Corning (NYSE:GLW) Stock Price Up 2.3% – Time to Buy?

Corning Incorporated (NYSE:GLW)’s stock price was up 2.3% during trading on Monday . The stock traded as high as $135.28 and last traded at $132.1360. Approximately 9,167,803 shares changed hands during trading, a decline of 17% from the average daily volume of 11,005,222 shares. The stock had previously closed at $129.12.

Analyst Ratings Changes

Several equities analysts recently issued reports on GLW shares. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Bank of America lifted their price target on Corning from $120.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday. Susquehanna increased their price objective on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Citigroup raised their price objective on Corning from $120.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, Fox Advisors downgraded Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.75.

Corning Price Performance

The firm has a market cap of $113.37 billion, a PE ratio of 71.81, a price-to-earnings-growth ratio of 2.04 and a beta of 1.04. The stock has a 50 day simple moving average of $117.74 and a two-hundred day simple moving average of $95.48. 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 issued its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $4.41 billion for 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%.The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Sell-side analysts expect that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. Corning’s dividend payout ratio (DPR) is presently 60.87%.

Insider Activity

In other Corning news, EVP Lewis A. Steverson sold 15,366 shares of Corning stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the completion of the transaction, the executive vice president owned 3,461 shares of the company’s stock, valued at approximately $450,691.42. The trade was a 81.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric S. Musser sold 25,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the completion of the transaction, the insider owned 19,926 shares of the company’s stock, valued at approximately $2,191,860. This trade represents a 55.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 233,201 shares of company stock worth $32,614,558. 0.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Corning

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