Corning (NYSE:GLW) Trading Down 1.1% on Analyst Downgrade

Corning Incorporated (NYSE:GLW) shares fell 1.1% on Friday 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 $163.25 and last traded at $164.2540. 10,120,481 shares were traded during mid-day trading, a decline of 11% from the average session volume of 11,323,221 shares. The stock had previously closed at $166.08.

A number of other equities research analysts have also weighed in on GLW. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. HSBC restated a “buy” rating and issued a $135.00 price objective on shares of Corning in a report on Friday, February 13th. Barclays set a $100.00 price objective on shares of Corning in a report on Thursday, January 29th. Fox Advisors lowered shares of Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Finally, Citigroup raised their price objective on shares of Corning from $120.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Corning has a consensus rating of “Moderate Buy” and a consensus target price of $136.69.

Insider Buying and Selling

In other Corning news, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Eric S. Musser sold 25,000 shares of Corning stock in a transaction on 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 completion of the transaction, the insider owned 19,926 shares in the company, valued at approximately $2,191,860. This represents a 55.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 233,201 shares of company stock valued at $32,614,558 in the last quarter. Corporate insiders own 0.25% of the company’s stock.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: GLW has surged ~15.8% over the past week, drawing momentum investors and helping support recent gains. Read More.
• Positive Sentiment: Corning was named among “Buy 5 Stocks With High ROE,” which can attract investors focused on return-on-equity screens and relative profitability. Read More.
• Positive Sentiment: Media bullishness: Jim Cramer discussed liking Corning on air, a boost to retail sentiment and short-term visibility. Read More.
• Neutral Sentiment: J.P. Morgan’s move is mixed: it cut GLW to Neutral from Overweight but raised its price target (to $175), signaling a view that upside exists but the stock no longer merits an overweight allocation. This is a nuanced datapoint—higher PT but lower conviction. Read More.
• Negative Sentiment: The downgrade prompted intraday selling pressure: analysts cited valuation concerns and JPM’s reassessment of a “blue‑sky” upside scenario, which directly weighed on the share price today. Read More.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GLW. Brighton Jones LLC increased its stake in Corning by 46.0% in the fourth 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. purchased a new stake in shares of Corning in the first quarter valued at about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Corning by 9.3% in the first 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 purchased a new stake in shares of Corning in the second quarter valued at about $401,000. Finally, Schnieders Capital Management LLC. purchased a new stake in shares of Corning in the second quarter valued at about $266,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Trading Down 1.1%

The firm has a market cap of $141.10 billion, a PE ratio of 89.27, a P/E/G ratio of 2.58 and a beta of 1.06. The company’s fifty day moving average price is $142.70 and its two-hundred day moving average price is $107.81. 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 issued its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, sell-side analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The company also recently announced 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 of this dividend was Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning’s 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.