Corning Incorporated (NYSE:GLW) Given Average Rating of “Moderate Buy” by Brokerages

Corning Incorporated (NYSE:GLW) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $194.6923.

Several analysts recently weighed in on GLW shares. JPMorgan Chase & Co. lifted their target price on shares of Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Wall Street Zen cut Corning from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Susquehanna boosted their price objective on Corning from $125.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a research note on Friday, May 15th.

Insiders Place Their Bets

In related news, SVP Soumya Seetharam sold 20,000 shares of Corning stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $206.23, for a total value of $4,124,600.00. Following the completion of the transaction, the senior vice president owned 25,570 shares in the company, valued at approximately $5,273,301.10. The trade was a 43.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 directly owned 94,400 shares in the company, valued at $18,138,016. This represents a 22.49% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 160,655 shares of company stock valued at $30,692,560. 0.25% of the stock is owned by company insiders.

Hedge Funds Weigh In On Corning

Several hedge funds and other institutional investors have recently made changes to their positions in GLW. Trust Asset Management LLC grew its position in shares of Corning by 1.0% during the second quarter. Trust Asset Management LLC now owns 8,648 shares of the electronics maker’s stock worth $2,209,000 after buying an additional 85 shares in the last quarter. First Community Trust NA acquired a new stake in Corning in the second quarter valued at approximately $72,000. Regent Peak Wealth Advisors LLC lifted its stake in Corning by 2.0% in the second quarter. Regent Peak Wealth Advisors LLC now owns 3,569 shares of the electronics maker’s stock worth $912,000 after acquiring an additional 70 shares during the last quarter. Annex Advisory Services LLC acquired a new position in Corning during the 2nd quarter worth approximately $284,000. Finally, Tema ETFs LLC grew its holdings in Corning by 10.5% during the 2nd quarter. Tema ETFs LLC now owns 13,723 shares of the electronics maker’s stock worth $3,505,000 after acquiring an additional 1,305 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Trading Down 7.0%

NYSE GLW opened at $174.44 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The stock has a market capitalization of $150.13 billion, a P/E ratio of 83.46, a PEG ratio of 2.47 and a beta of 1.09. The firm’s 50-day moving average is $193.94 and its two-hundred day moving average is $152.35. Corning has a 12 month low of $52.19 and a 12 month high of $271.78.

Corning (NYSE:GLW) last announced its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The business had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, sell-side analysts anticipate that Corning will post 3.18 earnings per share for the current year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.28 per share. The ex-dividend date is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. Corning’s dividend payout ratio is 53.59%.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning is still being highlighted as a beneficiary of AI infrastructure spending, with articles pointing to its role in solving networking and connectivity bottlenecks and noting consensus Buy/Moderate Buy sentiment. Beyond the Foundry: 5 Infrastructure Stocks Tackling the AI Bottlenecks (GLW)
• Positive Sentiment: Technical traders are pointing to Corning testing its 80-day moving average, a level that has historically acted as a bullish support trendline, suggesting some upside potential after the recent breather. Corning Stock Signal Hints at Upside Potential Amid Breather
• Neutral Sentiment: Several previews and industry outlook pieces are keeping Corning in focus ahead of earnings, but they do not appear to change the investment thesis materially on their own. Corning earnings preview: What to expect
• Neutral Sentiment: Corning remains on industry watchlists alongside peers benefiting from fiber densification, cloud spending, and 5G deployment, which supports the longer-term growth case but is not a direct catalyst. 3 Communication Stocks Set to Soar on Inherent Sector Strength
• Negative Sentiment: Investor sentiment has been pressured by a report citing executive stock sales and earnings uncertainty, while another note argued GLW may not look cheap after its strong multi-year run, raising valuation concerns. Corning (GLW) Stock Plunges 8% Amid Executive Sales and Earnings Uncertainty Corning (GLW) Stock Could Be 7% Above Fair Value On AI Selloff

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.