Corning Sees Unusually High Options Volume (NYSE:GLW)

Corning Incorporated (NYSE:GLW) was the target of some unusual options trading activity on Monday. Traders bought 29,948 call options on the stock. This is an increase of 20% compared to the average volume of 25,035 call options.

Insiders Place Their Bets

In other news, SVP Li Fang sold 9,797 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $104.55, for a total value of $2,206,423.20. Following the transaction, the chief financial officer owned 54,780 shares of the company’s stock, valued at approximately $5,727,249. The trade was a 27.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 70,945 shares of company stock worth $8,026,736. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Corning

Large investors have recently modified their holdings of the company. Capital Research Global Investors acquired a new stake in Corning during the third quarter worth approximately $907,164,000. Norges Bank bought a new position in Corning in the second quarter worth approximately $534,936,000. WCM Investment Management LLC acquired a new stake in Corning in the 3rd quarter valued at $676,931,000. Wellington Management Group LLP grew its holdings in shares of Corning by 30.3% during the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after buying an additional 3,848,540 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in Corning by 748.0% during the 3rd quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock valued at $260,014,000 after purchasing an additional 2,795,948 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Stock Up 7.5%

Shares of GLW opened at $131.36 on Tuesday. 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 capitalization of $112.62 billion, a price-to-earnings ratio of 71.39, a PEG ratio of 2.12 and a beta of 1.13. Corning has a 52 week low of $37.31 and a 52 week high of $132.32. The stock has a fifty day moving average of $93.92 and a 200-day moving average of $82.97.

Corning (NYSE:GLW) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the business posted $0.57 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, sell-side analysts anticipate that Corning will post 2.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on GLW. Susquehanna increased 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. JPMorgan Chase & Co. increased their price target on Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Citigroup increased their price target on shares of Corning from $102.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Fox Advisors downgraded shares of Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. Finally, Mizuho increased their price target on Corning from $97.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Corning has an average rating of “Moderate Buy” and a consensus target price of $112.36.

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.