Insider Buys Reported in these Stocks: Corning Incorporated (GLW) and More

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Analysts are mostly neutral on the stock: Average recommendation is 2.30. The stock has an average price target of $14.05, which implies a potential upside of +9.85% from current stock prices. Both analyst reports this year, however, have downgraded the stock, from overweight/outperform to equal weight/sector perform.

Corning pays a dividend of $0.36/share, which works out to a yield of 2.81%. The company has paid a dividend to its shareholders from 1987 to 2001, and then from 2007 to today. It has recently raised its dividend.

Even though the stock is far from historical highs, Corning has reported record earnings, and seems poised to continue the trend. With current valuations, the stock looks cheap. Recent insider buying could be a sign that this might be the time to add some shares of the stock.

P/E Fwd P/E PEG Avg PT (% implied upside) Div Yield
NCT 4.13 8.75 0.77 $11 (0%) 7.86%
GLW 11.12 9.99 0.93 $14.05 (+9.85%) 2.81%
POWL 18.15 17.82 2.27 $51.50 (-12.71%) N/A
Edge NCT NCT NCT GLW NCT

Bottom Line

Insider buying has long been considered by many to be an important indicator of a company’s expected performance, so it could be a good time to buy shares in any of these three stocks. NCT seems to stand out — the insider buying is very significant, it pays a very attractive dividend, is viewed very favorably by analysts, and is in a recovering sector. But Corning also looks like a great value-growth stock, and Powell could be a good momentum play. At any rate, all three stocks should be considered by investors looking at these sectors.

The article Insider Buys Reported in these Stocks originally appeared on Fool.com and is written by Alex Bastardas.

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