Corning (NYSE:GLW) Trading Up 7.5% – Should You Buy?

Corning Incorporated (NYSE:GLW) shares were up 7.5% on Monday . The stock traded as high as $212.39 and last traded at $209.6080. Approximately 18,472,222 shares traded hands during mid-day trading, an increase of 51% from the average session volume of 12,217,908 shares. The stock had previously closed at $194.92.

Analyst Ratings Changes

GLW has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. UBS Group increased their target price on shares of Corning from $223.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Morgan Stanley set a $180.00 price objective on shares of Corning in a research note on Friday, May 8th. Susquehanna increased their price objective on shares of Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Finally, Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.62.

Corning Stock Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. The stock has a fifty day simple moving average of $180.63 and a two-hundred day simple moving average of $137.63. The stock has a market cap of $180.40 billion, a PE ratio of 100.29, a PEG ratio of 2.79 and a beta of 1.15.

Corning (NYSE:GLW) last posted its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The company had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm posted $0.54 earnings per share. The business’s quarterly revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Equities analysts anticipate that Corning Incorporated will post 3.19 EPS for the current fiscal year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, May 29th. This represents a $1.12 annualized dividend and a dividend yield of 0.5%. Corning’s dividend payout ratio (DPR) is currently 53.59%.

Insider Activity at Corning

In related news, VP John Z. Zhang sold 10,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $198.34, for a total value of $1,983,400.00. Following the completion of the transaction, the vice president owned 5,138 shares of the company’s stock, valued at approximately $1,019,070.92. This represents a 66.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Soumya Seetharam sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $206.23, for a total value of $4,124,600.00. Following the sale, the senior vice president owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. This trade represents a 43.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 160,655 shares of company stock valued at $30,692,560. 0.25% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Corning

Several institutional investors and hedge funds have recently made changes to their positions in the business. Western Wealth Management LLC grew its position in shares of Corning by 17.1% during the first quarter. Western Wealth Management LLC now owns 30,229 shares of the electronics maker’s stock worth $4,110,000 after buying an additional 4,417 shares in the last quarter. Wealthquest Corp acquired a new stake in Corning in the first quarter valued at $250,000. DV Trading LLC raised its holdings in Corning by 89.1% in the first quarter. DV Trading LLC now owns 1,891 shares of the electronics maker’s stock valued at $257,000 after acquiring an additional 891 shares in the last quarter. Parallel Advisors LLC boosted its stake in Corning by 6.5% during the 1st quarter. Parallel Advisors LLC now owns 22,209 shares of the electronics maker’s stock valued at $3,020,000 after acquiring an additional 1,354 shares during the last quarter. Finally, First Nebraska Trust Co bought a new position in Corning during the 1st quarter valued at $926,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

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.