Corning (NYSE:GLW) Given New $160.00 Price Target at UBS Group

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

A number of other research firms have also weighed in on GLW. Oppenheimer set a $120.00 price objective on shares of Corning in a research note on Thursday, January 29th. Morgan Stanley increased their price target on shares of Corning from $98.00 to $103.00 and gave the stock an “equal weight” rating in a report on Thursday, January 29th. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Weiss Ratings upgraded shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Barclays set a $100.00 target price on shares of Corning in a report on Thursday, January 29th. Eleven equities research 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 stock presently has an average rating of “Moderate Buy” and an average target price of $117.17.

Corning Stock Up 7.4%

Shares of GLW stock traded up $9.61 during trading hours on Friday, reaching $139.60. The company had a trading volume of 4,915,232 shares, compared to its average volume of 9,097,881. The business has a fifty day simple moving average of $100.80 and a 200-day simple moving average of $86.62. Corning has a 12 month low of $37.31 and a 12 month high of $140.27. The company has a market cap of $119.77 billion, a price-to-earnings ratio of 75.92, a price-to-earnings-growth ratio of 2.29 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 issued its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the firm posted $0.57 EPS. The firm’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 expect that Corning will post 2.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Avery H. Nelson III sold 6,262 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $129.79, for a total value of $812,744.98. Following the transaction, the chief operating officer directly owned 61,371 shares in the company, valued at $7,965,342.09. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Edward A. Schlesinger sold 21,104 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the transaction, the chief financial officer directly owned 54,780 shares of the company’s stock, valued at $5,727,249. The trade was a 27.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,687 shares of company stock worth $11,249,008 in the last three months. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Corning

Large investors have recently bought and sold shares of the business. Beese Fulmer Investment Management Inc. raised its position in Corning by 2.5% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker’s stock worth $336,000 after buying an additional 92 shares during the last quarter. 3Chopt Investment Partners LLC boosted its holdings in Corning by 1.0% in the 4th quarter. 3Chopt Investment Partners LLC now owns 10,248 shares of the electronics maker’s stock worth $897,000 after buying an additional 97 shares during the last quarter. Patten & Patten Inc. TN increased its position in shares of Corning by 0.6% during the fourth quarter. Patten & Patten Inc. TN now owns 17,796 shares of the electronics maker’s stock worth $1,558,000 after purchasing an additional 100 shares in the last quarter. Vermillion Wealth Management Inc. raised its holdings in Corning by 32.8% in the 4th quarter. Vermillion Wealth Management Inc. now owns 405 shares of the electronics maker’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Finally, Joel Isaacson & Co. LLC lifted its position in Corning by 0.5% during the fourth quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker’s stock worth $1,797,000 after buying an additional 102 shares in the last quarter. Hedge funds and other 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.