Eltek (NASDAQ:ELTK – Get Free Report) and Corning (NYSE:GLW – Get Free Report) are both technology companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, earnings, valuation, risk, analyst recommendations, profitability and institutional ownership.
Volatility and Risk
Eltek has a beta of 0.74, indicating that its share price is 26% less volatile than the S&P 500. Comparatively, Corning has a beta of 1.16, indicating that its share price is 16% more volatile than the S&P 500.
Institutional & Insider Ownership
64.6% of Eltek shares are held by institutional investors. Comparatively, 69.8% of Corning shares are held by institutional investors. 72.0% of Eltek shares are held by insiders. Comparatively, 0.3% of Corning shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
Profitability
| Net Margins | Return on Equity | Return on Assets | |
| Eltek | -12.66% | -13.57% | -9.01% |
| Corning | 11.20% | 20.09% | 8.00% |
Earnings and Valuation
This table compares Eltek and Corning”s gross revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Eltek | $51.79 million | 1.01 | $830,000.00 | ($0.91) | -8.57 |
| Corning | $16.96 billion | 8.42 | $1.60 billion | $2.19 | 75.68 |
Corning has higher revenue and earnings than Eltek. Eltek is trading at a lower price-to-earnings ratio than Corning, indicating that it is currently the more affordable of the two stocks.
Analyst Ratings
This is a summary of current ratings and price targets for Eltek and Corning, as provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Eltek | 1 | 0 | 0 | 0 | 1.00 |
| Corning | 0 | 6 | 11 | 0 | 2.65 |
Corning has a consensus target price of $178.64, indicating a potential upside of 7.79%. Given Corning’s stronger consensus rating and higher probable upside, analysts plainly believe Corning is more favorable than Eltek.
Summary
Corning beats Eltek on 13 of the 14 factors compared between the two stocks.
About Eltek
Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. It offers a range of custom designed PCBs, including rigid, double-sided and multi-layer PCBs, and flexible circuitry boards. The company also provides high density interconnect, flex-rigid, and multi-layered boards. It primarily serves medical technology, defense and aerospace, industrial, telecom, and networking equipment industries, as well as contract electronic manufacturers. The company markets and sells its products primarily through direct sales personnel, sales representatives, and PCB trading and manufacturing companies. Eltek Ltd. was incorporated in 1970 and is headquartered in Petah Tikva, Israel. Eltek Ltd. operates as a subsidiary of Nistec Golan Ltd.
About Corning
Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. The company's Specialty Materials segment manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for various markets comprising mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Its Environmental Technologies segment provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products, including consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Pyrex, Falcon, and Axygen brands. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.
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