Corning (NYSE:GLW) Stock Price Down 2.5% Following Insider Selling

Corning Incorporated (NYSE:GLW)’s stock price traded down 2.5% on Tuesday following insider selling activity. The stock traded as low as $127.79 and last traded at $128.14. 12,695,176 shares changed hands during trading, an increase of 41% from the average session volume of 8,981,712 shares. The stock had previously closed at $131.39.

Specifically, insider Eric S. Musser sold 15,000 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $130.25, for a total value of $1,953,750.00. Following the transaction, the insider directly owned 4,926 shares in the company, valued at $641,611.50. This trade represents a 75.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Li Fang sold 9,797 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total value of $1,112,057.47. The SEC filing for this sale provides additional information.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GLW shares. Citigroup boosted their target price on Corning from $102.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Argus upped their target price on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Oppenheimer set a $120.00 target price on shares of Corning in a report on Thursday, January 29th. JPMorgan Chase & Co. boosted their price target on shares of Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Finally, Barclays set a $100.00 price objective on shares of Corning in a research report on Thursday, January 29th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Corning currently has an average rating of “Moderate Buy” and a consensus target price of $112.36.

Corning Trading Down 2.5%

The firm has a market capitalization of $109.86 billion, a price-to-earnings ratio of 69.64, a price-to-earnings-growth ratio of 2.28 and a beta of 1.13. The business’s fifty day moving average is $94.81 and its 200 day moving average is $83.49. 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) last released its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company’s 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 analysts predict that Corning Incorporated will post 2.33 earnings per share for the current year.

Institutional Investors Weigh In On Corning

Institutional investors have recently bought and sold shares of the company. Beese Fulmer Investment Management Inc. lifted its position in shares of Corning by 2.5% in the fourth 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 in the last quarter. 3Chopt Investment Partners LLC increased its stake in 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 increased its stake in Corning by 0.6% in the 4th 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 during the last quarter. Joel Isaacson & Co. LLC lifted its position in Corning by 0.5% during the 4th quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker’s stock worth $1,797,000 after buying an additional 102 shares in the last quarter. Finally, CVA Family Office LLC lifted its position in Corning by 10.3% during the 3rd quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock worth $98,000 after buying an additional 111 shares in the last quarter. Institutional investors own 69.80% of the company’s stock.

About Corning

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.