Corning (NYSE:GLW) Trading Up 2.2% - Here's Why

Key Points

• Shares rose 2.2% to about $174.93 on Monday with roughly 7.17 million shares traded, a 37% decline versus average daily volume.
• Analysts have a consensus rating of “Moderate Buy” with an average price target of $132.08, despite the stock trading well above that level (11 Buys, 5 Holds).
• Corning beat expectations last quarter with $0.72 EPS vs. $0.71 and revenue of $4.41 billion (up 13.9% year-over-year), issued Q1 2026 EPS guidance of 0.660–0.700, and pays a $0.28 quarterly dividend (≈0.6% yield).

Corning Incorporated (NYSE:GLW - Get Free Report) shares were up 2.2% on Monday . The stock traded as high as $175.61 and last traded at $174.9340. Approximately 7,168,958 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 11,379,582 shares. The stock had previously closed at $171.24.

Analysts Set New Price Targets

Several research analysts recently weighed in on GLW shares. Wolfe Research set a $130.00 target price on Corning and gave the stock an "outperform" rating in a research report on Tuesday, January 27th. JPMorgan Chase & Co. increased their target price on Corning from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 28th. Fox Advisors lowered Corning from an "overweight" rating to an "equal weight" rating in a research report on Thursday, January 29th. Weiss Ratings raised Corning from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, February 17th. Finally, Truist Financial began coverage on Corning in a research report on Tuesday, March 31st. They issued a "hold" rating and a $125.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Corning presently has an average rating of "Moderate Buy" and an average target price of $132.08.

Corning Stock Up 2.2%

The firm has a 50-day simple moving average of $137.13 and a 200 day simple moving average of $105.05. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The company has a market capitalization of $150.27 billion, a PE ratio of 95.07, a price-to-earnings-growth ratio of 2.69 and a beta of 1.06.

Corning (NYSE:GLW - Get Free Report) 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. On average, research analysts predict that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.12 annualized dividend and a yield of 0.6%. Corning's dividend payout ratio (DPR) is 60.87%.

Insider Buying and Selling

In other news, CFO Edward A. Schlesinger sold 21,104 shares of the firm's stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the completion of the sale, the chief financial officer directly owned 54,780 shares in the company, valued at $5,727,249. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eric S. Musser sold 25,000 shares of the firm's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $110.00, for a total value of $2,750,000.00. Following the sale, the insider owned 19,926 shares of the company's stock, valued at $2,191,860. This represents a 55.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 233,201 shares of company stock valued at $32,614,558 over the last ninety days. Insiders own 0.25% of the company's stock.

Institutional Trading of Corning

Several large investors have recently modified their holdings of GLW. Brighton Jones LLC grew its stake in shares of Corning by 46.0% during the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock valued at $319,000 after acquiring an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in shares of Corning during the first quarter valued at about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Corning by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker's stock valued at $2,962,000 after acquiring an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Corning during the second quarter valued at about $401,000. Finally, Schnieders Capital Management LLC. acquired a new stake in shares of Corning during the second quarter valued at about $266,000. 69.80% of the stock is currently 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.

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