Insider Selling: Corning (NYSE:GLW) COO Sells 1,583 Shares of Stock

Corning Incorporated (NYSE:GLW) COO Avery Nelson III sold 1,583 shares of Corning stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total value of $203,795.42. Following the sale, the chief operating officer directly owned 59,788 shares in the company, valued at $7,697,107.12. The trade was a 2.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Corning Stock Performance

GLW stock traded down $1.30 during midday trading on Thursday, hitting $131.60. The stock had a trading volume of 12,250,774 shares, compared to its average volume of 9,130,794. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $136.83. 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 stock has a 50-day simple moving average of $95.80 and a 200 day simple moving average of $83.83. The firm has a market capitalization of $112.83 billion, a price-to-earnings ratio of 71.52, a P/E/G ratio of 2.22 and a beta of 1.13.

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

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio is currently 60.87%.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning reported strong 2025 results and disclosed a roughly $6 billion fiber contract with Meta that directly boosts demand for its optical-fiber and cable business — the primary catalyst behind recent upside. Corning (GLW) Is Up 13.6% After Strong 2025 Results And $6 Billion Meta AI Fiber Deal
• Positive Sentiment: The Board declared a quarterly dividend of $0.28 per share (record Feb 27; payable Mar 30), which supports shareholder returns as the company scales into AI/telecom projects. Corning Announces Quarterly Dividend
• Positive Sentiment: Market commentary highlights Corning’s “AI moment,” with fund inflows into AI/infra beneficiaries helping amplify momentum into the Meta deal and earnings beat. Corning Having Its AI Moment, Drawing Inflows
• Neutral Sentiment: Analysts have largely turned constructive (several upgrades and higher targets after results), but consensus price targets still vary and valuation reflects growth expectations. MarketBeat GLW summary
• Negative Sentiment: Multiple senior executives sold shares in early February (COO Avery Nelson III sold ~6,262 shares). These filings can trigger short-term selling and investor concern even when sales are for diversification/liquidity. Corning (NYSE:GLW) COO Sells $812,744.98 in Stock
• Negative Sentiment: Additional large insider disposals (EVP Lewis Steverson and others) were disclosed, and outlets reported near-term weakness tied to those sales. Short-term traders often react to clustered insider selling. Steverson Form 4 (SEC)

Analyst Upgrades and Downgrades

GLW has been the subject of several analyst reports. Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Citigroup boosted their price objective on Corning from $102.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Argus increased their target price on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Mizuho lifted their price target on Corning from $97.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Finally, Fox Advisors downgraded shares of Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.36.

Hedge Funds Weigh In On Corning

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Corning by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 99,283,317 shares of the electronics maker’s stock valued at $8,693,247,000 after purchasing an additional 580,678 shares in the last quarter. State Street Corp increased its position in shares of Corning by 1.2% in the 3rd quarter. State Street Corp now owns 37,008,856 shares of the electronics maker’s stock valued at $3,035,836,000 after buying an additional 439,883 shares in the last quarter. Geode Capital Management LLC raised its stake in Corning by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 20,411,824 shares of the electronics maker’s stock worth $1,781,250,000 after buying an additional 517,067 shares during the period. Capital Research Global Investors raised its stake in Corning by 52.7% during the 4th quarter. Capital Research Global Investors now owns 16,890,802 shares of the electronics maker’s stock worth $1,478,959,000 after buying an additional 5,831,873 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Corning by 30.3% during the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock worth $1,358,211,000 after acquiring an additional 3,848,540 shares in the last quarter. Institutional investors 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.