Corning (NYSE:GLW) SVP Sells $674,885.20 in Stock

Corning Incorporated (NYSE:GLW) SVP Michaune Tillman sold 3,260 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $207.02, for a total value of $674,885.20. Following the sale, the senior vice president directly owned 10,174 shares of the company’s stock, valued at $2,106,221.48. The trade was a 24.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Corning Trading Down 4.4%

Shares of NYSE:GLW traded down $9.16 during midday trading on Tuesday, reaching $198.23. 22,976,592 shares of the company’s stock were exchanged, compared to its average volume of 11,900,629. The firm’s 50 day simple moving average is $152.13 and its two-hundred day simple moving average is $116.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The stock has a market cap of $170.60 billion, a price-to-earnings ratio of 94.85, a P/E/G ratio of 2.68 and a beta of 1.14. Corning Incorporated has a fifty-two week low of $46.77 and a fifty-two week high of $208.92.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, sell-side analysts forecast that Corning Incorporated will post 3.19 EPS for the current fiscal year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s dividend payout ratio (DPR) is presently 53.59%.

Hedge Funds Weigh In On Corning

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Beirne Wealth Consulting Services LLC grew its position in shares of Corning by 0.8% during the first quarter. Beirne Wealth Consulting Services LLC now owns 8,045 shares of the electronics maker’s stock worth $1,094,000 after buying an additional 64 shares in the last quarter. Balefire LLC grew its position in shares of Corning by 0.7% during the first quarter. Balefire LLC now owns 9,595 shares of the electronics maker’s stock worth $1,305,000 after buying an additional 65 shares in the last quarter. Millstone Evans Group LLC grew its position in shares of Corning by 1.3% during the first quarter. Millstone Evans Group LLC now owns 5,393 shares of the electronics maker’s stock worth $733,000 after buying an additional 67 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Corning by 1.6% during the first quarter. Geneos Wealth Management Inc. now owns 4,585 shares of the electronics maker’s stock worth $623,000 after buying an additional 70 shares in the last quarter. Finally, Caldwell Trust Co grew its position in shares of Corning by 0.5% during the first quarter. Caldwell Trust Co now owns 15,893 shares of the electronics maker’s stock worth $2,161,000 after buying an additional 74 shares in the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Oppenheimer lifted their target price on Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Susquehanna lifted their target price on Corning from $125.00 to $180.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. Citigroup lifted their target price on Corning from $175.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Barclays lifted their target price on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Corning has a consensus rating of “Moderate Buy” and a consensus target price of $177.92.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning was highlighted as a potential winner from massive AI data center growth, with demand for optical components expected to support revenue and earnings. 3 Optical Component Giants in Focus on Massive AI Data Center Growth
• Positive Sentiment: Mizuho raised its price target on Corning to $220 from $190 and kept an outperform rating, signaling confidence in further upside. Benzinga report on Mizuho price target increase
• Positive Sentiment: Recent coverage said Corning’s rally is being driven by a stronger long-term outlook tied to AI infrastructure spending, expanded U.S. manufacturing, and photonics growth plans. Corning Surges 137.4% Year to Date: How to Play the Stock
• Neutral Sentiment: The stock also saw unusually heavy call-option activity, which suggests traders are betting on more upside, but this is more a signal of sentiment than a fundamental catalyst.
• Negative Sentiment: Analysts also noted risks from competition and cyclical end markets, which could pressure results if AI-related demand slows or broader industrial demand weakens.

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.