Corning (NYSE:GLW) Stock Price Up 2.6% – What’s Next?

Posted by Francis Steltz on Jul 16th, 2026

Corning Incorporated (NYSE:GLW – Get Free Report)’s share price rose 2.6% during mid-day trading on Tuesday . The company traded as high as $193.71 and last traded at $187.94. 6,723,371 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 12,812,708 shares. The stock had previously closed at $183.11.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GLW shares. Wall Street Zen downgraded shares of Corning from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Citigroup raised their target price on shares of Corning from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Monday. Barclays lifted their target price on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Oppenheimer upped their target price on Corning from $210.00 to $230.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Finally, UBS Group set a $243.00 price target on Corning in a research report on Monday, July 6th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and a consensus price target of $194.69.

View Our Latest Analysis on GLW

Corning Stock Down 7.7%

The firm’s 50 day simple moving average is $193.94 and its 200 day simple moving average is $152.35. The company has a market cap of $138.55 billion, a price-to-earnings ratio of 76.91, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The business had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’s revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts anticipate that Corning Incorporated will post 3.18 EPS for the current fiscal year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be paid a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning’s dividend payout ratio is presently 53.59%.

Insider Buying and Selling at Corning

In related news, CEO Wendell P. Weeks sold 100,000 shares of Corning stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the sale, the chief executive officer directly owned 908,353 shares in the company, valued at $169,371,500.38. The trade was a 9.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Z. Zhang sold 10,000 shares of the company’s 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 completion of the sale, the vice president directly owned 5,138 shares of the company’s stock, valued at $1,019,070.92. The trade was a 66.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 160,655 shares of company stock valued at $30,692,560. 0.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC boosted its stake in Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after purchasing an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new stake in shares of Corning in the 1st quarter worth $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Corning by 9.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock valued at $2,962,000 after buying an additional 5,522 shares during the period. Sivia Capital Partners LLC bought a new position in Corning during the second quarter valued at about $401,000. Finally, Schnieders Capital Management LLC. bought a new position in Corning during the second quarter valued at about $266,000. 69.80% of the stock is currently owned by institutional investors.

About Corning

(Get Free Report)

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.