Corning Incorporated (NYSE:GLW – Get Free Report)’s stock price rose 4.9% during trading on Wednesday . The stock traded as high as $144.70 and last traded at $142.6760. Approximately 12,182,255 shares changed hands during trading, an increase of 6% from the average daily volume of 11,442,609 shares. The stock had previously closed at $135.97.
Corning News Roundup
Here are the key news stories impacting Corning this week:
- Positive Sentiment: Jim Cramer named Corning a top pick for the AI and data‑center buildout, signaling retail/institutional interest and potentially boosting investor demand into the infrastructure theme. Jim Cramer Chooses Corning Incorporated As “The Best One” for AI and Data Center Buildout
- Positive Sentiment: Corning and Meta broke ground on a major optical‑cable manufacturing expansion in Hickory, NC — part of a multiyear agreement (reported up to ~$6B) to supply cables for AI data centers built in the U.S. This is a direct revenue/capacity catalyst and validates Corning’s role in AI infrastructure. Corning and Meta Celebrate Start of Construction on Cable Manufacturing Expansion in North Carolina to Support AI Buildout
- Neutral Sentiment: Analyses and sector write‑ups (Zacks, others) are flagging Corning as a relatively strong performer vs. tech peers and as a high‑ROE, cash‑efficient defensive name — supportive for longer‑term positioning but not an immediate catalyst. 5 Stocks With High ROE to Buy as Iran War Crisis Refuses to Abate
- Negative Sentiment: Truist initiated coverage with a “hold” rating and a $125 price target — roughly below the current trading level — which could cap upside or create selling pressure among more conservative investors. Benzinga / Truist Coverage Note
Wall Street Analyst Weigh In
GLW has been the topic of several recent research reports. Citigroup raised their price target on shares of Corning from $120.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Susquehanna raised their target price on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Barclays set a $100.00 target price on Corning in a research report on Thursday, January 29th. Oppenheimer set a $120.00 price target on Corning in a report on Thursday, January 29th. Finally, Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $132.08.
Corning Stock Up 4.9%
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 stock’s 50-day simple moving average is $128.28 and its 200-day simple moving average is $100.78. The firm has a market capitalization of $122.56 billion, a P/E ratio of 77.54, a P/E/G ratio of 2.03 and a beta of 1.05.
Corning (NYSE:GLW – Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating 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 firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the business posted $0.57 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, research analysts predict that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.
Corning Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, February 27th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, February 27th. Corning’s dividend payout ratio (DPR) is presently 60.87%.
Insider Buying and Selling at Corning
In other Corning news, COO Avery H. Nelson III sold 1,583 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total value of $203,795.42. Following the transaction, the chief operating officer owned 59,788 shares of the company’s stock, valued at approximately $7,697,107.12. The trade was a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Wendell P. Weeks sold 137,514 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total value of $21,365,550.18. Following the completion of the transaction, the chief executive officer 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 SEC filing for this sale provides additional information. Insiders sold a total of 233,201 shares of company stock valued at $32,614,558 in the last ninety days. 0.25% of the stock is owned by corporate insiders.
Institutional Trading of Corning
A number of large investors have recently added to or reduced their stakes in GLW. Berbice Capital Management LLC purchased a new position in Corning in the fourth quarter valued at about $26,000. Basepoint Wealth LLC bought a new position in shares of Corning during the 4th quarter valued at approximately $26,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Corning during the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Corning during the 4th quarter worth approximately $27,000. Finally, Strengthening Families & Communities LLC bought a new stake in shares of Corning in the 3rd quarter worth approximately $27,000. Hedge funds and other 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.
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