Corning (NYSE:GLW) Stock Price Up 4.5% - Here's What Happened

Key Points

• Shares of Corning jumped 4.5% to about $128.84 on Monday with volume ~43% above average, amid analyst activity including Citigroup lifting its price target to $170 and a MarketBeat consensus rating of "Moderate Buy" (consensus target $125.42).
• Corning slightly beat Q4 estimates with $0.72 EPS and $4.41 billion in revenue (up 13.9% YoY), provided Q1 2026 EPS guidance of $0.660–0.700, and announced a quarterly dividend of $0.28 (annualized yield ~0.9%).

Shares of Corning Incorporated (NYSE:GLW - Get Free Report) traded up 4.5% during trading on Monday . The company traded as high as $129.61 and last traded at $128.8360. 15,689,410 shares traded hands during trading, an increase of 43% from the average session volume of 10,966,553 shares. The stock had previously closed at $123.29.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GLW. Zacks Research cut Corning from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 21st. Citigroup increased their price objective on Corning from $120.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, February 25th. Weiss Ratings raised Corning from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. upped their price objective on shares of Corning from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, January 28th. Finally, HSBC reissued a "buy" rating and issued a $135.00 price objective on shares of Corning in a report on Friday, February 13th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Corning presently has an average rating of "Moderate Buy" and a consensus target price of $125.42.

Corning Stock Up 4.5%

The company has a market capitalization of $110.53 billion, a PE ratio of 70.02, a P/E/G ratio of 2.13 and a beta of 1.04. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm has a 50 day simple moving average of $113.50 and a two-hundred day simple moving average of $93.20.

Corning (NYSE:GLW - Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $4.41 billion during 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 company's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Research analysts expect that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a $0.28 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.9%. 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 Corning stock in a transaction that occurred 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 sale, the chief operating officer directly owned 59,788 shares in the company, valued at $7,697,107.12. The trade was a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Wendell P. Weeks sold 137,514 shares of the company's 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 transaction, the chief executive officer directly owned 750,585 shares in the company, valued at $116,618,391.45. This represents a 15.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 233,201 shares of company stock worth $32,614,558 in the last three months. Company insiders own 0.32% of the company's stock.

Institutional Investors Weigh In On Corning

Several institutional investors have recently made changes to their positions in GLW. Corient Private Wealth LLC boosted its stake in shares of Corning by 18.5% during the 4th quarter. Corient Private Wealth LLC now owns 286,225 shares of the electronics maker's stock worth $25,071,000 after acquiring an additional 44,739 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Corning by 0.5% in the 4th quarter. Hsbc Holdings PLC now owns 1,647,264 shares of the electronics maker's stock worth $144,527,000 after acquiring an additional 8,654 shares during the period. Bayban purchased a new position in Corning in the 4th quarter valued at approximately $52,000. Rehmann Capital Advisory Group raised its holdings in Corning by 6.1% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,403 shares of the electronics maker's stock worth $298,000 after purchasing an additional 195 shares during the last quarter. Finally, SHP Wealth Management acquired a new position in Corning during the fourth quarter worth $109,000. 69.80% of the stock is currently owned by hedge funds and other 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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