Corning (NYSE:GLW) Reaches New 1-Year High – Here’s What Happened

Corning Incorporated (NYSE:GLW) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $125.79 and last traded at $126.8480, with a volume of 1151133 shares traded. The stock had previously closed at $122.16.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Argus boosted their target price on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Barclays set a $100.00 target price on shares of Corning in a report on Thursday, January 29th. Weiss Ratings downgraded shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 27th. Finally, Wolfe Research set a $130.00 price objective on shares of Corning and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $112.36.

Corning Trading Up 7.0%

The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The stock has a market cap of $112.10 billion, a P/E ratio of 71.52, a price-to-earnings-growth ratio of 2.12 and a beta of 1.13. The business’s fifty day simple moving average is $92.96 and its 200 day simple moving average is $82.44.

Corning (NYSE:GLW) last announced its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. Corning’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, analysts expect that Corning Incorporated will post 2.33 EPS for the current year.

Insider Transactions at Corning

In other news, SVP Li Fang sold 9,797 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total transaction of $1,112,057.47. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eric S. Musser sold 25,000 shares of Corning stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $110.00, for a total value of $2,750,000.00. Following the completion of the sale, the insider owned 19,926 shares of the company’s stock, valued at approximately $2,191,860. The trade was a 55.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 55,945 shares of company stock worth $6,072,986 over the last 90 days. 0.32% of the stock is owned by insiders.

Institutional Investors Weigh In On Corning

Institutional investors and hedge funds have recently modified their holdings of the business. Beese Fulmer Investment Management Inc. grew its holdings in Corning by 2.5% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker’s stock worth $336,000 after acquiring an additional 92 shares during the period. Patten & Patten Inc. TN grew its stake in shares of Corning by 0.6% during the fourth quarter. Patten & Patten Inc. TN now owns 17,796 shares of the electronics maker’s stock worth $1,558,000 after purchasing an additional 100 shares during the period. Joel Isaacson & Co. LLC increased its holdings in Corning by 0.5% in the fourth quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker’s stock valued at $1,797,000 after purchasing an additional 102 shares during the last quarter. CVA Family Office LLC lifted its stake in Corning by 10.3% in the third quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock valued at $98,000 after buying an additional 111 shares during the period. Finally, Angeles Wealth Management LLC lifted its stake in Corning by 2.8% in the third quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker’s stock valued at $348,000 after buying an additional 116 shares during the period. 69.80% of the stock is owned by institutional investors.

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.