Key Points
- CEO Wendell Weeks sold 137,514 shares on Feb. 26 at an average $155.37 for about $21.4M, cutting his holding by ~15.5% to 750,585 shares (worth roughly $116.6M), according to the SEC filing.
- Recent results and guidance beat expectations: Corning reported Q4 EPS $0.72 (vs. $0.71 est.) and revenue $4.41B (vs. $4.35B), with revenue up 13.9% year‑over‑year and Q1 2026 EPS guidance of $0.66–$0.70.
- Stock is trading near its 12‑month high (high $162.10) with a ~$129B market cap and a rich P/E (~81.7); analyst upgrades and higher targets (e.g., Citigroup $170) have lifted sentiment to a consensus "Moderate Buy."
Corning Incorporated (NYSE:GLW - Get Free Report) CEO Wendell Weeks sold 137,514 shares of the firm's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $155.37, for a total value of $21,365,550.18. Following the sale, the chief executive officer owned 750,585 shares in the company, valued at $116,618,391.45. The trade was a 15.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Corning Price Performance
GLW opened at $150.31 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $128.96 billion, a P/E ratio of 81.69, a PEG ratio of 2.60 and a beta of 1.13. The stock has a 50-day moving average price of $108.27 and a 200-day moving average price of $90.17. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $162.10.
Corning (NYSE:GLW - Get Free Report) last released its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share 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 the consensus estimate of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.Corning's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities analysts predict that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.
Corning Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be paid a $0.28 dividend. 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 0.7%. Corning's dividend payout ratio is 60.87%.
Institutional Investors Weigh In On Corning
A number of large investors have recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in Corning by 46.0% in the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock valued at $319,000 after acquiring an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. purchased a new stake in shares of Corning in the 1st quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Corning by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker's stock worth $2,962,000 after purchasing an additional 5,522 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Corning during the 2nd quarter valued at about $401,000. Finally, Schnieders Capital Management LLC. purchased a new position in shares of Corning during the second quarter valued at about $266,000. 69.80% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
GLW has been the topic of a number of recent research reports. Fox Advisors cut Corning from an "overweight" rating to an "equal weight" rating in a research note on Thursday, January 29th. Mizuho set a $145.00 target price on Corning in a report on Monday. Oppenheimer set a $120.00 price target on Corning in a research report on Thursday, January 29th. Zacks Research downgraded Corning from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 21st. Finally, Wolfe Research set a $130.00 target price on shares of Corning and gave the stock an "outperform" rating in a research note on Tuesday, January 27th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Corning presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.42.
View Our Latest Analysis on GLW
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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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