Corning (NYSE:GLW) Shares Down 6.1% – Should You Sell?

Posted by George Bondi on Oct 14th, 2026

Corning Incorporated (NYSE:GLW – Get Free Report) fell 6.1% on Monday. The stock traded as low as $145.76 and last traded at $147.1530. Approximately 7,969,449 shares traded hands during trading, a decline of 34% from the average daily volume of 12,023,652 shares. The stock had previously closed at $156.68.

Analyst Ratings Changes

A number of research firms have recently issued reports on GLW. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a research report on Saturday. Mizuho dropped their price objective on shares of Corning from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, September 15th. UBS Group lifted their price objective on Corning from $196.00 to $201.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Bank of America decreased their price objective on shares of Corning from $243.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Finally, Citigroup reduced their target price on shares of Corning from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $177.56.

Check Out Our Latest Stock Report on GLW

Corning Price Performance

The company has a market capitalization of $121.36 billion, a price-to-earnings ratio of 64.41, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13. The company has a 50-day moving average price of $155.55 and a 200-day moving average price of $168.87. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81.

Corning (NYSE:GLW – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.02. Corning had a net margin of 11.20% and a return on equity of 20.09%. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, equities research analysts expect that Corning Incorporated will post 3.28 EPS for the current fiscal year.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 13th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, November 13th. Corning’s dividend payout ratio is 51.14%.

Insider Activity at Corning

In other news, EVP Lewis Steverson sold 13,100 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the completion of the sale, the executive vice president owned 15,052 shares in the company, valued at approximately $2,277,217.08. This trade represents a 46.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Corning

Several institutional investors have recently made changes to their positions in the stock. Herbst Group LLC acquired a new stake in Corning during the 2nd quarter worth $4,474,000. Principal Financial Group Inc. raised its position in Corning by 1.2% during the first quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker’s stock worth $121,483,000 after acquiring an additional 10,591 shares during the last quarter. Wealthfront Advisers LLC lifted its position in shares of Corning by 36.2% in the first quarter. Wealthfront Advisers LLC now owns 92,425 shares of the electronics maker’s stock valued at $12,567,000 after acquiring an additional 24,589 shares in the last quarter. Silverlake Wealth Management LLC purchased a new position in shares of Corning during the second quarter valued at approximately $1,872,000. Finally, Atlas Wealth LLC increased its stake in Corning by 137.8% in the first quarter. Atlas Wealth LLC now owns 12,076 shares of the electronics maker’s stock valued at $1,642,000 after purchasing an additional 6,998 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors.

Corning Company Profile

(Get Free Report)

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.