Corning (NYSE:GLW) Trading Up 6.6% – What’s Next?

Corning Incorporated (NYSE:GLW)’s stock price was up 6.6% on Thursday . The stock traded as high as $193.75 and last traded at $192.5390. Approximately 13,605,377 shares changed hands during trading, an increase of 13% from the average daily volume of 12,069,777 shares. The stock had previously closed at $180.69.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GLW shares. Citigroup lifted their target price on shares of Corning from $175.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Mizuho lifted their target price on shares of Corning from $190.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Zacks Research raised shares of Corning from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Susquehanna raised their price target on shares of Corning from $125.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Finally, Truist Financial raised their price target on shares of Corning from $125.00 to $149.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Corning presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.92.

Corning Stock Performance

The stock’s fifty day moving average is $159.19 and its two-hundred day moving average is $121.78. The firm has a market capitalization of $165.71 billion, a price-to-earnings ratio of 92.12, a price-to-earnings-growth ratio of 2.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61.

Corning (NYSE:GLW) last announced its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Analysts forecast that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s dividend payout ratio (DPR) is currently 53.59%.

Insider Activity at Corning

In other Corning news, CEO Wendell P. Weeks sold 137,514 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the transaction, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at $116,618,391.45. This trade represents a 15.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Soumya Seetharam sold 20,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the transaction, the senior vice president directly owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. This represents a 43.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 170,774 shares of company stock valued at $28,148,435 in the last 90 days. 0.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GLW. Brighton Jones LLC lifted its position in shares of Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after buying an additional 2,114 shares during the last quarter. Retirement Planning Co of New England Inc. bought a new position in shares of Corning in the 1st quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Corning by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after buying an additional 5,522 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Corning in the 2nd quarter worth about $401,000. Finally, Schnieders Capital Management LLC. bought a new position in shares of Corning in the 2nd quarter worth about $266,000. 69.80% of the stock is currently owned by 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.