Corning (NYSE:GLW) Hits New 1-Year High After Analyst Upgrade

Shares of Corning Incorporated (NYSE:GLW) reached a new 52-week high during mid-day trading on Tuesday after Mizuho raised their price target on the stock from $190.00 to $220.00. Mizuho currently has an outperform rating on the stock. Corning traded as high as $208.92 and last traded at $206.99, with a volume of 22267371 shares changing hands. The stock had previously closed at $186.94.

GLW has been the topic of a number of other reports. Wolfe Research set a $130.00 target price on Corning and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Oppenheimer lifted their target price on Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Bank of America lifted their target price on Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. UBS Group increased their target price on shares of Corning from $179.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of Corning from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and a consensus target price of $177.92.

Insider Transactions at Corning

In other Corning news, SVP Soumya Seetharam sold 20,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the completion of the transaction, the senior vice president owned 25,570 shares in the company, valued at $5,273,301.10. This trade represents a 43.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Michaune D. Tillman sold 3,260 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $207.02, for a total transaction of $674,885.20. Following the transaction, the senior vice president owned 10,174 shares of the company’s stock, valued at $2,106,221.48. This represents a 24.27% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 170,774 shares of company stock valued at $28,148,435. Corporate insiders own 0.25% of the company’s stock.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Analysts and market coverage continue to highlight Corning as a winner from AI data-center growth, with rising demand for optical components, photonics, and expanded U.S. manufacturing capacity supporting the long-term outlook. 3 Optical Component Giants in Focus on Massive AI Data Center Growth
• Positive Sentiment: Mizuho raised its price target on Corning and kept an outperform rating, signaling continued confidence after the stock’s sharp run-up. Mizuho Issues Positive Forecast for Corning (NYSE:GLW) Stock Price
• Positive Sentiment: Additional bullish commentary has focused on Corning’s AI-related momentum, including attention to its optical connectivity platform and broader growth opportunity versus peers in connectivity. Corning vs. Nokia: Which Connectivity Stock is the Better Buy Now?
• Neutral Sentiment: Recent commentary also notes that Corning’s valuation has become richer after its strong advance, so upside may depend on execution and continued AI demand. Corning Surges 137.4% Year to Date: How to Play the Stock
• Negative Sentiment: Three Corning executives disclosed stock sales this week, which can raise caution among investors even if the sales were preplanned or routine. Corning (NYSE:GLW) SVP Sells $674,885.20 in Stock

Hedge Funds Weigh In On Corning

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLW. Brighton Jones LLC raised its holdings in Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after acquiring an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. bought a new stake in Corning during the 1st quarter valued at $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Corning by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock valued at $2,962,000 after acquiring an additional 5,522 shares during the period. Sivia Capital Partners LLC bought a new stake in Corning during the 2nd quarter valued at $401,000. Finally, Schnieders Capital Management LLC. bought a new position in Corning in the 2nd quarter worth about $266,000. Institutional investors own 69.80% of the company’s stock.

Corning Trading Up 4.3%

The firm has a 50 day simple moving average of $154.06 and a 200 day simple moving average of $118.32. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. The firm has a market cap of $177.90 billion, a P/E ratio of 98.90, a P/E/G ratio of 2.84 and a beta of 1.14.

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

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s dividend payout ratio is 53.59%.

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.