Corning (NYSE:GLW) Coverage Initiated by Analysts at Truist Financial

Truist Financial began coverage on shares of Corning (NYSE:GLW) in a report released on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a hold rating and a $125.00 target price on the electronics maker’s stock.

GLW has been the subject of a number of other reports. HSBC reiterated a “buy” rating and set a $135.00 target price on shares of Corning in a report on Friday, February 13th. Wolfe Research set a $130.00 price target on Corning and gave the company an “outperform” rating in a report on Tuesday, January 27th. JPMorgan Chase & Co. upped their price target on 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 Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Finally, Barclays set a $100.00 price objective on Corning in a research report on Thursday, January 29th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Corning currently has an average rating of “Moderate Buy” and an average price target of $132.08.

Corning Stock Up 5.6%

Shares of NYSE GLW opened at $135.81 on Tuesday. The firm’s fifty day moving average is $128.28 and its 200 day moving average is $100.78. Corning has a 52 week low of $37.31 and a 52 week high of $162.10. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The company has a market cap of $116.67 billion, a price-to-earnings ratio of 73.81, a PEG ratio of 2.03 and a beta of 1.05.

Corning (NYSE:GLW) last announced its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The business 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%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities research analysts expect that Corning will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, February 27th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, February 27th. Corning’s dividend payout ratio is presently 60.87%.

Insiders Place Their Bets

In other Corning news, insider Eric S. Musser sold 15,000 shares of Corning stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $130.25, for a total transaction of $1,953,750.00. Following 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 this link. Also, EVP Lewis A. Steverson sold 15,366 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total value of $2,000,960.52. Following the completion of the transaction, the executive vice president directly owned 3,461 shares of the company’s stock, valued at $450,691.42. This represents a 81.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 233,201 shares of company stock valued at $32,614,558 over the last ninety days. 0.25% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Corning

Institutional investors have recently added to or reduced their stakes in the company. Fund Advisors of America Inc FL purchased a new position in Corning during the 4th quarter valued at about $1,085,000. World Investment Advisors grew its holdings in Corning by 9.0% in the fourth quarter. World Investment Advisors now owns 31,276 shares of the electronics maker’s stock worth $2,739,000 after purchasing an additional 2,587 shares during the period. Winthrop Partners WNY LLC purchased a new stake in Corning in the fourth quarter worth about $1,541,000. Nalls Sherbakoff Group LLC bought a new position in shares of Corning during the fourth quarter valued at approximately $45,000. Finally, DUTCH ASSET Corp bought a new position in shares of Corning during the fourth quarter valued at approximately $782,000. Institutional investors own 69.80% of the company’s stock.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Jim Cramer singled out Corning as “the best one” for the AI and data-center buildout, a high-profile endorsement that can attract retail and momentum buying. Jim Cramer Chooses Corning Incorporated As “The Best One” for AI and Data Center Buildout
• Positive Sentiment: Corning and Meta held a groundbreaking for a significant optical cable manufacturing expansion in Hickory, NC — part of a multiyear, up-to-$6B tie-up to supply AI data-center infrastructure. This is a direct demand catalyst and supports upside to revenue and margins over time. Corning and Meta Celebrate Start of Construction on Cable Manufacturing Expansion in North Carolina to Support AI Buildout
• Positive Sentiment: Zacks highlighted GLW among high-ROE, defensive names to consider amid geopolitical risk, reinforcing an investment narrative around cash efficiency and resiliency. 5 Stocks With High ROE to Buy as Iran War Crisis Refuses to Abate
• Neutral Sentiment: Zacks also ran a sector-performance piece comparing GLW to computer/technology peers; useful context for relative strength but not a direct catalyst. Is Corning (GLW) Stock Outpacing Its Computer and Technology Peers This Year?
• Neutral Sentiment: Coverage in broader market roundups (e.g., 247WallSt) noting momentum despite recent index weakness may support sentiment but is not company-specific news. What Correction? 4 Nasdaq Stocks on a Roll That Still Have More Upside
• Negative Sentiment: Truist initiated coverage with a “hold” rating and a $125 price target, implying downside from current levels and potentially capping near-term upside from institutional flows. Benzinga Coverage: Truist Initiates on Corning

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.