Corning (NYSE:GLW) Stock Price Down 6.6% - Should You Sell?

Key Points

• Corning shares were down 6.6% intraday, trading as low as $141.40 and last at $147.40 on volume of 14.78 million shares (about 41% above average) after closing the prior session at $157.86.
• Wall Street's consensus is a Moderate Buy with an average price target of $125.42—below the current price—and analyst targets range roughly from $100 to $145, including recent downgrades.
• The company slightly beat Q4 estimates (EPS $0.72 vs. $0.71) with revenue up 13.9% and Q1 guidance of $0.66–$0.70 EPS, but valuation is elevated (PE 80.11) and insiders sold roughly 233,201 shares last quarter, including the CEO's ~$21.4M sale.

Corning Incorporated (NYSE:GLW - Get Free Report) shares traded down 6.6% during mid-day trading on Tuesday . The company traded as low as $141.40 and last traded at $147.40. 14,776,074 shares were traded during trading, an increase of 41% from the average session volume of 10,491,008 shares. The stock had previously closed at $157.86.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Oppenheimer set a $120.00 price target on shares of Corning in a research report on Thursday, January 29th. Fox Advisors lowered shares of Corning from an "overweight" rating to an "equal weight" rating in a research note on Thursday, January 29th. Barclays set a $100.00 target price on shares of Corning in a research report on Thursday, January 29th. Mizuho set a $145.00 target price on Corning in a report on Monday, February 23rd. Finally, HSBC reaffirmed a "buy" rating and set a $135.00 price target on shares of Corning in a research report on Friday, February 13th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $125.42.

Corning Trading Down 6.6%

The firm has a 50 day moving average of $109.66 and a 200 day moving average of $91.16. The firm has a market cap of $126.46 billion, a PE ratio of 80.11, a P/E/G ratio of 2.60 and a beta of 1.04. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. The firm had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The firm also recently announced 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 is Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Corning's dividend payout ratio (DPR) is presently 60.87%.

Insider Buying and Selling

In related news, COO Avery H. Nelson III sold 1,583 shares of the company's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $128.74, for a total transaction of $203,795.42. Following the sale, the chief operating officer directly owned 59,788 shares in the company, valued at approximately $7,697,107.12. This represents a 2.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Wendell P. Weeks sold 137,514 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total value of $21,365,550.18. Following the sale, the chief executive officer owned 750,585 shares in the company, valued at approximately $116,618,391.45. This represents a 15.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 233,201 shares of company stock valued at $32,614,558. Corporate insiders own 0.32% of the company's stock.

Institutional Investors Weigh In On Corning

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Research Global Investors purchased a new stake in Corning in the 3rd quarter worth approximately $907,164,000. Norges Bank bought a new stake in Corning during the fourth quarter valued at $921,435,000. WCM Investment Management LLC purchased a new position in Corning during the third quarter worth about $676,931,000. Wellington Management Group LLP increased its stake in Corning by 30.3% in the 3rd quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker's stock worth $1,358,211,000 after acquiring an additional 3,848,540 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Corning by 748.0% in the 3rd quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker's stock valued at $260,014,000 after acquiring an additional 2,795,948 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors.

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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