Stock Traders Purchase High Volume of Call Options on Corning (NYSE:GLW)

Corning Incorporated (NYSE:GLW) was the recipient of some unusual options trading on Tuesday. Investors purchased 50,325 call options on the company. This represents an increase of approximately 99% compared to the average daily volume of 25,329 call options.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. UBS Group lifted their price objective on shares of Corning from $125.00 to $160.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley boosted their price objective on shares of Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Monday. Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Finally, Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $121.25.

Insider Buying and Selling

In other news, SVP Li Fang sold 9,797 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Eric S. Musser sold 25,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the completion of the sale, the insider directly owned 19,926 shares of the company’s stock, valued at approximately $2,191,860. This trade represents a 55.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 95,687 shares of company stock valued at $11,249,008 over the last 90 days. 0.32% of the stock is owned by insiders.

Hedge Funds Weigh In On Corning

Hedge funds have recently modified their holdings of the stock. Lansforsakringar Fondforvaltning AB publ raised its position in shares of Corning by 4.9% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker’s stock valued at $21,471,000 after buying an additional 12,297 shares during the last quarter. Hartline Investment Corp lifted its stake in shares of Corning by 113.2% during the 3rd quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock worth $24,229,000 after purchasing an additional 156,843 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Corning by 1.6% during the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock worth $5,151,301,000 after purchasing an additional 1,582,895 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Corning by 638.0% in the second quarter. Schroder Investment Management Group now owns 546,407 shares of the electronics maker’s stock valued at $28,736,000 after purchasing an additional 472,365 shares during the period. Finally, Caprock Group LLC acquired a new position in Corning in the third quarter valued at $3,355,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Price Performance

NYSE GLW opened at $145.08 on Tuesday. The firm’s fifty day simple moving average is $102.97 and its two-hundred day simple moving average is $88.05. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. Corning has a 12-month low of $37.31 and a 12-month high of $148.70. The firm has a market capitalization of $124.47 billion, a P/E ratio of 78.85, a P/E/G ratio of 2.42 and a beta of 1.13.

Corning (NYSE:GLW) last issued its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business’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 business posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Analysts forecast that Corning will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio (DPR) is currently 60.87%.

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.