Corning (NYSE:GLW) Trading 4.3% Higher on Analyst Upgrade

Corning Incorporated (NYSE:GLW)’s share price traded up 4.3% during trading on Wednesday after Mizuho raised their price target on the stock from $190.00 to $220.00. Mizuho currently has an outperform rating on the stock. Corning traded as high as $211.79 and last traded at $206.7060. 15,260,820 shares traded hands during mid-day trading, an increase of 28% from the average session volume of 11,922,107 shares. The stock had previously closed at $198.24.

Other equities analysts have also issued reports about the company. Morgan Stanley set a $180.00 price target on Corning in a report on Friday, May 8th. Zacks Research raised Corning from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Barclays lifted their price objective on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Finally, Bank of America lifted their price objective on Corning from $155.00 to $186.00 and gave the company a “buy” rating in a research note on Monday, April 20th. One equities research 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. According to MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and an average target price of $177.92.

Insider Transactions at Corning

In other Corning news, SVP Soumya Seetharam sold 20,000 shares of Corning stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the completion of the sale, the senior vice president owned 25,570 shares of the company’s stock, valued at $5,273,301.10. The trade was a 43.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Michaune D. Tillman sold 3,260 shares of Corning 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 approximately $2,106,221.48. This trade represents a 24.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 172,305 shares of company stock worth $28,353,207. 0.25% of the stock is currently owned by company insiders.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Analysts and market commentary continue to frame Corning as a key AI data-center beneficiary, with optical-component demand and manufacturing expansion seen as important growth drivers. 3 Optical Component Giants in Focus on Massive AI Data Center Growth
• Positive Sentiment: Mizuho boosted its price target on Corning and reiterated an outperform rating, which likely reinforced bullish investor expectations.
• Positive Sentiment: Additional coverage described Corning’s AI growth story as still developing, helped by its relationship with Nvidia and improved investor attention. Corning surges to record high: is the AI boom just beginning?
• Neutral Sentiment: One article asked how investors should play Corning after a huge year-to-date gain, but it also noted risks from competition and cyclical end markets. Corning Surges 137.4% Year to Date: How to Play the Stock
• Negative Sentiment: Three Corning executives recently sold shares, which can create some caution even though the broader business outlook remains favorable.

Institutional Investors Weigh In On Corning

A number of hedge funds and other institutional investors have recently modified their holdings of GLW. Signature Equity Partners LLC lifted its stake in shares of Corning by 19.3% in the first quarter. Signature Equity Partners LLC now owns 383 shares of the electronics maker’s stock worth $52,000 after buying an additional 62 shares during the last quarter. Beirne Wealth Consulting Services LLC lifted its stake in shares of Corning by 0.8% in 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 during the last quarter. Balefire LLC lifted its stake in shares of Corning by 0.7% in 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 during the last quarter. Millstone Evans Group LLC lifted its stake in shares of Corning by 1.3% in 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 during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Corning by 1.6% in 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 during the last quarter. Institutional investors own 69.80% of the company’s stock.

Corning Price Performance

The stock’s 50 day moving average price is $153.08 and its two-hundred day moving average price is $117.47. 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 firm has a market capitalization of $177.90 billion, a price-to-earnings ratio of 98.90, a PEG ratio of 2.97 and a beta of 1.14.

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

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, May 29th. Corning’s dividend payout ratio is presently 53.59%.

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.