Corning (NYSE:GLW) Stock Price Expected to Rise, UBS Group Analyst Says

Corning (NYSE:GLW) had its target price lifted by stock analysts at UBS Group from $125.00 to $160.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the electronics maker’s stock. UBS Group’s target price points to a potential upside of 14.61% from the stock’s current price.

Several other research firms have also recently commented on GLW. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Mizuho boosted their price objective on Corning from $97.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Oppenheimer set a $120.00 price target on Corning in a research report on Thursday, January 29th. HSBC reissued a “buy” rating and set a $135.00 target price on shares of Corning in a research note on Friday, February 13th. Finally, Wolfe Research set a $130.00 price target on Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.17.

Corning Stock Up 7.4%

NYSE:GLW traded up $9.61 on Friday, reaching $139.60. The stock had a trading volume of 4,915,232 shares, compared to its average volume of 9,097,881. The stock has a market cap of $119.77 billion, a P/E ratio of 75.92, a price-to-earnings-growth ratio of 2.29 and a beta of 1.13. Corning has a 12-month low of $37.31 and a 12-month high of $140.27. 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 company has a 50-day moving average of $100.80 and a 200 day moving average of $86.62.

Corning (NYSE:GLW) last issued its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the company posted $0.57 earnings per share. The company’s quarterly revenue 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, research analysts predict that Corning will post 2.33 earnings per share for the current year.

Insider Activity at Corning

In related news, EVP Lewis A. Steverson sold 15,366 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric S. Musser sold 25,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the completion of the sale, the insider directly owned 19,926 shares in the company, valued at $2,191,860. This represents a 55.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 95,687 shares of company stock valued at $11,249,008 in the last three months. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Corning

A number of institutional investors and hedge funds have recently made changes to their positions in GLW. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 580,678 shares during the period. State Street Corp boosted its stake 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 purchasing an additional 439,883 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Corning by 2.6% during the fourth 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 last quarter. Capital Research Global Investors increased its holdings in Corning by 52.7% in 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 purchasing an additional 5,831,873 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Corning by 30.3% in the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after buying an additional 3,848,540 shares during the period. 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.