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 24th. The trade occurred in the Representative’s “UBS IRA 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 NYSE:GLW opened at $152.81 on Friday. 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 firm has a market cap 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. Corning Incorporated has a 12 month low of $77.39 and a 12 month high of $271.78. The company’s 50-day moving average price is $155.41 and its two-hundred day moving average price is $168.64.
Corning Dividend Announcement
The firm 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 $0.28 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. Corning’s payout ratio is currently 51.14%.
Analysts Set New Price Targets
GLW has been the topic of several recent analyst reports. Oppenheimer reduced their target price on Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Weiss Ratings downgraded shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Mizuho reduced their price target on shares of Corning from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, September 15th. UBS Group lifted their price target on Corning from $196.00 to $201.00 and gave the company a “buy” rating in a research note on Monday. Finally, Bank of America increased their price objective on shares of Corning from $223.00 to $243.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Twelve research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.87.
Check Out Our Latest Stock Analysis on Corning
Hedge Funds Weigh In On Corning
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Atwood & Palmer Inc. bought a new stake in Corning during the second quarter worth $26,000. Rogco LP bought a new stake in shares of Corning during the 2nd quarter worth $27,000. Toth Financial Advisory Corp boosted its stake in Corning by 130.7% in the third quarter. Toth Financial Advisory Corp now owns 173 shares of the electronics maker’s stock valued at $27,000 after buying an additional 98 shares in the last quarter. Cornerstone Financial Management LLC grew its position in Corning by 63.3% in the second quarter. Cornerstone Financial Management LLC now owns 196 shares of the electronics maker’s stock valued at $50,000 after acquiring an additional 76 shares during the last quarter. Finally, First PREMIER Bank bought a new position in shares of Corning in the second quarter worth about $51,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Corning
In related 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 value of $1,981,899.00. Following the completion of the transaction, the executive vice president owned 15,052 shares of the company’s stock, valued at $2,277,217.08. This represents a 46.53% decrease in their position. The sale 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 corporate insiders.
Corning News Summary
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.
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