Key Points
- COO Avery Nelson III sold 1,583 shares at an average of $128.74 on Feb. 11, reducing his stake by 2.58% to 59,788 shares (≈$7.7M); his and other senior insider sales have contributed to near‑term selling pressure.
- Corning beat quarterly expectations with $0.72 EPS vs. $0.71 and $4.41B revenue (up 13.9% YoY) and set Q1 2026 guidance of $0.660–0.700 per share.
- A roughly $6 billion Meta AI fiber contract and subsequent analyst upgrades fueled a stock rally, though the shares now price in elevated growth expectations (consensus: Moderate Buy; P/E ≈71.5).
Corning Incorporated (NYSE:GLW - Get Free Report) COO Avery Nelson III sold 1,583 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total value of $203,795.42. Following the transaction, the chief operating officer owned 59,788 shares of the company's stock, valued at $7,697,107.12. This represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Corning Stock Down 1.0%
Shares of NYSE:GLW opened at $131.60 on Friday. The company has a market capitalization of $112.83 billion, a PE ratio of 71.52, a P/E/G ratio of 2.30 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The company's fifty day moving average is $96.72 and its 200-day moving average is $84.16. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $136.83.
Corning (NYSE:GLW - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company'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 earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts predict that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.
Corning Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, February 27th. Corning's dividend payout ratio (DPR) is presently 60.87%.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Citigroup raised their target price on shares of Corning from $102.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, January 29th. Susquehanna increased their price target on Corning from $100.00 to $125.00 and gave the stock a "positive" rating in a report on Thursday, January 29th. Barclays set a $100.00 price target on shares of Corning in a research note on Thursday, January 29th. Mizuho raised their price objective on shares of Corning from $97.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, January 29th. Finally, Wall Street Zen upgraded Corning from a "hold" rating to a "buy" rating in a research note on Friday, January 23rd. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $112.36.
Read Our Latest Research Report on GLW
Corning News Summary
Here are the key news stories impacting Corning this week:
- Positive Sentiment: Corning reported stronger-than-expected 2025 results and disclosed a roughly $6 billion Meta AI fiber contract, which materially increases near‑term demand for its optical fiber & cable business and was the main catalyst for the recent rally. Corning (GLW) Is Up 13.6% After Strong 2025 Results And $6 Billion Meta AI Fiber Deal
- Positive Sentiment: The board declared a quarterly dividend of $0.28 per share (payable Mar 30; record Feb 27), reinforcing shareholder returns as revenue ramps from AI/telecom projects. Corning Announces Quarterly Dividend
- Positive Sentiment: Market commentary notes an “AI moment” for Corning, with fund inflows into AI‑infrastructure beneficiaries boosting demand for GLW stock beyond the fundamental news. Corning Having Its AI Moment, Drawing Inflows
- Neutral Sentiment: Analysts have raised targets and issued upgrades after results (consensus remains a “Moderate Buy”), but the stock’s valuation now reflects significant growth expectations — important for investors weighing risk/reward. GLW Profile & Analyst Coverage
- Negative Sentiment: Several senior executives sold shares in early February (COO Avery Nelson III executed multiple sales totaling thousands of shares). These high‑profile Form 4 filings have triggered headlines and contributed to near‑term selling pressure. SEC filing (Nelson sale of 6,262): Nelson Form 4
- Negative Sentiment: Other insider sales include EVP Lewis Steverson (15,366 shares) and VP John Z. Zhang (1,531 shares). Multiple filings amplify concerns among short‑term traders about insider timing, even if sales are for diversification or liquidity. Steverson SEC filing: Steverson Form 4 • Zhang SEC filing: Zhang Form 4
- Negative Sentiment: Financial press highlighted the insider selling as a reason for intraday weakness and profit‑taking after the earlier surge. Corning Trading Down 2.5% After Insider Selling
Institutional Trading of Corning
Several institutional investors and hedge funds have recently bought and sold shares of GLW. Beese Fulmer Investment Management Inc. increased its position in shares of Corning by 2.5% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker's stock worth $336,000 after purchasing an additional 92 shares during the last quarter. 3Chopt Investment Partners LLC boosted its holdings in shares of Corning by 1.0% in the 4th quarter. 3Chopt Investment Partners LLC now owns 10,248 shares of the electronics maker's stock valued at $897,000 after buying an additional 97 shares during the last quarter. Patten & Patten Inc. TN grew its stake in shares of Corning by 0.6% in the fourth quarter. Patten & Patten Inc. TN now owns 17,796 shares of the electronics maker's stock valued at $1,558,000 after buying an additional 100 shares in the last quarter. Vermillion Wealth Management Inc. increased its holdings in Corning by 32.8% during the fourth quarter. Vermillion Wealth Management Inc. now owns 405 shares of the electronics maker's stock worth $36,000 after buying an additional 100 shares during the last quarter. Finally, Joel Isaacson & Co. LLC raised its position in Corning by 0.5% during the fourth quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker's stock worth $1,797,000 after acquiring an additional 102 shares in the last quarter. Institutional investors own 69.80% of the company's stock.
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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