Corning (NYSE:GLW) Shares Up 2.2% Following Analyst Upgrade

Corning Incorporated (NYSE:GLW)’s share price traded up 2.2% on Friday after Barclays raised their price target on the stock from $149.00 to $180.00. Barclays currently has an equal weight rating on the stock. Corning traded as high as $198.25 and last traded at $186.4650. 20,439,800 shares were traded during trading, an increase of 75% from the average session volume of 11,654,076 shares. The stock had previously closed at $182.40.

Several other research firms have also commented on GLW. Morgan Stanley upped their price objective on Corning from $127.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. boosted their price objective on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday. Wolfe Research set a $130.00 price target on shares of Corning and gave the company an “outperform” rating in a report on Tuesday, January 27th. Susquehanna increased their price objective on shares of Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Finally, HSBC restated a “buy” rating and set a $135.00 target price on shares of Corning in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $172.15.

Insider Buying and Selling at Corning

In related news, CEO Wendell P. Weeks sold 137,514 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at approximately $116,618,391.45. This trade represents a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John Z. Zhang sold 1,531 shares of Corning stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total transaction of $204,771.25. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 177,256 shares of company stock worth $26,541,572. Insiders own 0.25% of the company’s stock.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Nvidia is funding Corning’s plant construction and taking an equity stake, signaling a long-term strategic partnership that could materially grow Corning’s AI-related manufacturing business. Nvidia funds construction of Corning plants, in addition to equity investment
• Positive Sentiment: Analysts have been raising price targets and keeping generally constructive ratings, with Citi, Oppenheimer, and others citing stronger growth prospects after Corning’s recent results and the Nvidia deal. Analysts Have Conflicting Sentiments on These Technology Companies: Coherent Corp (COHR), Corning (GLW) and Fortinet (FTNT)
• Neutral Sentiment: Corning is also drawing attention from media and commentators, including a Closing Bell appearance and bullish commentary from Jim Cramer, which may support sentiment but does not change fundamentals by itself. Corning Incorporated to ring the NYSE Closing Bell® on Thursday
• Neutral Sentiment: Some articles warn the stock may be getting extended after a huge one-year run, suggesting valuation risk could limit upside if AI enthusiasm cools. Is Corning (GLW) Getting Ahead Of Itself After A 311% One Year Surge?
• Negative Sentiment: JPMorgan’s relatively cautious view and neutral rating suggest some analysts still see limited near-term upside after the rally, even with the higher target. Corning price target raised by JPMorgan Chase & Co.

Institutional Investors Weigh In On Corning

Hedge funds have recently made changes to their positions in the company. Beirne Wealth Consulting Services LLC raised its holdings in shares of Corning by 0.8% during the 1st quarter. Beirne Wealth Consulting Services LLC now owns 8,045 shares of the electronics maker’s stock worth $1,094,000 after acquiring an additional 64 shares in the last quarter. Balefire LLC increased its position in Corning by 0.7% in the first quarter. Balefire LLC now owns 9,595 shares of the electronics maker’s stock worth $1,305,000 after purchasing an additional 65 shares during the last quarter. Millstone Evans Group LLC increased its position in Corning by 1.3% in the first quarter. Millstone Evans Group LLC now owns 5,393 shares of the electronics maker’s stock worth $733,000 after purchasing an additional 67 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Corning by 1.6% during the first quarter. Geneos Wealth Management Inc. now owns 4,585 shares of the electronics maker’s stock valued at $623,000 after purchasing an additional 70 shares in the last quarter. Finally, Caldwell Trust Co lifted its position in Corning by 0.5% during the first quarter. Caldwell Trust Co now owns 15,893 shares of the electronics maker’s stock valued at $2,161,000 after purchasing an additional 74 shares during the last quarter. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Stock Up 2.2%

The firm has a market cap of $160.48 billion, a P/E ratio of 89.22, a price-to-earnings-growth ratio of 2.59 and a beta of 1.14. The company’s 50-day simple moving average is $150.46 and its 200 day simple moving average is $115.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the company earned $0.54 EPS. The business’s revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Research analysts anticipate that Corning Incorporated will post 3.17 EPS for the current fiscal year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. Corning’s dividend payout ratio is 53.59%.

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.