Corning (NYSE:GLW) SVP Sells $1,112,057.47 in Stock

Corning Incorporated (NYSE:GLW) SVP Li Fang sold 9,797 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total value of $1,112,057.47. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Corning Stock Up 8.4%

Corning stock opened at $122.31 on Friday. Corning Incorporated has a one year low of $37.31 and a one year high of $122.56. The stock has a fifty day moving average of $92.96 and a 200 day moving average of $82.25. 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 cap of $104.86 billion, a PE ratio of 66.47, a price-to-earnings-growth ratio of 2.12 and a beta of 1.13.

Corning (NYSE:GLW) last announced its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) 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 business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period last year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, sell-side analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group reiterated a “buy” rating and set a $125.00 price target on shares of Corning in a research note on Friday, January 30th. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Weiss Ratings downgraded Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 27th. Citigroup boosted their price target on Corning from $102.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Mizuho raised their price objective on Corning from $97.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $112.36.

Hedge Funds Weigh In On Corning

Several large investors have recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new stake in shares of Corning during the first quarter valued at approximately $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Corning by 9.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after buying an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Corning in the second quarter worth $401,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Corning during the second quarter worth $127,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

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.