Rep. Maria Elvira Salazar Sells Shares of Corning Incorporated (NYSE:GLW)

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 4th. The trade occurred in the Representative’s “UBS BROKERAGE 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 Stock Down 6.4%

Shares of Corning stock opened at $152.81 on Friday. The company has a market cap of $131.63 billion, a P/E ratio of 69.78, a PEG ratio of 2.08 and a beta of 1.13. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. Corning Incorporated has a one year low of $77.39 and a one year high of $271.78. The firm has a fifty day moving average of $155.41 and a two-hundred day moving average of $168.64.

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

Corning Announces Dividend

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

Institutional Trading of Corning

Institutional investors have recently bought and sold shares of the company. State Street Corp grew its holdings in Corning by 13.4% in the second quarter. State Street Corp now owns 41,108,384 shares of the electronics maker’s stock valued at $10,500,315,000 after purchasing an additional 4,845,027 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Corning by 29.2% in the 2nd quarter. Bank of America Corp DE now owns 18,730,616 shares of the electronics maker’s stock worth $4,784,361,000 after buying an additional 4,231,507 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Corning by 50.9% in the 2nd quarter. Wellington Management Group LLP now owns 13,174,194 shares of the electronics maker’s stock worth $3,365,084,000 after buying an additional 4,446,514 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Corning in the 2nd quarter valued at about $1,510,911,000. Finally, Legal & General Group Plc purchased a new position in Corning during the 2nd quarter valued at about $1,212,283,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GLW has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Sanford C. Bernstein started coverage on Corning in a report on Wednesday, September 30th. They issued a “market perform” rating and a $140.00 target price for the company. Wall Street Zen lowered shares of Corning from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. UBS Group upped 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. Finally, China Renaissance upgraded shares of Corning from a “hold” rating to a “buy” rating and set a $238.00 price objective for the company in a research note on Tuesday, September 8th. Twelve equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Corning currently has an average rating of “Moderate Buy” and an average target price of $174.87.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: AI-related demand for optical communications components, expanding backlogs and data-center spending are viewed as major growth drivers for Corning. Analysts also point to large data-center agreements and improving solar sales as reasons for further upside potential. AI communications component analysis
• Positive Sentiment: Truist raised its price target for GLW from $175 to $182, signaling continued confidence in Corning’s growth outlook despite the stock’s elevated valuation. Truist price-target increase
• Positive Sentiment: Corning maintained its quarterly dividend at $0.28 per share, or $1.12 annualized, providing ongoing shareholder returns. The dividend yield is approximately 0.7%. Corning dividend announcement
• Neutral Sentiment: Bernstein reaffirmed its Hold rating, suggesting that the AI opportunity is already substantially reflected in the share price. Bernstein Hold rating
• Neutral Sentiment: Investors are focused on Corning’s upcoming third-quarter 2026 results and whether earnings can support its guidance of $0.85–$0.89 per share. Expectations are elevated following strong recent revenue and earnings growth. Corning Q3 2026 earnings preview
• Negative Sentiment: Corning underperformed competitors in the latest session, while its high P/E ratio leaves the stock vulnerable to profit-taking if growth or margins disappoint. Corning relative stock performance
• Negative Sentiment: Pomerantz LLP is investigating potential claims on behalf of Corning investors. Although no findings were announced, the investigation adds headline and litigation risk. Pomerantz investor investigation

Insider Activity

In other Corning news, EVP Lewis Steverson sold 13,100 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $151.29, for a total value of $1,981,899.00. Following the sale, the executive vice president owned 15,052 shares of the company’s stock, valued at $2,277,217.08. This represents a 46.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by company insiders.

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.

About Corning

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.