Corning (NYSE:GLW) Stock Price Up 4.2% – Should You Buy?

Corning Incorporated (NYSE:GLW) shares were up 4.2% during mid-day trading on Tuesday . The stock traded as high as $152.91 and last traded at $151.3930. Approximately 14,965,649 shares changed hands during trading, an increase of 54% from the average daily volume of 9,716,989 shares. The stock had previously closed at $145.25.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wolfe Research set a $130.00 target price on shares of Corning and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Fox Advisors cut shares of Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Mizuho set a $145.00 price target on shares of Corning in a report on Monday. Barclays set a $100.00 target price on Corning in a research report on Thursday, January 29th. Finally, Morgan Stanley boosted their target price on Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a report on Monday. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.25.

Corning Trading Up 4.2%

The firm has a market capitalization of $129.89 billion, a price-to-earnings ratio of 82.28, a P/E/G ratio of 2.42 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The business has a fifty day moving average price of $102.97 and a 200 day moving average price of $88.05.

Corning (NYSE:GLW) last released 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 return on equity of 18.72% and a net margin of 10.21%.The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the company posted $0.57 earnings per share. The firm’s 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. As a group, equities analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning’s dividend payout ratio is presently 60.87%.

Insider Transactions at Corning

In related news, insider Eric S. Musser sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $130.25, for a total transaction of $1,953,750.00. Following the completion of the transaction, the insider owned 4,926 shares of the company’s stock, valued at $641,611.50. This trade represents a 75.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Avery H. Nelson III sold 1,583 shares of the firm’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 completion of the sale, the chief operating officer directly owned 59,788 shares of the company’s stock, valued at approximately $7,697,107.12. This trade represents a 2.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,687 shares of company stock valued at $11,249,008 over the last three months. 0.40% of the stock is owned by company insiders.

Institutional Trading of Corning

Several institutional investors have recently modified their holdings of GLW. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Corning during the 3rd quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new stake in shares of Corning in the 4th quarter valued at approximately $26,000. Basepoint Wealth LLC bought a new position in shares of Corning during the fourth quarter worth $26,000. Strengthening Families & Communities LLC bought a new position in shares of Corning during the 3rd quarter valued at about $27,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Corning during the fourth quarter worth $27,000. Institutional investors and hedge funds 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.