Corning (NYSE:GLW) Insider Eric Musser Sells 15,000 Shares

Corning Incorporated (NYSE:GLW) insider Eric Musser sold 15,000 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were 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 of the company’s stock, valued at approximately $641,611.50. The trade was a 75.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Corning Stock Performance

NYSE GLW opened at $131.36 on Tuesday. The firm has a market capitalization of $112.62 billion, a P/E ratio of 71.39, a price-to-earnings-growth ratio of 2.12 and a beta of 1.13. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average price is $93.92 and its two-hundred day moving average price is $82.97. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $132.32.

Corning (NYSE:GLW) last released its quarterly earnings data 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 net margin of 10.21% and a return on equity of 18.72%. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the business earned $0.57 EPS. Corning’s revenue for the quarter 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, research analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GLW shares. Fox Advisors downgraded Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. increased their price objective on shares of Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. UBS Group reaffirmed a “buy” rating and set a $125.00 target price on shares of Corning in a report on Friday, January 30th. Barclays set a $100.00 price target on shares of Corning in a research note on Thursday, January 29th. Finally, Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and an average price target of $112.36.

Institutional Trading of Corning

Hedge funds and other institutional investors have recently bought and sold shares of the business. Huntington National Bank grew its position in shares of Corning by 37.6% during the 4th quarter. Huntington National Bank now owns 578,432 shares of the electronics maker’s stock worth $50,647,000 after purchasing an additional 157,959 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of Corning by 1.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 17,994 shares of the electronics maker’s stock valued at $1,576,000 after buying an additional 238 shares during the period. Smith Chas P & Associates PA Cpas acquired a new stake in Corning during the fourth quarter worth approximately $294,000. Texas Capital Bank Wealth Management Services Inc grew its position in Corning by 5.5% during the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 2,790 shares of the electronics maker’s stock worth $244,000 after buying an additional 145 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Corning by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 20,411,824 shares of the electronics maker’s stock worth $1,781,250,000 after acquiring an additional 517,067 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.