Avery Nelson III Sells 6,262 Shares of Corning (NYSE:GLW) Stock

Corning Incorporated (NYSE:GLW) COO Avery Nelson III sold 6,262 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $129.79, for a total transaction of $812,744.98. Following the completion of the sale, the chief operating officer directly owned 61,371 shares of the company’s stock, valued at $7,965,342.09. The trade was a 9.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Corning Stock Up 3.8%

GLW stock traded up $4.93 during trading hours on Wednesday, reaching $133.03. 10,005,624 shares of the stock were exchanged, compared to its average volume of 8,983,004. The firm’s 50-day moving average is $94.81 and its 200-day moving average is $83.49. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $134.39. The company has a market cap of $114.06 billion, a price-to-earnings ratio of 72.30, a PEG ratio of 2.28 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04.

Corning (NYSE:GLW) last announced its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the company earned $0.57 EPS. Corning’s revenue for the quarter was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities research analysts expect that Corning Incorporated will post 2.33 earnings per share for the current year.

Institutional Investors Weigh In On Corning

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after acquiring an additional 2,114 shares during the last quarter. Retirement Planning Co of New England Inc. purchased a new position in shares of Corning in the first quarter worth $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Corning by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock valued at $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Corning during the 2nd quarter valued at approximately $401,000. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of Corning by 24.9% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 6,285 shares of the electronics maker’s stock valued at $331,000 after acquiring an additional 1,251 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GLW. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. UBS Group restated a “buy” rating and set a $125.00 target price on shares of Corning in a research report on Friday, January 30th. 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. Weiss Ratings lowered shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 27th. Finally, Barclays set a $100.00 price target on shares of Corning in a report on Thursday, January 29th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Corning presently has an average rating of “Moderate Buy” and an average price target of $112.36.

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.