Lewis Steverson Sells 15,366 Shares of Corning (NYSE:GLW) Stock

Corning Incorporated (NYSE:GLW) EVP Lewis Steverson sold 15,366 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 3,461 shares of the company’s stock, valued at approximately $450,691.42. The trade was a 81.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Corning Stock Performance

Shares of NYSE:GLW traded up $4.93 during mid-day trading on Wednesday, reaching $133.03. 10,005,624 shares of the company traded hands, compared to its average volume of 8,983,004. The company’s 50 day moving average price is $94.81 and its 200-day moving average price is $83.49. The firm has a market cap of $114.06 billion, a PE 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 Incorporated has a 52 week low of $37.31 and a 52 week high of $134.39.

Corning (NYSE:GLW) last released its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The company had revenue of $4.41 billion for 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 firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities analysts expect that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GLW. Morgan Stanley upped their target price 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. Zacks Research cut Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. UBS Group reiterated a “buy” rating and issued a $125.00 target price on shares of Corning in a research report on Friday, January 30th. Oppenheimer set a $120.00 price target on Corning in a report on Thursday, January 29th. Finally, Argus lifted their price objective on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $112.36.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Berbice Capital Management LLC bought a new stake in shares of Corning during the 4th quarter worth approximately $26,000. Basepoint Wealth LLC bought a new stake in Corning during the 4th quarter valued at about $26,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Corning in the 3rd quarter valued at about $25,000. Strengthening Families & Communities LLC purchased a new position in shares of Corning during the third quarter worth approximately $27,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 124 shares in the last quarter. Institutional investors own 69.80% of the company’s stock.

Corning Company Profile

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.