Corning (NYSE:GLW) Trading Up 7.3% on Analyst Upgrade

Corning Incorporated (NYSE:GLW) was up 7.3% during mid-day trading on Friday after UBS Group raised their price target on the stock from $125.00 to $160.00. UBS Group currently has a buy rating on the stock. Corning traded as high as $140.27 and last traded at $139.5340. Approximately 10,898,697 shares were traded during trading, an increase of 17% from the average daily volume of 9,300,413 shares. The stock had previously closed at $129.99.

Several other research firms also recently issued reports on GLW. Argus boosted their price objective on shares of Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Barclays set a $100.00 target price on Corning in a research report on Thursday, January 29th. Mizuho boosted their price target on Corning from $97.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Zacks Research cut Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Corning currently has an average rating of “Moderate Buy” and an average price target of $117.17.

Insider Buying and Selling at Corning

In other Corning news, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the completion of the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at $5,727,249. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Li Fang sold 9,797 shares of Corning stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total value of $1,112,057.47. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,687 shares of company stock worth $11,249,008 over the last three months. 0.40% of the stock is currently owned by insiders.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: UBS raised its price target on GLW to $160 and maintained a “buy” rating, giving analysts’ backing to further upside and legitimizing recent gains. UBS raises price target to $160
• Positive Sentiment: Multiple outlets highlight Corning as a beneficiary of the AI infrastructure buildout — demand for fiber, optical interconnects and glass substrate technology is being re-priced into expectations for growth. Corning’s Surprise AI Boom
• Positive Sentiment: Zacks published a piece framing GLW as a strong growth stock based on style scores and momentum, feeding retail and algorithmic interest. Zacks: Here’s Why Corning (GLW) is a Strong Growth Stock
• Neutral Sentiment: Coverage and comparative pieces (e.g., Corning vs. Universal Display) are driving analyst debate about display vs. optical winners — helpful for narrative but not immediate catalysts. Corning vs. Universal Display
• Neutral Sentiment: Benzinga and other outlets note elevated options activity in GLW, which can amplify intraday moves but doesn’t change fundamentals. Options trading trends in Corning
• Negative Sentiment: Insiders sold roughly US$54M of Corning stock, a signal some investors interpret as caution and a reminder to watch insider activity and timing around big rallies. Corning Insiders Sell US$54m Of Stock

Institutional Trading of Corning

A number of hedge funds and other institutional investors have recently made changes to their positions in GLW. Mcguire Capital Advisors Inc. acquired a new position in Corning during the 4th quarter worth about $71,000. Compound Planning Inc. increased its position in Corning by 3.5% in the 4th quarter. Compound Planning Inc. now owns 9,626 shares of the electronics maker’s stock valued at $843,000 after acquiring an additional 328 shares in the last quarter. First Growth Capital LLC bought a new position in shares of Corning in the fourth quarter worth about $333,000. Corient Private Wealth LLC lifted its position in shares of Corning by 586.1% during the fourth quarter. Corient Private Wealth LLC now owns 1,656,906 shares of the electronics maker’s stock worth $145,079,000 after purchasing an additional 1,415,420 shares in the last quarter. Finally, Strive Financial Group LLC acquired a new position in shares of Corning during the fourth quarter worth approximately $62,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Price Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The firm has a market capitalization of $119.71 billion, a P/E ratio of 75.83, a PEG ratio of 2.25 and a beta of 1.13. The company’s 50 day moving average price is $101.83 and its 200 day moving average price is $87.15.

Corning (NYSE:GLW) last posted its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping the consensus estimate 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 net margin of 10.21% and a return on equity of 18.72%. Corning’s revenue was up 13.9% on a year-over-year basis. 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. As a group, sell-side analysts anticipate that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be issued a $0.28 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.12 annualized dividend and a yield of 0.8%. Corning’s dividend payout ratio (DPR) is currently 60.87%.

Corning Company Profile

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.