Corning (NYSE:GLW) Stock Rating Upgraded by Wall Street Zen

Corning (NYSE:GLW) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other brokerages have also issued reports on GLW. JPMorgan Chase & Co. lifted their price target on Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Corning in a research note on Monday, December 29th. UBS Group reissued a “buy” rating and issued a $109.00 target price (up from $100.00) on shares of Corning in a research report on Friday, November 21st. Morgan Stanley increased their price target on shares of Corning from $82.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Finally, Oppenheimer set a $100.00 price target on shares of Corning and gave the company an “outperform” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Corning currently has an average rating of “Moderate Buy” and a consensus target price of $93.36.

Corning Stock Down 1.0%

Shares of NYSE GLW traded down $0.91 during mid-day trading on Friday, reaching $93.37. The company had a trading volume of 4,245,433 shares, compared to its average volume of 4,366,716. Corning has a twelve month low of $37.31 and a twelve month high of $96.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.56. The stock has a market capitalization of $80.05 billion, a PE ratio of 59.09, a price-to-earnings-growth ratio of 1.65 and a beta of 1.13. The stock’s 50 day moving average is $87.63 and its 200-day moving average is $78.22.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, equities analysts anticipate that Corning will post 2.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Eric S. Musser sold 100,000 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the completion of the sale, the insider owned 44,926 shares in the company, valued at $4,050,977.42. This represents a 69.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Lewis A. Steverson sold 23,142 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $89.05, for a total value of $2,060,795.10. Following the completion of the sale, the executive vice president directly owned 17,575 shares in the company, valued at $1,565,053.75. This trade represents a 56.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 156,135 shares of company stock worth $14,088,769 over the last quarter. 0.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Corning

A number of institutional investors and hedge funds have recently bought and sold shares of GLW. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Corning in the 3rd quarter valued at $25,000. Strengthening Families & Communities LLC acquired a new position in shares of Corning during the third quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its stake in shares of Corning by 58.5% in the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after buying an additional 124 shares during the period. Financial Management Professionals Inc. grew its position in Corning by 111.1% during the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after buying an additional 200 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new position in Corning during the third quarter valued at about $33,000. Institutional investors own 69.80% of the company’s stock.

Corning Company Profile

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.