Corning (NYSE:GLW) Stock Unloaded by Rep. Maria Elvira Salazar

Representative Maria Elvira Salazar (Republican-Florida) recently sold shares of Corning Incorporated (NYSE:GLW). In a filing disclosed on October 7th, the Representative disclosed that they had sold between $1,001 and $15,000 in Corning stock on September 24th. The trade occurred in the Representative’s “UBS IRA ACCOUNT” account.

Representative Maria Elvira Salazar also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Citigroup (NYSE:C) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of GE Aerospace (NYSE:GE) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Honeywell International (NASDAQ:HON) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of RH (NYSE:RH) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 9/24/2026.

Corning Price Performance

GLW opened at $152.81 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. The stock has a market capitalization of $131.63 billion, a PE ratio of 69.78, a price-to-earnings-growth ratio of 2.08 and a beta of 1.13. The stock’s 50 day moving average price is $155.41 and its 200-day moving average price is $168.64. Corning Incorporated has a 52-week low of $77.39 and a 52-week high of $271.78.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. Corning had a net margin of 11.20% and a return on equity of 20.09%. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the previous year, the firm earned $0.60 EPS. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, equities research analysts predict that Corning Incorporated will post 3.28 EPS for the current year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning’s payout ratio is 51.14%.

Insider Buying and Selling at Corning

In other Corning news, EVP Lewis Steverson sold 13,100 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the completion of the transaction, the executive vice president owned 15,052 shares in the company, valued at $2,277,217.08. The trade was a 46.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is currently owned by insiders.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Analysts continue to identify Corning as a potential beneficiary of AI-driven data-center investment. Demand for optical connectivity components is supporting growth, expanding backlogs and additional upside potential. Zacks AI communication component rally article
• Positive Sentiment: Truist raised its price target for Corning from $175 to $182, signaling continued confidence in the company’s outlook. Truist raises Corning price target
• Positive Sentiment: Corning declared a quarterly dividend of $0.28 per share, payable December 11 to shareholders of record November 13. The dividend maintains the company’s shareholder-return program, although its annualized yield is modest at approximately 0.7%. Corning quarterly dividend announcement
• Neutral Sentiment: Recent analysis highlights Corning’s optical-fiber capacity expansion, major data-center agreements and strong solar-related sales. These growth opportunities are balanced by an elevated valuation and the risk that profit growth may not keep pace with expectations. Zacks Corning outlook article
• Negative Sentiment: Pomerantz LLP said it is investigating potential claims on behalf of Corning investors. The announcement could create legal and reputational uncertainty and appears to be the most immediate negative headline for GLW. Pomerantz Corning investor investigation

Institutional Investors Weigh In On Corning

Several large investors have recently bought and sold shares of the business. Herbst Group LLC bought a new stake in shares of Corning during the second quarter valued at approximately $4,474,000. Principal Financial Group Inc. grew its stake in Corning by 1.2% during the first quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker’s stock valued at $121,483,000 after acquiring an additional 10,591 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in Corning by 36.2% in the 1st quarter. Wealthfront Advisers LLC now owns 92,425 shares of the electronics maker’s stock valued at $12,567,000 after acquiring an additional 24,589 shares during the last quarter. Silverlake Wealth Management LLC purchased a new stake in Corning in the 2nd quarter worth $1,872,000. Finally, Atlas Wealth LLC boosted its holdings in shares of Corning by 137.8% during the 1st quarter. Atlas Wealth LLC now owns 12,076 shares of the electronics maker’s stock valued at $1,642,000 after purchasing an additional 6,998 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GLW. Weiss Ratings cut Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Morgan Stanley dropped their target price on shares of Corning from $180.00 to $165.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. UBS Group increased their price target on shares of Corning from $196.00 to $201.00 and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen cut shares of Corning from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. Finally, China Renaissance upgraded shares of Corning from a “hold” rating to a “buy” rating and set a $238.00 price objective on the stock in a report on Tuesday, September 8th. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.87.

About Representative Salazar

Maria Elvira Salazar (Republican Party) is a member of the U.S. House, representing Florida’s 27th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027.

Salazar (Republican Party) ran for re-election to the U.S. House to represent Florida’s 27th Congressional District. She won in the general election on November 5, 2024.

Maria Elvira Salazar was born in Miami, Florida, and lives in Coral Gables, Florida. Salazar earned an undergraduate degree from the University of Miami in 1983 and a graduate degree from Harvard University in 1995. Her career experience includes working as a television journalist, reporter, and news anchor.

Corning Company Profile

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.