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

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 Down 6.4%

Shares of GLW stock opened at $152.81 on Friday. The company’s fifty day simple moving average is $155.41 and its two-hundred day simple moving average is $168.64. Corning Incorporated has a 52 week low of $77.39 and a 52 week high of $271.78. The stock 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 quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. Corning had a return on equity of 20.09% and a net margin of 11.20%.The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same quarter last year, the business posted $0.60 earnings per share. The business’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. Analysts predict that Corning Incorporated will post 3.28 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, November 13th. This represents a $1.12 annualized dividend and a yield of 0.7%. Corning’s payout ratio is presently 51.14%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GLW. Mizuho cut their price target on Corning from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, September 15th. JPMorgan Chase & Co. decreased their price objective on Corning from $200.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Oppenheimer lowered their target price on Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. China Renaissance raised shares of Corning from a “hold” rating to a “buy” rating and set a $238.00 target price for the company in a report on Tuesday, September 8th. Finally, Citigroup reduced their price target on shares of Corning from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Twelve research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $174.87.

Insider Activity at Corning

In related news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $151.29, for a total value 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. This trade represents a 46.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Corning

A number of large investors have recently made changes to their positions in GLW. Herbst Group LLC purchased a new stake in Corning in the second quarter valued at approximately $4,474,000. Principal Financial Group Inc. raised its stake in Corning by 1.2% during the first quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker’s stock worth $121,483,000 after purchasing an additional 10,591 shares during the period. Wealthfront Advisers LLC boosted its holdings in shares of Corning by 36.2% in the 1st quarter. Wealthfront Advisers LLC now owns 92,425 shares of the electronics maker’s stock valued at $12,567,000 after purchasing an additional 24,589 shares during the last quarter. Silverlake Wealth Management LLC acquired a new position in shares of Corning in the 2nd quarter valued at $1,872,000. Finally, Atlas Wealth LLC grew its stake in shares of Corning by 137.8% during the 1st quarter. Atlas Wealth LLC now owns 12,076 shares of the electronics maker’s stock valued at $1,642,000 after buying an additional 6,998 shares during the period. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning News Roundup

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

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.