Corning (NYSE:GLW) Trading 3.9% Higher – Should You Buy?

Corning Incorporated (NYSE:GLW)’s stock price shot up 3.9% on Thursday . The company traded as high as $148.18 and last traded at $147.9210. 11,387,647 shares traded hands during trading, a decline of 0% from the average session volume of 11,443,767 shares. The stock had previously closed at $142.38.

Analyst Ratings Changes

GLW has been the topic of several research reports. Mizuho set a $145.00 price objective on shares of Corning in a report on Monday, February 23rd. Fox Advisors cut shares of Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Morgan Stanley boosted their price objective on Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. HSBC restated a “buy” rating and issued a $135.00 target price on shares of Corning in a report on Friday, February 13th. Finally, Barclays set a $100.00 target price on shares of Corning in a research note on Thursday, January 29th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.08.

Corning Price Performance

The firm’s 50 day moving average price is $129.26 and its two-hundred day moving average price is $101.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The stock has a market cap of $127.07 billion, a PE ratio of 80.39, a P/E/G ratio of 2.15 and a beta of 1.05.

Corning (NYSE:GLW) last issued its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (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 net margin of 10.21% and a return on equity of 18.72%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, research analysts expect that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, February 27th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. Corning’s dividend payout ratio is 60.87%.

Insider Buying and Selling at Corning

In other news, insider Eric S. Musser sold 25,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the completion of the transaction, the insider directly owned 19,926 shares in the company, valued at $2,191,860. The trade was a 55.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Li Fang sold 9,797 shares of Corning stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total value of $1,112,057.47. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 233,201 shares of company stock worth $32,614,558. 0.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Berbice Capital Management LLC purchased a new position in Corning in the 4th quarter worth approximately $26,000. Basepoint Wealth LLC bought a new position in Corning in the fourth quarter valued at $26,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Corning during the third quarter valued at about $25,000. Kemnay Advisory Services Inc. purchased a new stake in Corning during the fourth quarter valued at about $27,000. Finally, Strengthening Families & Communities LLC purchased a new position in shares of Corning in the 3rd quarter worth about $27,000. 69.80% of the stock is currently owned by institutional investors.

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.