Corning Incorporated (NYSE:GLW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Corning Incorporated (NYSE:GLW) have earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $132.0769.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Oppenheimer set a $120.00 price objective on shares of Corning in a research report on Thursday, January 29th. Barclays set a $100.00 price objective on shares of Corning in a research report on Thursday, January 29th. UBS Group boosted their price objective on shares of Corning from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, Mizuho set a $145.00 price objective on shares of Corning in a research report on Monday, February 23rd.

Insider Transactions at Corning

In other news, CFO Edward A. Schlesinger sold 21,104 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eric S. Musser sold 25,000 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the sale, the insider directly owned 19,926 shares of the company’s stock, valued at approximately $2,191,860. The trade was a 55.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 233,201 shares of company stock valued at $32,614,558. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Corning

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Berbice Capital Management LLC purchased a new position in Corning during the 4th quarter worth approximately $26,000. Basepoint Wealth LLC purchased a new position in Corning during the 4th quarter worth approximately $26,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Corning during the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. purchased a new position in Corning during the 4th quarter worth approximately $27,000. Finally, Strengthening Families & Communities LLC purchased a new position in Corning during the 3rd quarter worth approximately $27,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Price Performance

Corning stock opened at $146.26 on Tuesday. The company has a market cap of $125.64 billion, a price-to-earnings ratio of 79.49, a PEG ratio of 2.33 and a beta of 1.06. The firm’s fifty day moving average is $132.45 and its 200 day moving average is $102.69. 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 has a 52-week low of $37.31 and a 52-week high of $162.10.

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, beating analysts’ consensus estimates of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the business posted $0.57 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Sell-side analysts forecast that Corning will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were issued a $0.28 dividend. The ex-dividend date was Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. Corning’s dividend payout ratio is presently 60.87%.

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.