Corning (NYSE:GLW) SVP Jaymin Amin Sells 27,395 Shares

Corning Incorporated (NYSE:GLW) SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the completion of the transaction, the senior vice president owned 94,400 shares in the company, valued at $18,138,016. The trade was a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Corning Stock Performance

Shares of Corning stock traded up $2.59 during trading on Tuesday, reaching $196.64. The company’s stock had a trading volume of 8,802,744 shares, compared to its average volume of 12,020,142. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. The business’s fifty day moving average price is $162.85 and its 200-day moving average price is $124.03. The firm has a market cap of $169.24 billion, a price-to-earnings ratio of 94.09, a price-to-earnings-growth ratio of 2.78 and a beta of 1.14. Corning Incorporated has a one year low of $48.62 and a one year high of $211.79.

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

Corning Dividend Announcement

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 0.6%. The ex-dividend date is Friday, May 29th. Corning’s dividend payout ratio is presently 53.59%.

Analysts Set New Price Targets

A number of brokerages have commented on GLW. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Oppenheimer raised their price objective on Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Truist Financial raised their price objective on Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Morgan Stanley set a $180.00 target price on shares of Corning in a research report on Friday, May 8th. Finally, Susquehanna lifted their target price on shares of Corning from $125.00 to $180.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. 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. According to data from MarketBeat, Corning presently has an average rating of “Moderate Buy” and an average price target of $177.92.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Capital Research Global Investors bought a new position in Corning in the 3rd quarter valued at $907,164,000. Norges Bank bought a new position in Corning in the 4th quarter valued at $921,435,000. WCM Investment Management LLC bought a new position in Corning in the 3rd quarter valued at $676,931,000. Wellington Management Group LLP boosted its position in Corning by 30.3% in the 3rd quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after buying an additional 3,848,540 shares during the last quarter. Finally, Polar Capital Holdings Plc boosted its position in Corning by 141.2% in the 3rd quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker’s stock valued at $329,035,000 after buying an additional 2,348,125 shares during the last quarter. 69.80% of the stock is 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.