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

Key Points

• Rep. Maria Elvira Salazar sold Corning shares worth between $1,001 and $15,000 on September 4 from her UBS brokerage account. She also reported selling similarly valued positions in several other major companies on September 24.
• Corning reported stronger-than-expected quarterly results, with $0.78 in earnings per share and $4.74 billion in revenue, up 17.1% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $174.87.
• Corning declared a quarterly dividend of $0.28 per share, equal to a $1.12 annualized payout and an approximate 0.7% yield. The company is benefiting from AI-driven data-center demand, though its elevated valuation and an investor-claims investigation present risks.

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 Price Performance

Shares of GLW stock opened at $152.81 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24. The company has a market capitalization of $131.63 billion, a P/E ratio of 69.78, a P/E/G ratio of 2.08 and a beta of 1.13. The company's 50-day simple moving average is $155.41 and its two-hundred day simple moving average is $168.64. Corning Incorporated has a one year low of $77.39 and a one year high of $271.78.

Corning (NYSE:GLW - Get Free Report) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, topping 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 analyst estimates of $4.63 billion. During the same period last year, the company posted $0.60 earnings per share. 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. As a group, equities analysts anticipate that Corning Incorporated will post 3.28 EPS for the current year.

Corning Dividend Announcement

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 given 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 51.14%.

Analyst Upgrades and Downgrades

GLW has been the topic of several research analyst reports. Sanford C. Bernstein began coverage on Corning in a research note on Wednesday, September 30th. They issued a "market perform" rating and a $140.00 price objective on the stock. Citigroup lowered their target price on Corning from $240.00 to $220.00 and set a "buy" rating for the company in a report on Wednesday, July 29th. Mizuho dropped their price target on Corning from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 15th. Bank of America raised their price target on Corning from $223.00 to $243.00 and gave the company a "buy" rating in a research note on Monday, July 6th. Finally, The Goldman Sachs Group restated an "outperform" rating on shares of Corning in a report on Tuesday, September 15th. Twelve analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Corning presently has a consensus rating of "Moderate Buy" and an average target price of $174.87.

Corning News Summary

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 Trading of Corning

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

Insider Activity at Corning

In related 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 transaction, the executive vice president directly owned 15,052 shares of the company's stock, valued at approximately $2,277,217.08. The trade was a 46.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.

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