Lewis Steverson Sells 15,366 Shares of Corning (NYSE:GLW) Stock

Corning Incorporated (NYSE:GLW) EVP Lewis Steverson sold 15,366 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the sale, the executive vice president owned 3,461 shares of the company’s stock, valued at $450,691.42. This trade represents a 81.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Corning Stock Down 1.0%

GLW opened at $131.60 on Friday. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $136.83. The company’s 50-day moving average price is $96.72 and its two-hundred day moving average price is $84.16. The stock has a market cap of $112.83 billion, a price-to-earnings ratio of 71.52, a PEG ratio of 2.30 and a beta of 1.13. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last issued its quarterly 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 net margin of 10.21% and a return on equity of 18.72%. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the business posted $0.57 EPS. Corning’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, equities analysts expect that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.9%. Corning’s dividend payout ratio is presently 60.87%.

Wall Street Analyst Weigh In

Several research firms have commented on GLW. Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Mizuho upped their price target on shares of Corning from $97.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Susquehanna raised their price objective on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Morgan Stanley boosted their target price on shares of Corning from $98.00 to $103.00 and gave the company an “equal weight” rating in a report on Thursday, January 29th. Finally, Citigroup increased their target price on Corning from $102.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.36.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning reported stronger-than-expected 2025 results and disclosed a roughly $6 billion Meta AI fiber contract, which materially increases near‑term demand for its optical fiber & cable business and was the main catalyst for the recent rally. Corning (GLW) Is Up 13.6% After Strong 2025 Results And $6 Billion Meta AI Fiber Deal
• Positive Sentiment: The board declared a quarterly dividend of $0.28 per share (payable Mar 30; record Feb 27), reinforcing shareholder returns as revenue ramps from AI/telecom projects. Corning Announces Quarterly Dividend
• Positive Sentiment: Market commentary notes an “AI moment” for Corning, with fund inflows into AI‑infrastructure beneficiaries boosting demand for GLW stock beyond the fundamental news. Corning Having Its AI Moment, Drawing Inflows
• Neutral Sentiment: Analysts have raised targets and issued upgrades after results (consensus remains a “Moderate Buy”), but the stock’s valuation now reflects significant growth expectations — important for investors weighing risk/reward. GLW Profile & Analyst Coverage
• Negative Sentiment: Several senior executives sold shares in early February (COO Avery Nelson III executed multiple sales totaling thousands of shares). These high‑profile Form 4 filings have triggered headlines and contributed to near‑term selling pressure. SEC filing (Nelson sale of 6,262): Nelson Form 4
• Negative Sentiment: Other insider sales include EVP Lewis Steverson (15,366 shares) and VP John Z. Zhang (1,531 shares). Multiple filings amplify concerns among short‑term traders about insider timing, even if sales are for diversification or liquidity. Steverson SEC filing: Steverson Form 4 • Zhang SEC filing: Zhang Form 4
• Negative Sentiment: Financial press highlighted the insider selling as a reason for intraday weakness and profit‑taking after the earlier surge. Corning Trading Down 2.5% After Insider Selling

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GLW. CI Investments Inc. increased its holdings in shares of Corning by 164.3% in the fourth quarter. CI Investments Inc. now owns 38,356 shares of the electronics maker’s stock worth $3,358,000 after purchasing an additional 23,841 shares during the period. Laurel Oak Wealth Management LLC purchased a new position in Corning during the fourth quarter worth about $384,000. Hamilton Point Investment Advisors LLC bought a new position in Corning in the 4th quarter worth about $316,000. Davis R M Inc. raised its holdings in shares of Corning by 15.3% in the 4th quarter. Davis R M Inc. now owns 16,744 shares of the electronics maker’s stock valued at $1,466,000 after acquiring an additional 2,220 shares in the last quarter. Finally, Hollencrest Capital Management boosted its position in shares of Corning by 498.0% during the 4th quarter. Hollencrest Capital Management now owns 9,652 shares of the electronics maker’s stock valued at $845,000 after acquiring an additional 8,038 shares during the last quarter. 69.80% of the stock is owned by 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.