Analysts Set Corning Incorporated (NYSE:GLW) Target Price at $178.31

Shares of Corning Incorporated (NYSE:GLW) have been assigned an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $182.6154.

Several research firms recently commented on GLW. Mizuho boosted their price target on Corning from $190.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Citigroup upped their target price on Corning from $175.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Bank of America raised their price objective on Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Barclays increased their target price on Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Wall Street Zen lowered Corning from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th.

Insider Buying and Selling at Corning

In other news, SVP Soumya Seetharam sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $206.23, for a total transaction 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. This trade represents a 43.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Wendell P. Weeks sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the transaction, the chief executive officer owned 908,353 shares of the company’s stock, valued at approximately $169,371,500.38. This trade represents a 9.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 160,655 shares of company stock valued at $30,692,561. Corporate insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On Corning

A number of institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors acquired a new stake in shares of Corning during the 3rd quarter valued at about $907,164,000. Norges Bank bought a new position in Corning in the 4th quarter worth approximately $921,435,000. Wellington Management Group LLP grew its position in Corning by 30.3% in the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after acquiring an additional 3,848,540 shares during the period. Polar Capital Holdings Plc grew its position in Corning by 141.2% in the third quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker’s stock valued at $329,035,000 after acquiring an additional 2,348,125 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Corning by 102.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,562,644 shares of the electronics maker’s stock valued at $399,505,000 after acquiring an additional 2,304,676 shares during the period. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Stock Down 2.2%

Shares of NYSE:GLW opened at $223.00 on Friday. The stock has a 50-day simple moving average of $184.70 and a 200-day simple moving average of $141.72. The stock has a market capitalization of $191.92 billion, a P/E ratio of 106.70, a PEG ratio of 3.16 and a beta of 1.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. Corning has a 1 year low of $51.32 and a 1 year high of $230.50.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $4.35 billion for 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 for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Equities analysts forecast that Corning will post 3.19 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. Stockholders of record on Monday, August 31st will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, August 31st. Corning’s dividend payout ratio (DPR) is 53.59%.

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.