Corning (NYSE:GLW) Shares Up 3.6% – Should You Buy?

Corning Incorporated (NYSE:GLW)’s share price shot up 3.6% on Monday . The company traded as high as $82.75 and last traded at $82.35. 12,094,299 shares changed hands during trading, an increase of 91% from the average session volume of 6,340,981 shares. The stock had previously closed at $79.46.

Analysts Set New Price Targets

GLW has been the topic of several research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a report on Tuesday. UBS Group reissued a “buy” rating and set a $109.00 price target (up from $100.00) on shares of Corning in a report on Friday, November 21st. Wall Street Zen lowered Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. Barclays upped their price objective on Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Finally, Citigroup increased their target price on Corning from $93.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.64.

Corning Stock Up 0.9%

The company has a market capitalization of $71.75 billion, a PE ratio of 52.96, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15. The company’s fifty day moving average is $84.24 and its 200-day moving average is $67.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 1.56.

Corning (NYSE:GLW) last announced its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Corning had a net margin of 9.16% and a return on equity of 18.12%. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the prior year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, analysts predict that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, November 14th. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. Corning’s dividend payout ratio (DPR) is currently 70.89%.

Insider Buying and Selling

In other Corning news, SVP Stefan Becker sold 12,100 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total value of $1,104,488.00. Following the completion of the transaction, the senior vice president directly owned 5,049 shares in the company, valued at $460,872.72. This represents a 70.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Edward A. Schlesinger sold 20,893 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $91.25, for a total transaction of $1,906,486.25. Following the transaction, the chief financial officer directly owned 66,959 shares of the company’s stock, valued at $6,110,008.75. The trade was a 23.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 173,856 shares of company stock worth $15,456,476 in the last quarter. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Corning

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Corning by 1.6% during the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock worth $5,151,301,000 after purchasing an additional 1,582,895 shares in the last quarter. Davis Investment Partners LLC acquired a new position in shares of Corning during the 2nd quarter valued at $251,000. Central Pacific Bank Trust Division raised its stake in shares of Corning by 23.6% in the 2nd quarter. Central Pacific Bank Trust Division now owns 72,982 shares of the electronics maker’s stock worth $3,838,000 after buying an additional 13,920 shares in the last quarter. Motley Fool Asset Management LLC lifted its holdings in shares of Corning by 10.5% in the second quarter. Motley Fool Asset Management LLC now owns 44,037 shares of the electronics maker’s stock valued at $2,316,000 after buying an additional 4,183 shares during the period. Finally, Strs Ohio bought a new position in Corning during the first quarter valued at about $27,219,000. 69.80% of the stock is owned by institutional investors.

Corning Company Profile

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.