Corning Incorporated (NYSE:GLW – Get Free Report) VP John Zhang sold 10,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the transaction, the vice president directly owned 5,138 shares of the company’s stock, valued at approximately $1,019,070.92. This trade represents a 66.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Corning Trading Up 4.3%
Shares of GLW stock opened at $206.71 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The firm has a market cap of $177.90 billion, a PE ratio of 98.90, a price-to-earnings-growth ratio of 2.84 and a beta of 1.14. The company has a 50-day moving average of $154.06 and a two-hundred day moving average of $118.32. Corning Incorporated has a 1-year low of $46.77 and a 1-year high of $211.79.
Corning (NYSE:GLW – Get Free Report) last announced its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. Corning’s revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, analysts predict that Corning Incorporated will post 3.19 EPS for the current year.
Corning Dividend Announcement
More Corning News
Here are the key news stories impacting Corning this week:
- Positive Sentiment: Analysts and market coverage continue to highlight Corning as a winner from AI data-center growth, with rising demand for optical components, photonics, and expanded U.S. manufacturing capacity supporting the long-term outlook. 3 Optical Component Giants in Focus on Massive AI Data Center Growth
- Positive Sentiment: Mizuho raised its price target on Corning and kept an outperform rating, signaling continued confidence after the stock’s sharp run-up. Mizuho Issues Positive Forecast for Corning (NYSE:GLW) Stock Price
- Positive Sentiment: Additional bullish commentary has focused on Corning’s AI-related momentum, including attention to its optical connectivity platform and broader growth opportunity versus peers in connectivity. Corning vs. Nokia: Which Connectivity Stock is the Better Buy Now?
- Neutral Sentiment: Recent commentary also notes that Corning’s valuation has become richer after its strong advance, so upside may depend on execution and continued AI demand. Corning Surges 137.4% Year to Date: How to Play the Stock
- Negative Sentiment: Three Corning executives disclosed stock sales this week, which can raise caution among investors even if the sales were preplanned or routine. Corning (NYSE:GLW) SVP Sells $674,885.20 in Stock
Institutional Trading of Corning
Several hedge funds have recently added to or reduced their stakes in GLW. Capital Research Global Investors acquired a new stake in Corning in the third quarter valued at approximately $907,164,000. Norges Bank acquired a new stake in Corning in the fourth quarter valued at approximately $921,435,000. WCM Investment Management LLC acquired a new stake in Corning in the third quarter valued at approximately $676,931,000. Wellington Management Group LLP raised its holdings in Corning by 30.3% in the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after acquiring an additional 3,848,540 shares in the last quarter. Finally, Polar Capital Holdings Plc raised its holdings in Corning by 141.2% in the third quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker’s stock valued at $329,035,000 after acquiring an additional 2,348,125 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently issued reports on GLW shares. Wall Street Zen cut shares of Corning from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. HSBC reissued a “buy” rating and set a $135.00 price target on shares of Corning in a research report on Friday, February 13th. Truist Financial increased their price target on shares of Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Mizuho increased their price target on shares of Corning from $190.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Wolfe Research set a $130.00 price target on shares of Corning and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $177.92.
Read Our Latest Stock Analysis on Corning
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.
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