Corning (NYSE:GLW) Lowered to Neutral Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Corning (NYSE:GLW) from an overweight rating to a neutral rating in a research report released on Thursday morning, MarketBeat reports. The brokerage currently has $175.00 target price on the electronics maker’s stock, up from their prior target price of $115.00.

Several other equities research analysts also recently issued reports on GLW. Truist Financial began coverage on Corning in a research note on Tuesday, March 31st. They issued a “hold” rating and a $125.00 price objective for the company. Morgan Stanley increased their price objective on Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Susquehanna increased their price objective on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Barclays set a $100.00 price objective on Corning in a research note on Thursday, January 29th. Finally, Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $136.69.

Corning Stock Down 1.3%

Shares of Corning stock opened at $166.03 on Thursday. The stock has a 50-day moving average price of $141.86 and a 200 day moving average price of $107.23. The company has a market cap of $142.62 billion, a P/E ratio of 90.23, a P/E/G ratio of 2.62 and a beta of 1.06. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. Corning has a 1 year low of $40.16 and a 1 year high of $176.75.

Corning (NYSE:GLW) last announced its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) 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 the consensus estimate of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, analysts expect that Corning will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. Corning’s dividend payout ratio (DPR) is 60.87%.

Insider Activity at Corning

In other news, insider Eric S. Musser sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $130.25, for a total transaction of $1,953,750.00. Following the completion of the sale, the insider directly owned 4,926 shares of the company’s stock, 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 hyperlink. Also, EVP Lewis A. Steverson sold 15,366 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the completion of the transaction, the executive vice president directly owned 3,461 shares in the company, valued at $450,691.42. The trade was a 81.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 233,201 shares of company stock worth $32,614,558. 0.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GLW. Brighton Jones LLC raised its stake in shares of Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after acquiring an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new position in shares of Corning in the 1st quarter valued at approximately $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Corning by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock valued at $2,962,000 after acquiring an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Corning in the 2nd quarter valued at approximately $401,000. Finally, Schnieders Capital Management LLC. bought a new position in shares of Corning in the 2nd quarter valued at approximately $266,000. 69.80% of the stock is owned by institutional investors.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Jim Cramer publicly expressed support for Corning, highlighting the stock to viewers and reinforcing retail bullishness after the recent rally. Read More.
• Neutral Sentiment: Corning’s latest quarter beat EPS and revenue expectations and management set Q1 guidance (EPS 0.660–0.700), which underpins the company’s underlying fundamentals despite price swings. Read More.
• Neutral Sentiment: Sector comparisons show Corning outperforming parts of the computer & technology group year-to-date, indicating relative strength versus peers. Read More.
• Negative Sentiment: J.P. Morgan downgraded GLW from Overweight to Neutral, citing a less favorable “blue‑sky” upside scenario; the downgrade triggered selling despite a higher $175 price target, since the rating cut signals reduced conviction. Read More.
• Negative Sentiment: Market coverage (MSN pieces) attributes today’s slide largely to the JPMorgan downgrade and subsequent profit-taking after GLW’s strong run—amplified by elevated valuation metrics that make the stock more sensitive to analyst actions. Read More.

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.