Corning Incorporated (NYSE:GLW – Get Free Report) SVP Soumya Seetharam sold 20,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $206.23, for a total value of $4,124,600.00. Following the sale, the senior vice president directly owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. This trade represents a 43.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Corning Stock Performance
NYSE:GLW opened at $208.07 on Friday. The firm has a market cap of $179.07 billion, a PE ratio of 99.55, a price-to-earnings-growth ratio of 2.96 and a beta of 1.14. Corning Incorporated has a fifty-two week low of $46.83 and a fifty-two week high of $211.79. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. The business has a 50 day moving average price of $155.27 and a 200-day moving average price of $119.17.
Corning (NYSE:GLW – Get Free Report) last announced its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Equities research analysts predict that Corning Incorporated will post 3.19 earnings per share for the current year.
Corning Announces Dividend
Wall Street Analyst Weigh In
A number of brokerages recently commented on GLW. Citigroup upped their target price on Corning from $175.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Mizuho upped their target price on Corning from $190.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. upped their target price on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, HSBC restated a “buy” rating and set a $135.00 target price on shares of Corning in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and an average target price of $177.92.
Check Out Our Latest Stock Report on Corning
Hedge Funds Weigh In On Corning
A number of institutional investors have recently added to or reduced their stakes in GLW. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Corning in the third quarter worth $25,000. Berbice Capital Management LLC bought a new position in Corning in the fourth quarter worth $26,000. Basepoint Wealth LLC bought a new position in Corning in the fourth quarter worth $26,000. Strengthening Families & Communities LLC bought a new position in Corning in the third quarter worth $27,000. Finally, Kemnay Advisory Services Inc. bought a new position in Corning in the fourth quarter worth $27,000. 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.
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