Corning (NYSE:GLW) Given New $140.00 Price Target at Morgan Stanley

Corning (NYSE:GLW) had its price target upped by Morgan Stanley from $127.00 to $140.00 in a research note issued to investors on Monday, Marketbeat.com reports. Morgan Stanley currently has an equal weight rating on the electronics maker’s stock.

Other analysts have also recently issued research reports about the stock. Barclays set a $100.00 price objective on shares of Corning in a research note on Thursday, January 29th. HSBC reiterated a “buy” rating and issued a $135.00 price objective on shares of Corning in a research note on Friday, February 13th. Wolfe Research set a $130.00 price objective on shares of Corning and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Truist Financial started coverage on shares of Corning in a research note on Tuesday, March 31st. They issued a “hold” rating and a $125.00 price objective for the company. Finally, Susquehanna lifted their price objective on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.08.

Corning Stock Performance

NYSE GLW opened at $165.19 on Monday. The firm has a 50-day moving average of $143.38 and a 200-day moving average of $108.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The stock has a market cap of $141.90 billion, a PE ratio of 89.78, a P/E/G ratio of 2.55 and a beta of 1.06. Corning has a 52-week low of $40.16 and a 52-week high of $176.75.

Corning (NYSE:GLW) last posted its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The company 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 quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, sell-side analysts anticipate that Corning will post 3.14 EPS for the current year.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, February 27th were issued a dividend of $0.28 per share. 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 60.87%.

Insider Activity at Corning

In related news, EVP Lewis A. Steverson sold 15,366 shares of Corning stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the sale, the executive vice president directly owned 3,461 shares of the company’s stock, valued at approximately $450,691.42. The trade was a 81.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John Z. Zhang sold 1,531 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $133.75, for a total transaction of $204,771.25. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 233,201 shares of company stock worth $32,614,558 in the last ninety days. Insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On Corning

Institutional investors have recently added to or reduced their stakes in the business. Berbice Capital Management LLC bought a new stake in Corning during the 4th quarter worth approximately $26,000. Basepoint Wealth LLC bought a new stake in Corning during the 4th quarter worth approximately $26,000. MBM Wealth Consultants LLC bought a new stake in Corning during the 1st quarter worth approximately $42,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Corning during the 3rd quarter worth approximately $25,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Corning during the 4th quarter worth approximately $27,000. 69.80% of the stock is owned by institutional investors.

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.