Corning (NYSE:GLW) Stock Price Down 1.1% – What’s Next?

Shares of Corning Incorporated (NYSE:GLW) were down 1.1% during mid-day trading on Monday . The stock traded as low as $141.72 and last traded at $146.2560. Approximately 11,702,714 shares changed hands during trading, an increase of 2% from the average daily volume of 11,450,935 shares. The stock had previously closed at $147.92.

Analyst Upgrades and Downgrades

GLW has been the topic of several research analyst reports. Oppenheimer set a $120.00 price objective on shares of Corning in a research note on Thursday, January 29th. UBS Group increased their price target on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Morgan Stanley raised their price target on Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Wolfe Research set a $130.00 price objective on Corning and gave the company an “outperform” rating in a research report on Tuesday, January 27th. Finally, Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.08.

Corning Stock Performance

The stock has a market cap of $125.64 billion, a price-to-earnings ratio of 79.49, a P/E/G ratio of 2.33 and a beta of 1.06. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $131.42 and a 200-day simple moving average of $102.22.

Corning (NYSE:GLW) last released its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 18.72% and a net margin of 10.21%.The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were given a dividend of $0.28 per share. The ex-dividend date was Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Corning’s payout ratio is currently 60.87%.

Insider Buying and Selling at Corning

In related news, VP John Z. Zhang sold 1,531 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total value of $204,771.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Lewis A. Steverson sold 15,366 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the completion of the transaction, the executive vice president directly owned 3,461 shares in the company, valued at approximately $450,691.42. The trade was a 81.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 233,201 shares of company stock valued at $32,614,558 over the last 90 days. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Corning

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