Corning (NYSE:GLW) Shares Up 2.3% – What’s Next?

Corning Incorporated (NYSE:GLW) shares traded up 2.3% during mid-day trading on Monday . The stock traded as high as $135.28 and last traded at $132.1360. 9,167,803 shares changed hands during trading, a decline of 17% from the average session volume of 11,005,222 shares. The stock had previously closed at $129.12.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GLW shares. Fox Advisors cut shares of Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. UBS Group lifted their price objective on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Susquehanna boosted their price objective on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. HSBC reissued a “buy” rating and set a $135.00 target price on shares of Corning in a report on Friday, February 13th. Finally, Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Corning presently has a consensus rating of “Moderate Buy” and an average target price of $131.75.

Corning Stock Up 2.3%

The stock has a market capitalization of $113.37 billion, a price-to-earnings ratio of 71.81, a price-to-earnings-growth ratio of 2.04 and a beta of 1.04. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average is $117.74 and its two-hundred day moving average is $95.48.

Corning (NYSE:GLW) last released its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates 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 period last year, the company posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. Corning’s dividend payout ratio (DPR) is presently 60.87%.

Insider Activity at Corning

In other news, CFO Edward A. Schlesinger sold 21,104 shares of Corning stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the transaction, the chief financial officer owned 54,780 shares in the company, valued at $5,727,249. The trade was a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lewis A. Steverson sold 15,366 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the completion of the sale, the executive vice president directly owned 3,461 shares of the company’s stock, valued at $450,691.42. This represents a 81.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 233,201 shares of company stock valued at $32,614,558 in the last three months. Company insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Corning

A number of institutional investors have recently bought and sold shares of GLW. Vanguard Group Inc. grew its stake in shares of Corning by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 99,283,317 shares of the electronics maker’s stock valued at $8,693,247,000 after buying an additional 580,678 shares during the period. State Street Corp raised its position in shares of Corning by 1.2% during 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 during the period. Geode Capital Management LLC lifted its holdings in Corning by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 20,411,824 shares of the electronics maker’s stock valued at $1,781,250,000 after acquiring an additional 517,067 shares during the last quarter. Capital Research Global Investors grew its position in Corning by 52.7% in the fourth quarter. Capital Research Global Investors now owns 16,890,802 shares of the electronics maker’s stock worth $1,478,959,000 after acquiring an additional 5,831,873 shares during the period. Finally, Wellington Management Group LLP grew its position in Corning by 30.3% in 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 during the period. 69.80% of the stock is owned by hedge funds and other institutional investors.

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.