Corning (NYSE:GLW) COO Avery Nelson III Sells 1,583 Shares

Corning Incorporated (NYSE:GLW) COO Avery Nelson III sold 1,583 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $128.74, for a total transaction of $203,795.42. Following the transaction, the chief operating officer owned 59,788 shares of the company’s stock, valued at approximately $7,697,107.12. This trade represents a 2.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Corning Price Performance

Shares of NYSE GLW traded down $1.30 during trading on Thursday, hitting $131.60. The company had a trading volume of 12,250,774 shares, compared to its average volume of 9,130,794. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $136.83. The business’s 50-day moving average is $95.80 and its 200 day moving average is $83.83. The company has a market cap of $112.83 billion, a P/E ratio of 71.52, a PEG ratio of 2.22 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.

Corning (NYSE:GLW) last announced its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.Corning’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts predict that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be issued a $0.28 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.9%. Corning’s dividend payout ratio is presently 60.87%.

Institutional Investors Weigh In On Corning

Hedge funds have recently bought and sold shares of the company. Beese Fulmer Investment Management Inc. grew its stake in shares of Corning by 2.5% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker’s stock worth $336,000 after acquiring an additional 92 shares during the last quarter. 3Chopt Investment Partners LLC increased its holdings in shares of Corning by 1.0% during the 4th quarter. 3Chopt Investment Partners LLC now owns 10,248 shares of the electronics maker’s stock worth $897,000 after purchasing an additional 97 shares during the period. Patten & Patten Inc. TN raised its position in shares of Corning by 0.6% during the fourth quarter. Patten & Patten Inc. TN now owns 17,796 shares of the electronics maker’s stock valued at $1,558,000 after buying an additional 100 shares during the last quarter. Vermillion Wealth Management Inc. lifted its stake in shares of Corning by 32.8% in the fourth quarter. Vermillion Wealth Management Inc. now owns 405 shares of the electronics maker’s stock valued at $36,000 after buying an additional 100 shares during the period. Finally, Joel Isaacson & Co. LLC grew its position in Corning by 0.5% during the fourth quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker’s stock worth $1,797,000 after buying an additional 102 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning reported strong 2025 results and disclosed a roughly $6 billion fiber contract with Meta that directly boosts demand for its optical-fiber and cable business — the primary catalyst behind recent upside. Corning (GLW) Is Up 13.6% After Strong 2025 Results And $6 Billion Meta AI Fiber Deal
• Positive Sentiment: The Board declared a quarterly dividend of $0.28 per share (record Feb 27; payable Mar 30), which supports shareholder returns as the company scales into AI/telecom projects. Corning Announces Quarterly Dividend
• Positive Sentiment: Market commentary highlights Corning’s “AI moment,” with fund inflows into AI/infra beneficiaries helping amplify momentum into the Meta deal and earnings beat. Corning Having Its AI Moment, Drawing Inflows
• Neutral Sentiment: Analysts have largely turned constructive (several upgrades and higher targets after results), but consensus price targets still vary and valuation reflects growth expectations. MarketBeat GLW summary
• Negative Sentiment: Multiple senior executives sold shares in early February (COO Avery Nelson III sold ~6,262 shares). These filings can trigger short-term selling and investor concern even when sales are for diversification/liquidity. Corning (NYSE:GLW) COO Sells $812,744.98 in Stock
• Negative Sentiment: Additional large insider disposals (EVP Lewis Steverson and others) were disclosed, and outlets reported near-term weakness tied to those sales. Short-term traders often react to clustered insider selling. Steverson Form 4 (SEC)

Wall Street Analysts Forecast Growth

Several analysts recently commented on GLW shares. UBS Group restated a “buy” rating and set a $125.00 price target on shares of Corning in a report on Friday, January 30th. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Argus increased their price objective on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Barclays set a $100.00 target price on Corning in a research note on Thursday, January 29th. Finally, Susquehanna lifted their price target on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $112.36.

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.