Corning (NYSE:GLW) Trading Up 5.1% – What’s Next?

Corning Incorporated (NYSE:GLW)’s share price rose 5.1% on Monday . The stock traded as high as $160.45 and last traded at $157.98. Approximately 15,222,360 shares traded hands during trading, an increase of 47% from the average daily volume of 10,380,896 shares. The stock had previously closed at $150.38.

Analyst Ratings Changes

Several research firms have recently commented on GLW. JPMorgan Chase & Co. upped their price objective on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Mizuho set a $145.00 price target on Corning in a report on Monday, February 23rd. Citigroup upped their price target on Corning from $120.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Finally, Wolfe Research set a $130.00 price objective on Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $125.42.

Corning Price Performance

The firm has a 50-day moving average of $108.27 and a 200-day moving average of $90.51. The stock has a market cap of $135.54 billion, a PE ratio of 85.86, a PEG ratio of 2.60 and a beta of 1.13. 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 posted its quarterly 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 return on equity of 18.72% and a net margin of 10.21%.The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the firm earned $0.57 EPS. The firm’s 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. Research analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio (DPR) is presently 60.87%.

Insider Buying and Selling

In other Corning news, EVP Lewis A. Steverson sold 15,366 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the sale, the executive vice president owned 3,461 shares in the company, valued at $450,691.42. The trade was a 81.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric S. Musser sold 15,000 shares of the stock in a transaction dated 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 transaction, the insider directly owned 4,926 shares of the company’s stock, valued at $641,611.50. This trade represents a 75.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 233,201 shares of company stock worth $32,614,558 in the last 90 days. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Corning

Several institutional investors have recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new position in shares of Corning in the fourth quarter valued at $26,000. Basepoint Wealth LLC bought a new position in Corning during the fourth quarter valued at $26,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Corning during the third quarter valued at $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Corning in the 4th quarter worth $27,000. Finally, Strengthening Families & Communities LLC purchased a new position in shares of Corning in the 3rd quarter worth $27,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

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.