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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Corning, with 11 buys and five holds among 16 analysts and an average 12-month price target of approximately $174.08.
• Corning exceeded quarterly expectations, reporting $0.78 in EPS versus the $0.76 consensus and $4.74 billion in revenue, up 17.1% year over year. Management guided for third-quarter 2026 EPS of $0.85–$0.89.
• The company declared a quarterly dividend of $0.28 per share, equivalent to an annualized $1.12 and a 0.7% yield, while insiders recently sold shares and institutional investors own 69.8% of the stock.

Corning Incorporated (NYSE:GLW - Get Free Report) has been given an average rating of "Moderate Buy" by the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $174.0769.

GLW has been the subject of several recent research reports. Zacks Research cut shares of Corning from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Weiss Ratings raised Corning from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday. Mizuho decreased their price objective on Corning from $270.00 to $210.00 and set an "outperform" rating for the company in a report on Wednesday, July 29th. UBS Group reiterated a "buy" rating and set a $196.00 price target on shares of Corning in a research report on Wednesday, July 29th. Finally, Citigroup dropped their price objective on shares of Corning from $240.00 to $220.00 and set a "buy" rating on the stock in a research note on Wednesday, July 29th.

Insiders Place Their Bets

In related news, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the completion of the transaction, the senior vice president owned 94,400 shares in the company, valued at $18,138,016. The trade was a 22.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Wendell P. Weeks sold 100,000 shares of the company's stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total value of $18,646,000.00. Following the completion of the transaction, the chief executive officer directly owned 908,353 shares of the company's stock, valued at $169,371,500.38. The trade was a 9.92% decrease in their position. The SEC filing for this sale provides additional information. 0.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GLW. Brighton Jones LLC increased its holdings in Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock worth $319,000 after acquiring an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. purchased a new stake in shares of Corning during the first quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 worth $2,962,000 after purchasing an additional 5,522 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Corning in the 2nd quarter valued at about $401,000. Finally, Schnieders Capital Management LLC. purchased a new stake in Corning during the 2nd quarter worth approximately $266,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning Stock Down 0.0%

Shares of GLW stock opened at $165.65 on Monday. Corning has a fifty-two week low of $63.37 and a fifty-two week high of $271.78. The firm has a market capitalization of $142.69 billion, a PE ratio of 75.64, a P/E/G ratio of 2.12 and a beta of 1.14. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. The stock's 50-day simple moving average is $179.73 and its 200-day simple moving average is $159.52.

Corning (NYSE:GLW - Get Free Report) last released its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.02. The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The company's revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Equities analysts expect that Corning will post 3.27 earnings per share for the current year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. Corning's dividend payout ratio is 51.14%.

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.

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