Corning (NYSE:GLW) Trading Down 1.3% After Analyst Downgrade

Corning Incorporated (NYSE:GLW) shares fell 1.3% during mid-day trading on Thursday after JPMorgan Chase & Co. downgraded the stock from an overweight rating to a neutral rating. JPMorgan Chase & Co. now has a $175.00 price target on the stock, up from their previous price target of $115.00. Corning traded as low as $158.50 and last traded at $166.0290. 12,523,065 shares were traded during mid-day trading, an increase of 11% from the average session volume of 11,331,179 shares. The stock had previously closed at $168.27.

Several other research firms have also issued reports on GLW. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Morgan Stanley lifted their price target on Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Mizuho set a $145.00 price target on Corning in a research report on Monday, February 23rd. Finally, HSBC reiterated a “buy” rating and issued a $135.00 price objective on shares of Corning in a report on Friday, February 13th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and an average target price of $136.69.

Insider Buying and Selling

In related news, insider Eric S. Musser sold 15,000 shares of Corning stock in a transaction dated 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 completion of the sale, the insider directly owned 4,926 shares in the company, valued at approximately $641,611.50. This trade represents a 75.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Wendell P. Weeks sold 137,514 shares of Corning stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $155.37, for a total value of $21,365,550.18. Following the completion of the sale, the chief executive officer owned 750,585 shares of the company’s stock, valued at $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 233,201 shares of company stock worth $32,614,558 in the last three months. 0.25% of the stock is currently owned by company insiders.

Key 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.

Institutional Investors Weigh In On Corning

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

Corning Trading Down 1.3%

The stock has a 50 day simple moving average of $141.86 and a 200-day simple moving average of $107.23. The firm has a market capitalization 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 (NYSE:GLW) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The business 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 quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities research analysts forecast 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 was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, February 27th. Corning’s payout ratio 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.