Rep. Maria Elvira Salazar Unloads 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 Up 2.5%

Shares of NYSE:GLW opened at $156.62 on Friday. The stock’s 50-day moving average is $155.77 and its 200 day moving average is $168.56. The company has a market cap of $134.91 billion, a PE ratio of 71.51, a P/E/G ratio of 1.95 and a beta of 1.13. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24. Corning Incorporated has a 1 year low of $77.39 and a 1 year high of $271.78.

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

Corning Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently weighed in on GLW shares. The Goldman Sachs Group reiterated an “outperform” rating on shares of Corning in a report on Tuesday, September 15th. Weiss Ratings lowered shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. China Renaissance upgraded shares of Corning from a “hold” rating to a “buy” rating and set a $238.00 price target on the stock in a research report on Tuesday, September 8th. Barclays decreased their price target on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. Finally, Truist Financial lifted their price objective on Corning from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $177.56.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: AI infrastructure demand is a key bullish theme. Analysts identify Corning’s optical fiber and communications components as beneficiaries of expanding data-center and high-speed networking investment, with rising backlogs potentially supporting future revenue growth. Buy GLW and CIEN to Gain More on AI Communication Component Space Rally
• Positive Sentiment: Growth-focused coverage continues to highlight Corning as a long-term opportunity because of its specialized glass and optical-fiber businesses serving major technology customers. Its recent earnings also showed strong momentum, with revenue up 17.1% year over year and earnings exceeding estimates. Why Corning Is a Top Growth Stock for the Long Term
• Positive Sentiment: Truist raised its price target on GLW from $175 to $182, signaling increased confidence in the company’s outlook. Corning also declared a $0.28 quarterly dividend, maintaining shareholder returns, although the indicated yield is modest at approximately 0.7%. Truist Raises Target for Corning
• Neutral Sentiment: Investors are awaiting Corning’s third-quarter 2026 results and guidance for evidence that AI-driven demand is translating into sustained growth. The company previously guided to third-quarter EPS of $0.85–$0.89. Corning Q3 2026 Earnings Expectations
• Neutral Sentiment: Bernstein reaffirmed a Hold rating, suggesting the expected growth may already be reflected in the stock’s valuation. Corning trades at a high earnings multiple, increasing sensitivity to any slowdown or disappointing guidance. Bernstein Reaffirms Hold Rating
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Corning investors. Although the announcement does not establish wrongdoing, it adds headline and litigation risk that could weigh on sentiment. Pomerantz Investor Investigation

Institutional Investors Weigh In On Corning

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alliance Wealth Advisors LLC increased its holdings in shares of Corning by 1.4% during the second quarter. Alliance Wealth Advisors LLC now owns 4,045 shares of the electronics maker’s stock valued at $1,033,000 after acquiring an additional 56 shares in the last quarter. Ares Financial Consulting LLC boosted its stake in Corning by 15.6% in the 2nd quarter. Ares Financial Consulting LLC now owns 444 shares of the electronics maker’s stock worth $113,000 after purchasing an additional 60 shares in the last quarter. Signature Equity Partners LLC grew its position in Corning by 19.3% during the 1st quarter. Signature Equity Partners LLC now owns 383 shares of the electronics maker’s stock valued at $52,000 after purchasing an additional 62 shares during the last quarter. Beirne Wealth Consulting Services LLC increased its stake in Corning by 0.8% during the 1st quarter. Beirne Wealth Consulting Services LLC now owns 8,045 shares of the electronics maker’s stock valued at $1,094,000 after purchasing an additional 64 shares in the last quarter. Finally, Balefire LLC raised its holdings in Corning by 0.7% in the first quarter. Balefire LLC now owns 9,595 shares of the electronics maker’s stock worth $1,305,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insider Activity

In other news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the sale, the executive vice president owned 15,052 shares in the company, valued at $2,277,217.08. This represents a 46.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.25% of the company’s stock.

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.