Corning (NYSE:GLW) Trading 4% Higher After Analyst Upgrade

Corning Incorporated (NYSE:GLW) shares traded up 4% on Monday after Morgan Stanley raised their price target on the stock from $103.00 to $127.00. Morgan Stanley currently has an equal weight rating on the stock. Corning traded as high as $148.70 and last traded at $145.0790. 18,534,119 shares changed hands during mid-day trading, an increase of 94% from the average session volume of 9,566,400 shares. The stock had previously closed at $139.51.

GLW has been the subject of several other research reports. Citigroup increased their price target on shares of Corning from $102.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Susquehanna raised their target price on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. boosted their price target 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. Weiss Ratings upgraded shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Finally, Wolfe Research set a $130.00 price objective on shares of Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.25.

Insider Activity

In related news, SVP Li Fang sold 9,797 shares of Corning stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total transaction of $1,112,057.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Avery H. Nelson III sold 6,262 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $129.79, for a total value of $812,744.98. Following the completion of the transaction, the chief operating officer owned 61,371 shares in the company, valued at $7,965,342.09. This represents a 9.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 95,687 shares of company stock worth $11,249,008. Company insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Phillip James Consulting Co. purchased a new position in Corning in the 4th quarter worth approximately $133,000. Kera Capital Partners Inc. increased its stake in Corning by 2.7% in the fourth quarter. Kera Capital Partners Inc. now owns 154,754 shares of the electronics maker’s stock valued at $13,550,000 after acquiring an additional 4,061 shares during the last quarter. Virtu Financial LLC purchased a new stake in Corning during the fourth quarter valued at about $2,378,000. MV Capital Management Inc. bought a new position in shares of Corning during the 4th quarter valued at about $61,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in Corning in the 4th quarter worth approximately $71,000. 69.80% of the stock is currently owned by institutional investors.

Corning Stock Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The company has a 50 day simple moving average of $102.97 and a 200-day simple moving average of $88.05. The firm has a market cap of $124.47 billion, a PE ratio of 78.85, a price-to-earnings-growth ratio of 2.42 and a beta of 1.13.

Corning (NYSE:GLW) last posted its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS 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 firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the firm posted $0.57 earnings per share. The business’s 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, equities research analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio is 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.