Corning (NYSE:GLW) Sets New 12-Month High – What’s Next?

Shares of Corning Incorporated (NYSE:GLW) hit a new 52-week high on Monday . The stock traded as high as $125.79 and last traded at $126.8480, with a volume of 1151133 shares trading hands. The stock had previously closed at $122.16.

Wall Street Analyst Weigh In

GLW has been the subject of several analyst reports. Wolfe Research set a $130.00 price target on Corning and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Morgan Stanley upped their price objective on shares of Corning from $98.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. raised their target price on shares of Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Fox Advisors lowered shares of Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. Finally, Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.36.

Corning Stock Performance

The stock’s 50 day moving average price is $94.81 and its two-hundred day moving average price is $83.49. 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 market capitalization of $109.86 billion, a price-to-earnings ratio of 69.64, a PEG ratio of 2.28 and a beta of 1.13.

Corning (NYSE:GLW) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The firm’s 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, analysts forecast that Corning Incorporated will post 2.33 EPS for the current year.

Insider Transactions at Corning

In related news, CFO Edward A. Schlesinger sold 21,104 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total value of $2,206,423.20. Following the sale, the chief financial officer owned 54,780 shares in the company, valued at $5,727,249. This represents a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Li Fang sold 9,797 shares of the firm’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 disclosure for this sale is available in the SEC filing. Insiders have sold 70,945 shares of company stock valued at $8,026,736 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GLW. Berbice Capital Management LLC acquired a new stake in Corning in the 4th quarter valued at about $26,000. Basepoint Wealth LLC acquired a new stake in shares of Corning in the fourth quarter valued at approximately $26,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Corning during the 3rd quarter worth approximately $25,000. Strengthening Families & Communities LLC purchased a new position in shares of Corning during the 3rd quarter worth approximately $27,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Corning by 58.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 124 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.