Corning Incorporated (NYSE:GLW - Get Free Report) SVP Li Fang sold 9,797 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total transaction of $1,112,057.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Corning Trading Up 2.7%
Shares of Corning stock opened at $112.70 on Friday. The firm's 50 day simple moving average is $92.19 and its two-hundred day simple moving average is $81.58. The firm has a market capitalization of $96.62 billion, a price-to-earnings ratio of 61.25, a PEG ratio of 1.90 and a beta of 1.13. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $117.30. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62.
Corning (NYSE:GLW - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. The company 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 was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Analysts predict that Corning Incorporated will post 2.33 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on GLW. Fox Advisors lowered Corning from an "overweight" rating to an "equal weight" rating in a research note on Thursday, January 29th. Argus lifted their price target on Corning from $68.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, October 29th. Oppenheimer set a $120.00 price objective on Corning in a research report on Thursday, January 29th. Weiss Ratings lowered shares of Corning from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, January 27th. Finally, Morgan Stanley raised their price target on shares of Corning from $98.00 to $103.00 and gave the company an "equal weight" rating in a research report on Thursday, January 29th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Corning currently has an average rating of "Moderate Buy" and an average target price of $112.36.
View Our Latest Report on Corning
Hedge Funds Weigh In On Corning
Large investors have recently added to or reduced their stakes in the stock. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Corning during the 3rd quarter worth about $25,000. REAP Financial Group LLC increased its stake in Corning by 191.5% during the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker's stock worth $27,000 after buying an additional 339 shares in the last quarter. Strengthening Families & Communities LLC acquired a new position in shares of Corning during the third quarter valued at approximately $27,000. Total Investment Management Inc. purchased a new position in shares of Corning in the second quarter valued at approximately $28,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of Corning by 58.5% in the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker's stock valued at $30,000 after acquiring an additional 124 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.
About Corning
(
Get Free Report)
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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