Corning Incorporated (NYSE:GLW) Receives $114.25 Average PT from Brokerages

Shares of Corning Incorporated (NYSE:GLW) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $117.1667.

GLW has been the topic of a number of research analyst reports. Oppenheimer set a $120.00 price target on Corning in a report on Thursday, January 29th. Citigroup boosted their target price on shares of Corning from $102.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. upped their target price on shares of Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Argus lifted their price target on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, UBS Group boosted their price target on shares of Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday.

Insider Buying and Selling at Corning

In related news, EVP Lewis A. Steverson sold 15,366 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the completion of the transaction, the executive vice president directly owned 3,461 shares of the company’s stock, valued at approximately $450,691.42. This trade represents a 81.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Li Fang sold 9,797 shares of the business’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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 95,687 shares of company stock worth $11,249,008 over the last three months. 0.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On Corning

Institutional investors and hedge funds have recently made changes to their positions in the business. Hartline Investment Corp grew its position in Corning by 113.2% in the 3rd quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock valued at $24,229,000 after acquiring an additional 156,843 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Corning by 1.6% in the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after purchasing an additional 1,582,895 shares during the period. Schroder Investment Management Group boosted its stake in shares of Corning by 638.0% in the second quarter. Schroder Investment Management Group now owns 546,407 shares of the electronics maker’s stock valued at $28,736,000 after purchasing an additional 472,365 shares during the period. Motley Fool Asset Management LLC grew its holdings in shares of Corning by 10.5% in the second quarter. Motley Fool Asset Management LLC now owns 44,037 shares of the electronics maker’s stock valued at $2,316,000 after purchasing an additional 4,183 shares in the last quarter. Finally, Caprock Group LLC purchased a new stake in Corning during the 3rd quarter worth approximately $3,355,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Trading Up 7.3%

Shares of Corning stock opened at $139.53 on Monday. Corning has a fifty-two week low of $37.31 and a fifty-two week high of $140.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The company has a market capitalization of $119.71 billion, a P/E ratio of 75.83, a P/E/G ratio of 2.42 and a beta of 1.13. The company has a fifty day moving average of $101.83 and a 200 day moving average of $87.48.

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

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, February 27th. Corning’s payout ratio is currently 60.87%.

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.