Corning Sees Unusually Large Options Volume (NYSE:GLW)

Corning Incorporated (NYSE:GLW) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 50,325 call options on the company. This is an increase of approximately 99% compared to the typical volume of 25,329 call options.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Major commercial win: Corning announced a multi‑year supply agreement with Meta potentially worth up to $6 billion, validating its role as a critical supplier for AI data‑center fiber demand. From Glass Maker to AI Kingmaker: Corning’s Pivot
• Positive Sentiment: Operational leverage & growth roadmap: Optical Communications posted record growth (segment sales and net income up y/y) and management raised Springboard targets — now aiming for $11B incremental annualized sales by 2028 (up from $8B) and $6.5B by end‑2026 — improving margin and cash‑flow outlook. From Glass Maker to AI Kingmaker: Corning’s Pivot
• Positive Sentiment: Unusually large bullish options activity: Traders bought ~50,325 call options (about +99% vs. typical volume), signaling speculative or institutional conviction in further upside. Stock Traders Purchase High Volume of Call Options on Corning (NYSE:GLW)
• Positive Sentiment: Analyst support: At least one firm boosted GLW’s price target to $160, reflecting raised expectations for revenue and margin expansion tied to AI‑related demand. Corning (NYSE:GLW) Price Target Raised to $160.00
• Positive Sentiment: Sector momentum: Reports attribute gains to hyperscaler / data‑center spending optimism, reinforcing the view that densification will boost fiber demand for years. Corning stock gains on hyperscaler spending optimism
• Neutral Sentiment: Strong price momentum: GLW has posted large short‑term returns (recent 30‑day and YTD gains), attracting attention from momentum investors — this helps liquidity but raises volatility risk. Corning (GLW) Valuation Check After Strong Multi‑Period Share Price Momentum
• Negative Sentiment: Rich valuation: The stock now trades at a materially higher P/E multiple than historical averages (market pricing assumes flawless execution of Springboard and sustained hyperscaler demand), so any execution misstep or slowdown could prompt a sharp re‑rating. From Glass Maker to AI Kingmaker: Corning’s Pivot

Insider Transactions at Corning

In other Corning news, SVP Li Fang sold 9,797 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total transaction of $1,112,057.47. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Lewis A. 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 completion of the transaction, the executive vice president owned 3,461 shares in the company, valued at approximately $450,691.42. The trade was a 81.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,687 shares of company stock valued at $11,249,008 over the last quarter. Insiders own 0.32% of the company’s stock.

Institutional Trading of Corning

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Corning during the 3rd quarter valued at $25,000. Berbice Capital Management LLC acquired a new stake in shares of Corning during the fourth quarter worth $26,000. Basepoint Wealth LLC purchased a new stake in shares of Corning during the fourth quarter valued at $26,000. Strengthening Families & Communities LLC acquired a new position in shares of Corning in the 3rd quarter valued at $27,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Corning in the 4th quarter worth about $27,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GLW has been the subject of several recent research reports. Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Citigroup upped their price objective on Corning from $102.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Oppenheimer set a $120.00 target price on Corning in a research report on Thursday, January 29th. Morgan Stanley boosted their price target on shares of Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a report on Monday. Finally, HSBC restated a “buy” rating and set a $135.00 price target on shares of Corning in a research report on Friday, February 13th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Corning presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.25.

Corning Stock Performance

GLW opened at $151.39 on Wednesday. The business has a 50 day moving average price of $104.26 and a two-hundred day moving average price of $88.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The company has a market capitalization of $129.89 billion, a price-to-earnings ratio of 82.28, a price-to-earnings-growth ratio of 2.52 and a beta of 1.13. Corning has a 1-year low of $37.31 and a 1-year high of $152.91.

Corning (NYSE:GLW) last posted its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The company’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. Research analysts predict that Corning will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given 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 0.7%. Corning’s dividend payout ratio (DPR) is 60.87%.

About Corning

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.