of $112.36.

Corning Stock Up 2.4%

The firm’s 50 day simple moving average is $90.49 and its 200 day simple moving average is $80.75. The company has a market cap of $96.93 billion, a price-to-earnings ratio of 61.11, a price-to-earnings-growth ratio of 1.79 and a beta of 1.13. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last announced its 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. The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. Corning’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Sell-side analysts anticipate that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Insider Activity

In other Corning news, CFO Edward A. Schlesinger sold 21,104 shares of Corning stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. The trade was a 27.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Eric S. Musser sold 25,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $110.00, for a total value of $2,750,000.00. Following the completion of the sale, the insider owned 19,926 shares of the company’s stock, valued at $2,191,860. The trade was a 55.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 46,148 shares of company stock worth $4,960,928. Corporate insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GLW. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Corning in the 3rd quarter worth approximately $25,000. REAP Financial Group LLC lifted its stake in shares of Corning by 191.5% in the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after buying an additional 339 shares during the last quarter. Strengthening Families & Communities LLC bought a new stake in shares of Corning during the 3rd quarter worth $27,000. Total Investment Management Inc. bought a new stake in shares of Corning during the 2nd quarter worth $28,000. Finally, Cornerstone Planning Group LLC grew its stake in Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after buying an additional 124 shares during the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds.

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.