Corning (NYSE:GLW) Earns Hold Rating from Analysts at Truist Financial

Truist Financial assumed coverage on shares of Corning (NYSE:GLW) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage issued a hold rating and a $125.00 target price on the electronics maker’s stock.

A number of other equities analysts have also recently weighed in on the company. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Citigroup raised their target price on Corning from $120.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Morgan Stanley increased their price objective on Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Finally, HSBC restated a “buy” rating and set a $135.00 price objective on shares of Corning in a research report on Friday, February 13th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.08.

Corning Price Performance

Shares of NYSE GLW opened at $147.92 on Tuesday. Corning has a twelve month low of $37.31 and a twelve month high of $162.10. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average of $130.33 and a two-hundred day moving average of $101.40. The company has a market capitalization of $127.07 billion, a price-to-earnings ratio of 80.39, a PEG ratio of 2.24 and a beta of 1.06.

Corning (NYSE:GLW) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the company posted $0.57 EPS. The business’s 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, analysts expect that Corning will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, February 27th. Corning’s dividend payout ratio is presently 60.87%.

Insider Activity at Corning

In other Corning news, CEO Wendell P. Weeks sold 137,514 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $155.37, for a total value of $21,365,550.18. Following the completion of the sale, the chief executive officer owned 750,585 shares of the company’s stock, valued at $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. This represents a 27.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 233,201 shares of company stock valued at $32,614,558. Insiders own 0.40% of the company’s stock.

Institutional Trading of Corning

Large investors have recently modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Corning in the 3rd quarter worth $25,000. Berbice Capital Management LLC acquired a new stake in shares of Corning in the fourth quarter worth $26,000. Basepoint Wealth LLC bought a new position in Corning during the fourth quarter worth $26,000. Strengthening Families & Communities LLC acquired a new position in shares of Corning during the third quarter valued at about $27,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Corning during the fourth quarter worth about $27,000. 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.