Corning Set to Report Earnings; Insider and Hedge Fund Activity Detailed

Corning Inc. ($GLW) is anticipated to announce its quarterly earnings data on Tuesday, April 29th, prior to market opening, according to Finnhub. Analysts project revenue to reach approximately $3.68 billion, with earnings estimated at $0.51 per share.

Insider Trading Activity at Corning

In the past six months, insiders at Corning have executed 15 transactions concerning $GLW Stock. Notably, none of these actions were purchases; all were sales.

Here’s an overview of insider transactions involving $GLW Stock during this period:

• Wendell P. Weeks (Chairman and CEO) sold 200,000 shares, totaling approximately $9,844,114.
• Eric S. Musser (President and COO) sold 104,640 shares for an estimated $5,186,309.
• Martin J. Curran sold 60,200 shares, valued at about $2,890,983.
• Stefan Becker (SVP, Finance & Controller) sold 24,077 shares for about $1,170,744.
• Edward A. Schlesinger (Exec. Vice President and CFO) sold 21,948 shares for an estimated $1,055,077.
• Lewis A. Stephenson (EVP and CLAO) sold 16,079 shares for an estimated $774,240.
• John P. Jr. Bayne sold 13,876 shares, totaling around $677,678.
• Li Fang (SVP, Corning International & NBD, Solar) sold 9,166 shares for about $444,097.
• John Z. Zhang (SVP & GM Glass Innovation & Asia) sold 5,175 shares for an estimated $250,263.
• Michael Alan Bell sold 2,209 shares for approximately $110,164.

Hedge Fund Activity Surrounding Corning

In the latest quarter, 610 institutional investors have added shares of Corning to their portfolios, while 626 have reduced their holdings.

Here are notable recent changes:

• Wellington Management Group LLP decreased its holdings by 10,579,277 shares (-27.0%), valued at around $502,727,243.
• Price T. Rowe Associates Inc. removed 4,616,994 shares (-14.4%) for an estimated $219,399,554.
• FMR LLC cut 2,717,146 shares (-73.0%), valued at about $129,118,777.
• Polar Capital Holdings PLC increased its portfolio by 2,614,751 shares (+inf%), worth an estimated $124,252,967.
• JPMorgan Chase & Co. decreased its holdings by 2,362,265 shares (-15.5%), for an estimated $112,254,832.
• Amundi added 2,268,436 shares (+139.0%), valued at around $107,796,078.
• Mariner, LLC increased its holdings by 2,215,840 shares (+134.0%) for an estimated $105,296,716.

Congressional Trading of Corning Stock

Members of Congress have made three trades involving $GLW Stock in the past six months, all being purchases.

Analyst Ratings for Corning

Recent reports from Wall Street analysts have shown a positive outlook for Corning. Four firms have issued buy ratings, while none have issued sell ratings.

Here are recent analyst ratings:

• Citigroup issued a “Buy” rating on April 14, 2025.
• HSBC issued a “Buy” rating on January 30, 2025.
• Oppenheimer rated the stock as “Outperform” on October 30, 2024.
• Deutsche Bank issued a “Buy” rating on October 30, 2024.

Corning Price Targets

Several analysts have set price targets for $GLW, with a median target of $56.00. The following are some of the recent price targets:

• John Roberts from Mizuho Securities set a target price of $52.00 on April 15, 2025.
• Stephen Bersey from HSBC issued a target price of $60.00 on January 30, 2025.
• Martin Yang from Oppenheimer set a target price of $58.00 on October 30, 2024.
• Matt Niknam from Deutsche Bank set a target price of $54.00 on October 30, 2024.

This article is not financial advice. Please refer to relevant disclaimers for further information. Note that inaccuracies may arise from ticker mapping and other anomalies.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.