Key Points
- Corning SVP Jaymin Amin sold 27,395 shares on May 22 at an average price of $192.14, totaling about $5.26 million. After the sale, he still held 94,400 shares, and the transaction reduced his stake by 22.49%.
- Corning recently reported stronger-than-expected quarterly results, with EPS of $0.70 versus the $0.69 estimate and revenue of $4.35 billion, up 18.1% year over year. The company also guided Q2 2026 EPS to a range of $0.73 to $0.77.
- The company continues to return cash to shareholders through a quarterly dividend of $0.28 per share, payable June 29, which equates to an annualized yield of about 0.6%. Analyst sentiment remains positive overall, with a consensus rating of Moderate Buy and an average target price of $177.92.
Corning Incorporated (NYSE:GLW - Get Free Report) SVP Jaymin Amin sold 27,395 shares of the firm's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the completion of the transaction, the senior vice president owned 94,400 shares of the company's stock, valued at $18,138,016. This trade represents a 22.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Corning Stock Performance
Shares of GLW stock opened at $196.64 on Wednesday. Corning Incorporated has a 1 year low of $48.62 and a 1 year high of $211.79. The business has a fifty day moving average of $164.19 and a 200 day moving average of $124.80. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The firm has a market capitalization of $169.24 billion, a price-to-earnings ratio of 94.09, a price-to-earnings-growth ratio of 2.78 and a beta of 1.14.
Corning (NYSE:GLW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the company earned $0.54 EPS. Corning's quarterly revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, research analysts expect that Corning Incorporated will post 3.19 earnings per share for the current year.
Corning Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, May 29th. Corning's dividend payout ratio is 53.59%.
Institutional Investors Weigh In On Corning
Hedge funds and other institutional investors have recently made changes to their positions in the company. Merit Financial Group LLC grew its stake in Corning by 16.9% in the 4th quarter. Merit Financial Group LLC now owns 45,001 shares of the electronics maker's stock valued at $3,940,000 after acquiring an additional 6,493 shares during the period. Lansforsakringar Fondforvaltning AB publ grew its stake in Corning by 4.9% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker's stock valued at $21,471,000 after acquiring an additional 12,297 shares during the period. Security National Bank grew its stake in Corning by 340.4% in the 4th quarter. Security National Bank now owns 72,523 shares of the electronics maker's stock valued at $6,350,000 after acquiring an additional 56,056 shares during the period. Three Seasons Wealth LLC acquired a new stake in Corning in the 4th quarter worth about $1,750,000. Finally, Natixis Advisors LLC boosted its holdings in Corning by 32.1% in the 3rd quarter. Natixis Advisors LLC now owns 479,921 shares of the electronics maker's stock worth $39,367,000 after buying an additional 116,583 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on GLW shares. Fox Advisors downgraded shares of Corning from an "overweight" rating to an "equal weight" rating in a report on Thursday, January 29th. Morgan Stanley set a $180.00 price target on Corning in a research report on Friday, May 8th. Wolfe Research set a $130.00 price target on Corning and gave the stock an "outperform" rating in a research report on Tuesday, January 27th. Susquehanna increased their price target on Corning from $125.00 to $180.00 and gave the stock a "positive" rating in a research report on Wednesday, April 29th. Finally, Zacks Research raised Corning from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $177.92.
View Our Latest Research Report on GLW
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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