Corning (NYSE:GLW) SVP Jaymin Amin Sells 27,395 Shares

Corning Incorporated (NYSE:GLW) SVP Jaymin Amin sold 27,395 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the sale, the senior vice president owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. This represents a 22.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Corning Stock Up 1.3%

Corning stock opened at $196.64 on Wednesday. The business has a fifty day moving average of $164.19 and a two-hundred day moving average of $124.80. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The firm has a market cap of $169.24 billion, a P/E ratio of 94.09, a P/E/G ratio of 2.78 and a beta of 1.14. Corning Incorporated has a twelve month low of $48.62 and a twelve month high of $211.79.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.Corning’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, analysts forecast that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, May 29th. Corning’s payout ratio is 53.59%.

Analyst Ratings Changes

GLW has been the subject of several recent analyst reports. Morgan Stanley set a $180.00 target price on shares of Corning in a research note on Friday, May 8th. Wolfe Research set a $130.00 price target on Corning and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a research report on Friday, May 15th. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Finally, Citigroup upped their price target on Corning from $175.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $177.92.

Hedge Funds Weigh In On Corning

Hedge funds have recently modified their holdings of the stock. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Corning during the third quarter valued at about $25,000. Berbice Capital Management LLC acquired a new position in shares of Corning in the 4th quarter valued at $26,000. Basepoint Wealth LLC acquired a new position in shares of Corning in the 4th quarter valued at $26,000. Strengthening Families & Communities LLC purchased a new position in Corning in the 3rd quarter worth $27,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Corning in the 4th quarter worth $27,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

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.