Corning (NYSE:GLW) Shares Acquired Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Corning Incorporated NYSE: GLW. In a filing disclosed on June 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Corning stock on May 28th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/26/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/25/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/25/2025.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 6/24/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/20/2025.
• Purchased $1,001 - $15,000 in shares of Cloudflare NYSE: NET on 6/20/2025.
• Purchased $1,001 - $15,000 in shares of Carvana NYSE: CVNA on 6/20/2025.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 6/20/2025.

Corning Price Performance

Shares of GLW traded up $0.15 on Tuesday, hitting $54.05. The company's stock had a trading volume of 2,651,143 shares, compared to its average volume of 5,253,262. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.69 and a quick ratio of 1.05. The company has a market capitalization of $46.29 billion, a PE ratio of 103.93, a PEG ratio of 1.46 and a beta of 1.11. Corning Incorporated has a fifty-two week low of $37.18 and a fifty-two week high of $55.33. The company has a 50 day moving average price of $50.70 and a 200 day moving average price of $48.47.

Corning (NYSE:GLW - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The electronics maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Corning had a net margin of 3.34% and a return on equity of 16.47%. The firm had revenue of $3.68 billion during the quarter, compared to analysts' expectations of $3.63 billion. During the same quarter last year, the company posted $0.38 EPS. The company's quarterly revenue was up 12.9% compared to the same quarter last year. On average, research analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Friday, August 29th. Corning's payout ratio is currently 215.38%.

Institutional Trading of Corning

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLW. Forte Capital LLC ADV grew its stake in shares of Corning by 2.4% during the 2nd quarter. Forte Capital LLC ADV now owns 7,973 shares of the electronics maker's stock valued at $419,000 after acquiring an additional 190 shares during the period. Smith Salley Wealth Management grew its stake in shares of Corning by 3.3% during the 2nd quarter. Smith Salley Wealth Management now owns 6,280 shares of the electronics maker's stock valued at $330,000 after acquiring an additional 200 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Corning by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 66,063 shares of the electronics maker's stock valued at $3,139,000 after acquiring an additional 204 shares during the period. Leigh Baldwin & CO. LLC grew its stake in shares of Corning by 1.7% during the 1st quarter. Leigh Baldwin & CO. LLC now owns 12,513 shares of the electronics maker's stock valued at $573,000 after acquiring an additional 210 shares during the period. Finally, Principal Securities Inc. grew its stake in shares of Corning by 3.5% during the 4th quarter. Principal Securities Inc. now owns 6,170 shares of the electronics maker's stock valued at $293,000 after acquiring an additional 211 shares during the period. Institutional investors and hedge funds own 69.80% of the company's stock.

Insider Activity at Corning

In related news, SVP Soumya Seetharam sold 14,313 shares of Corning stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $50.01, for a total transaction of $715,793.13. Following the sale, the senior vice president owned 31,505 shares of the company's stock, valued at approximately $1,575,565.05. This trade represents a 31.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John Z. Zhang sold 8,000 shares of Corning stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $46.91, for a total value of $375,280.00. Following the sale, the vice president directly owned 9,610 shares in the company, valued at $450,805.10. This trade represents a 45.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,796 shares of company stock worth $3,632,635 in the last quarter. 0.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GLW has been the subject of several analyst reports. Citigroup boosted their target price on Corning from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. raised their price target on Corning from $52.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Mizuho set a $59.00 price target on Corning and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Wolfe Research started coverage on Corning in a research report on Tuesday, July 8th. They set an "outperform" rating on the stock. Finally, UBS Group raised their price target on Corning from $54.00 to $57.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Corning has an average rating of "Moderate Buy" and an average target price of $57.45.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

Corning Company Profile

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.