Corning Incorporated (NYSE:GLW) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• "Moderate Buy" consensus from 16 analysts (10 buys, 5 holds, 1 strong buy) with an average 1‑year price target of $150.31.
• Q1 beat: Corning reported $0.70 EPS vs. $0.69 expected and $4.35B revenue vs. $4.30B, set Q2 EPS guidance of $0.73–$0.77, and is seeing accelerating demand from AI/data‑center optics, 5G and fiber expansion.
• Insider selling and valuation context: insiders sold 212,053 shares (~$30.4M) in the last 90 days while the stock trades near $158 with a PE of ~75.7 and a modest quarterly dividend of $0.28 (0.7% yield, ~60.9% payout ratio).

Shares of Corning Incorporated (NYSE:GLW - Get Free Report) have earned a consensus rating of "Moderate Buy" from the sixteen analysts that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $150.3077.

Several analysts have recently weighed in on GLW shares. Fox Advisors downgraded shares of Corning from an "overweight" rating to an "equal weight" rating in a report on Thursday, January 29th. Weiss Ratings upgraded shares of Corning from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, February 17th. Wall Street Zen upgraded shares of Corning from a "hold" rating to a "buy" rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. downgraded shares of Corning from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $115.00 to $175.00 in a report on Thursday, April 16th. Finally, Morgan Stanley lifted their price target on shares of Corning from $127.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday, April 20th.

Corning Price Performance

Corning stock opened at $158.12 on Friday. Corning has a 52-week low of $44.33 and a 52-week high of $179.08. The company's 50 day moving average is $148.66 and its two-hundred day moving average is $112.83. The company has a quick ratio of 1.04, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The firm has a market cap of $135.84 billion, a PE ratio of 75.66, a price-to-earnings-growth ratio of 2.34 and a beta of 1.14.

Corning (NYSE:GLW - Get Free Report) last posted its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. The company's revenue was up 18.1% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, research analysts expect that Corning will post 3.17 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, May 29th. Corning's payout ratio is presently 60.87%.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Q1 results and AI tailwinds: Corning reported stronger-than-expected Q1 core sales with accelerating demand from AI/data‑center optics, which underpins the stock’s large rally and longer-term upside from 5G and fiber expansion. Trefis: Is Corning Stock A Buy At 50 Times Earnings?
• Positive Sentiment: Sector/momentum bullishness: Analysts and screens (Zacks) highlight Corning as a momentum/communication‑components play to tap booming AI, 5G and fiber demand, supporting renewed investor interest. Zacks: Buy 2 Communication Component Stocks
• Neutral Sentiment: Dividend maintained: Board declared a quarterly dividend of $0.28 per share (payable June 29, record May 29). The yield is modest but supports income investors. Yahoo Finance: Corning Announces Quarterly Dividend
• Neutral Sentiment: Market context: MarketBeat and other commentary flag Corning as an AI beneficiary but note a technical pullback after a steep run; some view today’s decline as a potentially buyable dip if AI demand persists. MarketBeat Week in Review
• Negative Sentiment: Analyst caution: Truist trimmed its stance to a Hold, signaling less near‑term conviction and adding pressure after a large multi‑month gain. Globe and Mail: Corning Receives a Hold from Truist
• Negative Sentiment: High‑profile criticism and profit‑taking: Jim Cramer characterized Corning’s move as an “Icarus moment,” and media pieces note the story “getting more complicated,” prompting selling after a roughly 250% one‑year rally. Yahoo: Jim Cramer on Corning TheStreet: Corning stock falls

Insider Transactions at Corning

In other news, insider Eric S. Musser sold 15,000 shares of the company's stock in a transaction dated Monday, February 9th. The shares were 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 in the company, valued at approximately $641,611.50. This represents a 75.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Avery H. Nelson III sold 1,583 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $128.74, for a total transaction of $203,795.42. Following the completion of the transaction, the chief operating officer owned 59,788 shares of the company's stock, valued at $7,697,107.12. This represents a 2.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 212,053 shares of company stock valued at $30,403,630 over the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Corning

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Corning during the third quarter valued at about $25,000. Berbice Capital Management LLC acquired a new position in Corning in the fourth quarter worth approximately $26,000. Basepoint Wealth LLC bought a new position in Corning during the fourth quarter valued at approximately $26,000. Strengthening Families & Communities LLC bought a new position in Corning during the third quarter valued at approximately $27,000. Finally, Kemnay Advisory Services Inc. bought a new position in Corning during the fourth quarter valued at approximately $27,000. 69.80% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.