Corning (NYSE:GLW – Free Report) had its price target hoisted by Truist Financial from $125.00 to $149.00 in a research report released on Wednesday, Marketbeat.com reports. Truist Financial currently has a hold rating on the electronics maker’s stock.
A number of other equities analysts also recently issued reports on the stock. Weiss Ratings raised shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Bank of America raised their price objective on shares of Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Barclays raised their price objective on shares of Corning from $100.00 to $149.00 and gave the stock an “equal weight” rating in a report on Wednesday. Morgan Stanley raised their price objective on shares of Corning from $127.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Finally, Oppenheimer set a $120.00 price objective on shares of Corning in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $150.31.
Check Out Our Latest Analysis on Corning
Corning Stock Performance
Corning (NYSE:GLW – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.28 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities research analysts predict that Corning will post 3.15 EPS for the current year.
Corning Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.12 annualized dividend and a yield of 0.7%. Corning’s payout ratio is currently 60.87%.
Insider Buying and Selling at Corning
In other Corning news, CEO Wendell P. Weeks sold 137,514 shares of Corning stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the transaction, the chief executive officer owned 750,585 shares of the company’s stock, valued at $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric S. Musser sold 25,000 shares of Corning stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the transaction, the insider directly owned 19,926 shares in the company, valued at $2,191,860. This represents a 55.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 212,053 shares of company stock valued at $30,403,630. 0.25% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Corning
Several institutional investors and hedge funds have recently modified their holdings of GLW. Capital Research Global Investors bought a new stake in shares of Corning during the third quarter valued at approximately $907,164,000. Norges Bank bought a new stake in shares of Corning during the fourth quarter valued at approximately $921,435,000. WCM Investment Management LLC bought a new stake in shares of Corning during the third quarter valued at approximately $676,931,000. Wellington Management Group LLP raised its position in shares of Corning by 30.3% during the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after buying an additional 3,848,540 shares during the last quarter. Finally, Polar Capital Holdings Plc raised its position in shares of Corning by 141.2% during the third quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker’s stock valued at $329,035,000 after buying an additional 2,348,125 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.
Key Corning News
Here are the key news stories impacting Corning this week:
- Positive Sentiment: UBS sees Corning as more likely to achieve higher long‑term sales growth and margin gains, highlighting the company’s positioning in optics and the multi‑year “Springboard” plan. Corning Seen More Likely to Achieve Higher Sales Growth Over Long Term, UBS Says
- Positive Sentiment: Corning and Meta broke ground on a major expansion of optical cable capacity in Hickory, NC — part of a partnership valued at up to ~$6B — which supports multi‑year demand from hyperscalers. Corning (GLW), Meta (META) Break Ground on $6B Optical Cable Facility Expansion
- Positive Sentiment: Q1 results showed 18% core sales growth, strong optical (+36%) and solar (+80%) growth, and EPS ahead of consensus — evidence of robust demand from Gen AI and solar ramps. Corning Announces Strong First-Quarter 2026 Financial Results
- Positive Sentiment: Zacks upgraded GLW from Hold to Strong‑Buy, reflecting analyst optimism on the company’s growth trajectory. Zacks.com
- Neutral Sentiment: Industry recognition: a Corning executive received Graybar’s WINGS Luminary Award — positive for corporate reputation but unlikely to move near‑term stock value. Corning’s Angela Haneklau Named Inaugural Recipient of Graybar’s WINGS Luminary Award
- Neutral Sentiment: Truist raised its price target to $149 but maintained a Hold rating — a modest tweak that signals mixed near‑term expectations from some sell‑side analysts. Benzinga
- Negative Sentiment: Shares fell sharply after management’s Q2 revenue/earnings guidance came in slightly below Street expectations; traders punished the stock despite the Q1 beat. Corning Beats Q1 Estimates but Drops 9% on Guidance Miss
- Negative Sentiment: Management flagged continuing weakness in consumer electronics (non‑optical segments), which offsets the boom in data‑center demand and contributes to the cautious near‑term outlook. Corning faces consumer electronics drag even as data-center business booms
- Negative Sentiment: Some analysts and commentary call the guidance “underwhelming” versus the strong underlying trends, keeping volatility high until near‑term demand/labor or facility‑ramp details become clearer. Corning Sees Long-Term Tailwinds In Optics, Underwhelmed With Guidance
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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