Corning Incorporated (NYSE:GLW - Get Free Report) COO Avery Nelson III sold 6,262 shares of the company's stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $129.79, for a total transaction of $812,744.98. Following the completion of the sale, the chief operating officer directly owned 61,371 shares of the company's stock, valued at $7,965,342.09. The trade was a 9.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Corning Trading Up 3.8%
Shares of NYSE GLW opened at $133.03 on Thursday. The company's fifty day moving average is $95.80 and its 200-day moving average is $83.83. The stock has a market cap of $114.06 billion, a price-to-earnings ratio of 72.30, a P/E/G ratio of 2.22 and a beta of 1.13. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $134.39. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62.
Corning (NYSE:GLW - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 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 net margin of 10.21% and a return on equity of 18.72%. The firm's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts predict that Corning Incorporated will post 2.33 EPS for the current year.
Corning Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. Corning's dividend payout ratio (DPR) is currently 60.87%.
Institutional Trading of Corning
A number of institutional investors have recently made changes to their positions in the business. Brighton Jones LLC increased its stake in Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock valued at $319,000 after buying an additional 2,114 shares during the last quarter. Retirement Planning Co of New England Inc. bought a new position in shares of Corning in the 1st quarter valued at about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Corning by 9.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker's stock valued at $2,962,000 after acquiring an additional 5,522 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Corning during the second quarter worth about $401,000. Finally, Fifth Third Wealth Advisors LLC raised its holdings in Corning by 24.9% during the second quarter. Fifth Third Wealth Advisors LLC now owns 6,285 shares of the electronics maker's stock worth $331,000 after acquiring an additional 1,251 shares in 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: Corning reported strong 2025 results and disclosed a roughly $6 billion Meta AI fiber deal that directly boosts demand for its optical fiber and cable business — the headline driver behind the rally. The earnings release also showed revenue growth and an EPS beat that supports the upside. Read More.
- Positive Sentiment: The Board declared a quarterly dividend of $0.28 per share (payable Mar 30; record Feb 27), which reinforces shareholder returns as the company scales sales into AI/telecom projects. Read More.
- Positive Sentiment: Market commentary highlights Corning’s “AI moment,” with inflows into funds owning GLW as investors reposition toward AI infrastructure beneficiaries. This momentum helps amplify the stock reaction to the Meta deal and earnings. Read More.
- Neutral Sentiment: Analysts have been raising targets and reiterating buy/outperform views after results (Mizuho, JPMorgan upgrades noted), but consensus price targets still vary; the stock’s valuation sits well above historical norms, reflecting future-growth expectations. Read More.
- Negative Sentiment: Multiple insiders (COO Avery Nelson III, EVP Lewis Steverson and Eric Musser) sold shares in early February. Large insider sales can be perceived negatively even if they’re routine or for diversification/liquidity. SEC filings: Nelson. Read More.
- Negative Sentiment: Steverson’s significant reduction in holdings was disclosed and may be noted by short-term traders. SEC filing: Steverson. Read More.
- Negative Sentiment: Eric Musser sold 15,000 shares; another insider sale that could draw attention despite the stronger company fundamentals. SEC filing: Musser. Read More.
Analyst Ratings Changes
Several analysts have commented on the stock. Wall Street Zen upgraded shares of Corning from a "hold" rating to a "buy" rating in a report on Friday, January 23rd. Oppenheimer set a $120.00 price target on shares of Corning in a 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. Zacks Research cut shares of Corning from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 21st. Finally, Argus upped their target price on shares of Corning from $68.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.36.
Read Our Latest Research Report on GLW
Corning Company Profile
(
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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