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

Key Points

• Rep. Maria Elvira Salazar bought between $1,001 and $15,000 of Corning stock on September 8 through a UBS brokerage account, while separately reporting sales in 10 other companies.
• Corning reported strong quarterly results, with revenue up 17.1% year over year to $4.74 billion and earnings of $0.78 per share, exceeding analyst expectations. Analysts see potential upside from AI-related data-center and optical-connectivity demand, though valuation remains elevated.
• Corning declared a quarterly dividend of $0.28 per share, equivalent to $1.12 annually and a yield of about 0.7%. The stock opened at $152.81, while analysts’ average target price is $174.87 and the consensus rating is “Moderate Buy.”

Representative Maria Elvira Salazar (Republican-Florida) recently bought shares of Corning Incorporated NYSE: GLW. In a filing disclosed on October 7th, the Representative disclosed that they had bought between $1,001 and $15,000 in Corning stock on September 8th. 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 Performance

Shares of GLW stock opened at $152.81 on Friday. Corning Incorporated has a 52-week low of $77.39 and a 52-week high of $271.78. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The stock has a market cap 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 business has a 50-day simple moving average of $155.41 and a 200-day simple moving average of $168.64.

Corning (NYSE:GLW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, beating 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 company had revenue of $4.74 billion during the quarter, compared to analysts' expectations of $4.63 billion. During the same period last year, the business earned $0.60 earnings per share. Corning's quarterly revenue was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, equities analysts expect that Corning Incorporated will post 3.28 EPS for the current year.

Corning Announces Dividend

The business 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 dividend of $0.28 per share. The ex-dividend date is Friday, November 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. Corning's dividend payout ratio (DPR) is presently 51.14%.

Insider Activity

In other news, EVP Lewis Steverson sold 13,100 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president owned 15,052 shares of the company's stock, valued at $2,277,217.08. The trade was a 46.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is currently owned by company insiders.

Key Corning News

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. China Renaissance upgraded shares of Corning from a "hold" rating to a "buy" rating and set a $238.00 target price for the company in a research note on Tuesday, September 8th. Barclays dropped their price target on shares of Corning from $180.00 to $129.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 29th. Sanford C. Bernstein initiated coverage on shares of Corning in a report on Wednesday, September 30th. They issued a "market perform" rating and a $140.00 price objective for the company. Bank of America upped their price objective on shares of Corning from $223.00 to $243.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. Finally, Wall Street Zen lowered shares of Corning from a "buy" rating to a "hold" rating in a research note on Monday, August 24th. Twelve 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 stock has an average rating of "Moderate Buy" and an average target price of $174.87.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GLW. Atwood & Palmer Inc. acquired a new stake in Corning in the 2nd quarter valued at $26,000. Rogco LP acquired a new position in Corning during the second quarter worth $27,000. Toth Financial Advisory Corp raised its position in Corning by 130.7% during the third quarter. Toth Financial Advisory Corp now owns 173 shares of the electronics maker's stock worth $27,000 after acquiring an additional 98 shares during the period. Cornerstone Financial Management LLC lifted its holdings in Corning by 63.3% during the second quarter. Cornerstone Financial Management LLC now owns 196 shares of the electronics maker's stock valued at $50,000 after purchasing an additional 76 shares in the last quarter. Finally, First PREMIER Bank purchased a new position in Corning during the second quarter valued at $51,000. 69.80% of the stock is owned by institutional investors and hedge funds.

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.

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