Rep. Maria Elvira Salazar Sells Shares of Corning Incorporated (NYSE:GLW)

Posted by John Perry on Oct 9th, 2026

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 Trading Down 6.4%

Corning 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 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. 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 business has a 50-day simple moving average of $155.41 and a two-hundred day simple moving average of $168.64.

Corning (NYSE:GLW – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. The firm’s revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. 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 year.

Corning Dividend Announcement

The company also recently announced 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 dividend payout ratio (DPR) is presently 51.14%.

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

Hedge Funds Weigh In On Corning

A number of institutional investors and hedge funds have recently modified their holdings of GLW. First Heartland Consultants Inc. raised its holdings in Corning by 23.0% during the 3rd quarter. First Heartland Consultants Inc. now owns 1,542 shares of the electronics maker’s stock valued at $237,000 after buying an additional 288 shares during the period. GAMMA Investing LLC increased its position in Corning by 7.3% during the third quarter. GAMMA Investing LLC now owns 21,906 shares of the electronics maker’s stock valued at $3,368,000 after acquiring an additional 1,484 shares during the last quarter. Grove Bank & Trust raised its stake in shares of Corning by 2.4% in the third quarter. Grove Bank & Trust now owns 4,261 shares of the electronics maker’s stock valued at $655,000 after acquiring an additional 100 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Corning by 12.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 77,238 shares of the electronics maker’s stock worth $11,876,000 after acquiring an additional 8,570 shares during the last quarter. Finally, Sapient Capital LLC boosted its stake in shares of Corning by 8.2% during the 3rd quarter. Sapient Capital LLC now owns 5,543 shares of the electronics maker’s stock worth $852,000 after purchasing an additional 422 shares during the period. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several brokerages recently weighed in on GLW. Weiss Ratings downgraded shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. UBS Group raised their price target on Corning from $196.00 to $201.00 and gave the company a “buy” rating in a report on Monday. Citigroup reduced their price objective on Corning from $240.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Morgan Stanley decreased their price objective on Corning from $180.00 to $165.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Finally, 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. Twelve equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.87.

View Our Latest Stock Report on GLW

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

(Get Free Report)

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.