Corning (NYSE:GLW) Lowered to “Neutral” Rating by JPMorgan Chase & Co.

Corning (NYSE:GLW) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Thursday, MarketBeat.com reports. They presently have a $175.00 target price on the electronics maker’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 4.09% from the company’s current price.

Several other analysts also recently commented on GLW. Truist Financial began coverage on shares of Corning in a report on Tuesday, March 31st. They set a “hold” rating and a $125.00 target price on the stock. UBS Group increased their price objective on shares of Corning from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Citigroup boosted their target price on shares of Corning from $120.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Susquehanna raised their price target on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings upgraded shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.69.

Corning Stock Down 2.7%

Shares of GLW opened at $168.13 on Thursday. The business’s 50 day simple moving average is $140.79 and its 200-day simple moving average is $106.82. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. Corning has a one year low of $40.16 and a one year high of $176.75. The company has a market capitalization of $144.43 billion, a P/E ratio of 91.38, a PEG ratio of 2.71 and a beta of 1.06.

Corning (NYSE:GLW) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, sell-side analysts predict that Corning will post 2.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Wendell P. Weeks sold 137,514 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the sale, the chief executive officer owned 750,585 shares of the company’s stock, valued at approximately $116,618,391.45. This represents a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eric S. Musser sold 25,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,191,860. This trade represents a 55.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 233,201 shares of company stock worth $32,614,558. 0.25% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GLW. Berbice Capital Management LLC purchased a new stake in shares of Corning in the 4th quarter worth approximately $26,000. Basepoint Wealth LLC bought a new stake in Corning in the 4th quarter worth about $26,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Corning in the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new position in Corning in the fourth quarter valued at about $27,000. Finally, Strengthening Families & Communities LLC bought a new position in Corning in the third quarter valued at about $27,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Company Profile

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.