Corning (NYSE:GLW) CEO Wendell Weeks Sells 100,000 Shares

June 10, 2026 by InsiderTrades.com

Key Points

Corning CEO Wendell Weeks sold 100,000 shares on June 9 at an average price of $186.46, totaling about $18.65 million and reducing his holdings by 9.92%.
The company recently beat quarterly expectations, reporting EPS of $0.70 on revenue of $4.35 billion, with revenue up 18.1% year over year. Corning also guided Q2 2026 EPS at $0.73 to $0.77.
Corning announced a quarterly dividend of $0.28 per share, payable June 29, which equals an annualized yield of 0.6% and a payout ratio of 53.59%.

Corning Incorporated (NYSE:GLW - Get Free Report) CEO Wendell Weeks sold 100,000 shares of the business's stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the transaction, the chief executive officer owned 908,353 shares in the company, valued at approximately $169,371,500.38. This represents a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Corning Trading Down 7.2%

Corning Is Paving AI's Future With Glass

Shares of NYSE:GLW opened at $174.12 on Wednesday. The stock has a market capitalization of $149.86 billion, a PE ratio of 83.31, a P/E/G ratio of 2.68 and a beta of 1.15. Corning Incorporated has a 1 year low of $49.47 and a 1 year high of $211.79. The firm has a fifty day moving average price of $174.78 and a 200 day moving average price of $132.02. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. The firm had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. Corning's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Analysts expect that Corning Incorporated will post 3.19 EPS for the current fiscal year.

Corning Dividend Announcement

If the Market Rally Stalls, This ETF Can Insulate Portfolios

The firm also recently disclosed 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. The ex-dividend date is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. Corning's dividend payout ratio is currently 53.59%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Signature Equity Partners LLC raised its position in Corning by 19.3% in the first quarter. Signature Equity Partners LLC now owns 383 shares of the electronics maker's stock worth $52,000 after purchasing an additional 62 shares in the last quarter. Beirne Wealth Consulting Services LLC raised its position in Corning by 0.8% in the first quarter. Beirne Wealth Consulting Services LLC now owns 8,045 shares of the electronics maker's stock worth $1,094,000 after purchasing an additional 64 shares in the last quarter. Balefire LLC raised its position in Corning by 0.7% in the first quarter. Balefire LLC now owns 9,595 shares of the electronics maker's stock worth $1,305,000 after purchasing an additional 65 shares in the last quarter. Millstone Evans Group LLC raised its position in Corning by 1.3% in the first quarter. Millstone Evans Group LLC now owns 5,393 shares of the electronics maker's stock worth $733,000 after purchasing an additional 67 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Corning by 1.6% in the first quarter. Geneos Wealth Management Inc. now owns 4,585 shares of the electronics maker's stock worth $623,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company's stock.

Corning News Summary

MarketBeat Week in Review – 05/04 - 05/08

Here are the key news stories impacting Corning this week:

Positive Sentiment: Corning announced a multibillion-dollar, multiyear deal with Amazon to supply optical fiber, cable, and connectivity solutions for U.S. data centers, strengthening its position in AI and cloud infrastructure. Amazon, Corning sign multi-billion-dollar deal to boost fiber optics manufacturing in US
Positive Sentiment: The deal is expected to expand Corning’s North Carolina manufacturing footprint and create about 1,000 jobs, which supports longer-term production capacity and customer demand. Amazon strikes multibillion-dollar deal with Corning to power AI data centers in U.S.
Positive Sentiment: Analysts and commentators are pointing to Corning as a key beneficiary of the shift from copper to optical fiber in AI data centers, with demand from hyperscalers improving the company’s growth outlook. Corning Is Paving AI's Future With Glass
Positive Sentiment: Corning’s optical communications sales have been growing quickly, and the Amazon deal adds to a string of AI-related wins that could support margin expansion and earnings upgrades. Why Corning (GLW) Is Up 6.1% After Amazon’s Multiyear US Data Center Fiber Deal And What's Next
Neutral Sentiment: Corning CEO Wendell P. Weeks sold 100,000 shares, a routine insider sale that may raise some caution but does not necessarily change the company’s operating outlook. SEC Form 4

Analysts Set New Price Targets

GLW has been the subject of a number of recent research reports. Oppenheimer upped their price objective on shares of Corning from $120.00 to $210.00 and gave the stock an "outperform" rating in a report on Thursday, May 7th. JPMorgan Chase & Co. upped their price target on shares of Corning from $175.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. UBS Group upped their price target on shares of Corning from $223.00 to $228.00 and gave the company a "buy" rating in a report on Friday. Truist Financial upped their price target on shares of Corning from $125.00 to $149.00 and gave the company a "hold" rating in a report on Wednesday, April 29th. Finally, Susquehanna upped their price target on shares of Corning from $125.00 to $180.00 and gave the company a "positive" rating in a report on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Corning has an average rating of "Moderate Buy" and a consensus price target of $178.31.

Get Our Latest Analysis 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.