Corning (NYSE:GLW) Trading Up 4.9% – Should You Buy?

Corning Incorporated (NYSE:GLW)’s share price was up 4.9% during trading on Wednesday . The company traded as high as $144.70 and last traded at $142.6760. Approximately 12,182,255 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 11,442,609 shares. The stock had previously closed at $135.97.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Jim Cramer named Corning a top pick for the AI and data‑center buildout, signaling retail/institutional interest and potentially boosting investor demand into the infrastructure theme. Jim Cramer Chooses Corning Incorporated As “The Best One” for AI and Data Center Buildout
• Positive Sentiment: Corning and Meta broke ground on a major optical‑cable manufacturing expansion in Hickory, NC — part of a multiyear agreement (reported up to ~$6B) to supply cables for AI data centers built in the U.S. This is a direct revenue/capacity catalyst and validates Corning’s role in AI infrastructure. Corning and Meta Celebrate Start of Construction on Cable Manufacturing Expansion in North Carolina to Support AI Buildout
• Neutral Sentiment: Analyses and sector write‑ups (Zacks, others) are flagging Corning as a relatively strong performer vs. tech peers and as a high‑ROE, cash‑efficient defensive name — supportive for longer‑term positioning but not an immediate catalyst. 5 Stocks With High ROE to Buy as Iran War Crisis Refuses to Abate
• Negative Sentiment: Truist initiated coverage with a “hold” rating and a $125 price target — roughly below the current trading level — which could cap upside or create selling pressure among more conservative investors. Benzinga / Truist Coverage Note

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Bank of America raised their price target on shares of Corning from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Fox Advisors lowered shares of Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. Wolfe Research set a $130.00 target price on shares of Corning and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Oppenheimer set a $120.00 target price on shares of Corning in a report on Thursday, January 29th. Finally, HSBC reaffirmed a “buy” rating and set a $135.00 price target on shares of Corning in a research report on Friday, February 13th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and an average price target of $132.08.

Corning Stock Performance

The stock has a market capitalization of $122.56 billion, a price-to-earnings ratio of 77.54, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a 50 day simple moving average of $128.28 and a 200-day simple moving average of $100.78. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last announced 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 the consensus estimate of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, equities research analysts expect that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, February 27th. Corning’s dividend payout ratio (DPR) is presently 60.87%.

Insider Transactions at Corning

In other news, CEO Wendell P. Weeks sold 137,514 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the transaction, the chief executive officer owned 750,585 shares in the company, valued at approximately $116,618,391.45. This represents a 15.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John Z. Zhang sold 1,531 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $133.75, for a total value of $204,771.25. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 233,201 shares of company stock valued at $32,614,558. 0.25% of the stock is owned by insiders.

Institutional Investors Weigh In On Corning

A number of hedge funds have recently added to or reduced their stakes in the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Corning in the 3rd quarter valued at $25,000. Berbice Capital Management LLC acquired a new position in Corning during the fourth quarter worth $26,000. Basepoint Wealth LLC acquired a new position in Corning during the fourth quarter worth $26,000. Strengthening Families & Communities LLC bought a new position in shares of Corning in the third quarter valued at $27,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Corning during the fourth quarter valued at about $27,000. 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.