Corning (NYSE:GLW) Stock Price Up 6.6% – Time to Buy?

Posted by Brenda Bartman on May 23rd, 2026

Corning Incorporated (NYSE:GLW – Get Free Report) shares were up 6.6% on Thursday . The company traded as high as $193.75 and last traded at $192.5390. Approximately 13,605,377 shares changed hands during trading, an increase of 13% from the average daily volume of 12,069,777 shares. The stock had previously closed at $180.69.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GLW. UBS Group boosted their price objective on Corning from $179.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. HSBC reaffirmed a “buy” rating and set a $135.00 target price on shares of Corning in a research note on Friday, February 13th. Zacks Research upgraded Corning from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a research note on Friday, May 15th. Finally, Truist Financial raised their price target on Corning from $125.00 to $149.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $177.92.

Get Our Latest Report on GLW

Corning Stock Up 1.0%

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 capitalization of $166.82 billion, a P/E ratio of 92.74, a PEG ratio of 2.75 and a beta of 1.14. The firm’s fifty day moving average price is $161.56 and its 200-day moving average price is $123.01.

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, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, equities research analysts forecast that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s payout ratio is currently 53.59%.

Insider Transactions at Corning

In other news, SVP Soumya Seetharam sold 20,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $206.23, for a total value of $4,124,600.00. Following the completion of the sale, the senior vice president owned 25,570 shares in the company, valued at $5,273,301.10. This represents a 43.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Michaune D. Tillman sold 3,260 shares of Corning stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $207.02, for a total value of $674,885.20. Following the transaction, the senior vice president directly owned 10,174 shares in the company, valued at approximately $2,106,221.48. The trade was a 24.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 170,774 shares of company stock worth $28,148,435. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of Corning

A number of hedge funds and other institutional investors have recently made changes to their positions in GLW. Signature Equity Partners LLC grew its position in Corning by 19.3% in the first quarter. Signature Equity Partners LLC now owns 383 shares of the electronics maker’s stock worth $52,000 after buying an additional 62 shares during the last quarter. Beirne Wealth Consulting Services LLC lifted its holdings in shares of Corning by 0.8% during the first quarter. Beirne Wealth Consulting Services LLC now owns 8,045 shares of the electronics maker’s stock valued at $1,094,000 after purchasing an additional 64 shares during the last quarter. Balefire LLC raised its holdings in Corning by 0.7% during the 1st quarter. Balefire LLC now owns 9,595 shares of the electronics maker’s stock worth $1,305,000 after buying an additional 65 shares during the period. Millstone Evans Group LLC lifted its stake in Corning by 1.3% during the first quarter. Millstone Evans Group LLC now owns 5,393 shares of the electronics maker’s stock valued at $733,000 after buying an additional 67 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Corning by 1.6% during the first quarter. Geneos Wealth Management Inc. now owns 4,585 shares of the electronics maker’s stock valued at $623,000 after buying an additional 70 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors.

Corning Company Profile

(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.