Corning (NYSE:GLW) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Corning (NYSE:GLW) from a hold rating to a buy rating in a research note issued to investors on Friday morning.

GLW has been the topic of a number of other reports. Barclays lifted their price objective on shares of Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Susquehanna lifted their price target on shares of Corning from $75.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. UBS Group restated a “buy” rating and set a $109.00 price objective (up from $100.00) on shares of Corning in a research note on Friday, November 21st. Morgan Stanley raised their price objective on Corning from $82.00 to $98.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Finally, Mizuho set a $97.00 target price on Corning in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.36.

Corning Stock Performance

GLW opened at $93.37 on Friday. The company has a market capitalization of $80.05 billion, a price-to-earnings ratio of 59.09, a P/E/G ratio of 1.65 and a beta of 1.13. The business’s 50-day moving average price is $87.63 and its two-hundred day moving average price is $78.22. Corning has a 1 year low of $37.31 and a 1 year high of $96.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.00.

Corning (NYSE:GLW) last posted its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same period last year, the company earned $0.54 earnings per share. Corning’s quarterly revenue was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Equities analysts expect that Corning will post 2.33 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Stefan Becker sold 12,100 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total value of $1,104,488.00. Following the sale, the senior vice president owned 5,049 shares in the company, valued at approximately $460,872.72. This represents a 70.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lewis A. Steverson sold 23,142 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $89.05, for a total value of $2,060,795.10. Following the sale, the executive vice president directly owned 17,575 shares of the company’s stock, valued at $1,565,053.75. This represents a 56.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 156,135 shares of company stock valued at $14,088,769 over the last 90 days. 0.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. CVA Family Office LLC boosted its holdings in shares of Corning by 10.3% during the third quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock worth $98,000 after acquiring an additional 111 shares during the period. Angeles Wealth Management LLC lifted its holdings in Corning by 2.8% during the 3rd quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker’s stock worth $348,000 after purchasing an additional 116 shares during the last quarter. Vista Investment Partners LLC boosted its stake in Corning by 1.3% in the 3rd quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock valued at $779,000 after purchasing an additional 119 shares during the period. Sapient Capital LLC grew its holdings in Corning by 2.2% in the 3rd quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock valued at $452,000 after buying an additional 120 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its position in Corning by 1.6% during the 3rd quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock worth $635,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 69.80% of the company’s stock.

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.