Li Fang Sells 9,797 Shares of Corning (NYSE:GLW) Stock

Corning Incorporated (NYSE:GLW) SVP Li Fang sold 9,797 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total value of $1,112,057.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Corning Stock Up 8.4%

GLW stock opened at $122.31 on Friday. Corning Incorporated has a one year low of $37.31 and a one year high of $122.56. 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 firm’s fifty day moving average is $92.96 and its 200 day moving average is $82.06. The firm has a market cap of $104.86 billion, a PE ratio of 66.47, a P/E/G ratio of 1.95 and a beta of 1.13.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GLW shares. Weiss Ratings cut shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 27th. Oppenheimer set a $120.00 price target on shares of Corning in a research note on Thursday, January 29th. Morgan Stanley increased their target price on Corning from $98.00 to $103.00 and gave the company an “equal weight” rating in a report on Thursday, January 29th. Argus lifted their price target on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. raised their price objective on Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and a consensus price target of $112.36.

Hedge Funds Weigh In On Corning

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLW. Lloyd Advisory Services LLC. acquired a new position in shares of Corning during the 4th quarter valued at about $44,000. Karras Company Inc. acquired a new position in Corning in the 4th quarter valued at about $2,985,000. Advisory Alpha LLC grew its stake in shares of Corning by 58.8% in the 4th quarter. Advisory Alpha LLC now owns 5,640 shares of the electronics maker’s stock valued at $494,000 after buying an additional 2,088 shares during the period. Mizuho Markets Cayman LP acquired a new stake in shares of Corning during the 4th quarter worth approximately $3,270,000. Finally, Ignite Planners LLC lifted its holdings in Corning by 14.1% in the fourth quarter. Ignite Planners LLC now owns 3,586 shares of the electronics maker’s stock valued at $314,000 after acquiring an additional 442 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

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.