Corning (NYSE:GLW) Reaches New 1-Year High – What’s Next?

Corning Incorporated (NYSE:GLW) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $117.21 and last traded at $113.7180, with a volume of 236004 shares. The stock had previously closed at $110.36.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GLW. Susquehanna boosted their price target on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Wolfe Research set a $130.00 price target on shares of Corning and gave the company an “outperform” rating in a report on Tuesday, January 27th. Morgan Stanley raised their target price on shares of Corning from $98.00 to $103.00 and gave the company an “equal weight” rating in a report on Thursday, January 29th. Mizuho raised their price objective on Corning from $97.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $112.36.

Corning Trading Up 2.8%

The company has a market cap of $96.72 billion, a price-to-earnings ratio of 59.02, a P/E/G ratio of 1.95 and a beta of 1.13. 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’s fifty day moving average is $91.61 and its two-hundred day moving average is $81.37.

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

Insider Activity at Corning

In related 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 value of $2,750,000.00. Following the completion of the sale, the insider directly owned 19,926 shares of the company’s stock, valued at $2,191,860. The trade was a 55.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Edward A. Schlesinger sold 21,104 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the sale, the chief financial officer directly owned 54,780 shares of the company’s stock, valued at approximately $5,727,249. This trade represents a 27.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 46,148 shares of company stock worth $4,960,928 over the last quarter. 0.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Research Global Investors purchased a new stake in Corning in the 3rd quarter valued at about $907,164,000. Norges Bank acquired a new position in shares of Corning in the 2nd quarter valued at $534,936,000. WCM Investment Management LLC purchased a new position in shares of Corning in the 3rd quarter worth $676,931,000. Wellington Management Group LLP grew its position in Corning by 30.3% during the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after acquiring an additional 3,848,540 shares during the period. Finally, Voya Investment Management LLC lifted its stake in shares of Corning by 748.0% in the 3rd quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock valued at $260,014,000 after purchasing an additional 2,795,948 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

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.