Nokia Corporation (NYSE:NOK – Get Free Report) shares fell 6.5% during mid-day trading on Thursday . The stock traded as low as $12.13 and last traded at $12.3330. 126,206,432 shares were traded during mid-day trading, an increase of 96% from the average session volume of 64,238,398 shares. The stock had previously closed at $13.19.
More Nokia News
Here are the key news stories impacting Nokia this week:
- Positive Sentiment: Nokia and Lockheed Martin are rolling out mission?critical, open?architecture 5G for defence and other critical applications — a high?profile commercial validation that supports long?term revenue from private/mission networks. Nokia and Lockheed Martin Roll Out Mission-Critical 5G Technology Nokia and Lockheed launch open-architecture 5G for defence
- Positive Sentiment: Analyst upgrades: Argus upgraded NOK to Buy with a $15 PT and Arete upgraded to Buy (EUR 10.60 PT), signaling growing analyst conviction around hyperscale/data?center exposure and AI tailwinds. These upgrades can support the stock but may already be partially priced in. Nokia (NOK) Upgraded to Buy at Argus Arete Upgrades Nokia (NOK) to Buy
- Positive Sentiment: Optical networking is highlighted as a material growth catalyst from AI/data?center buildouts — analysts expect optical to be a larger share of revenue through 2028, supporting higher multiples if execution continues. Nokia’s Optical Networking Business Is A Solid Investment Catalyst
- Positive Sentiment: Commercial private?wireless win: Nokia and Trilogy NextGen are powering Hybar’s smart steel mill with private wireless, showing traction in industrial IoT/private 5G segments. Trilogy NextGen and Nokia power Hybar’s smart and sustainable steel mill factory with private wireless solutions
- Neutral Sentiment: Macro/theme note: Quantum and other advanced tech ETFs are seeing investor interest, reflecting broader appetite for AI/next?gen infrastructure themes that could benefit suppliers like Nokia indirectly over time. Why to Bet on Quantum Computing ETFs Now
- Neutral Sentiment: Balanced analyst take: Coverage noting NOK’s 162% one?year surge cites 5G, AirScale and O?RAN traction but flags margin pressure and soft end markets — a reminder that execution and margins will determine how much of the rally is sustainable. Nokia Surges 162.2% in the Past Year: Reason to Bet on the Stock?
- Negative Sentiment: UBS issued a Hold on Nokia, underscoring that not all sell?side views are bullish and providing cover for short?term selling or profit?taking following recent gains. Nokia (0HAF) Receives a Hold from UBS
Analyst Ratings Changes
Several analysts have commented on the stock. Bank of America upgraded shares of Nokia from a “neutral” rating to a “buy” rating and set a $12.40 target price on the stock in a report on Monday, April 13th. Morgan Stanley reissued an “overweight” rating on shares of Nokia in a research report on Tuesday, April 28th. Argus raised shares of Nokia from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Monday, April 27th. Northland Securities set a $13.00 target price on shares of Nokia in a research note on Monday, April 20th. Finally, Santander upgraded Nokia from a “neutral” rating to an “outperform” rating in a report on Monday, February 2nd. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.71.
Nokia Stock Performance
The firm has a market capitalization of $70.82 billion, a price-to-earnings ratio of 77.09, a P/E/G ratio of 2.60 and a beta of 1.12. The stock’s fifty day moving average is $9.16 and its two-hundred day moving average is $7.49. The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 0.11.
Nokia (NYSE:NOK – Get Free Report) last issued its earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share for the quarter. The business had revenue of $5.21 billion for the quarter. Nokia had a net margin of 4.02% and a return on equity of 9.22%. On average, analysts predict that Nokia Corporation will post 0.4 earnings per share for the current year.
Nokia Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 12th. Investors of record on Tuesday, April 28th will be issued a dividend of $0.0468 per share. The ex-dividend date is Tuesday, April 28th. This is a positive change from Nokia’s previous quarterly dividend of $0.04. This represents a $0.19 dividend on an annualized basis and a yield of 1.5%. Nokia’s dividend payout ratio is presently 81.25%.
Hedge Funds Weigh In On Nokia
A number of institutional investors have recently added to or reduced their stakes in NOK. Amundi bought a new stake in Nokia in the 1st quarter valued at $776,000. AQR Capital Management LLC increased its holdings in shares of Nokia by 27.5% in the first quarter. AQR Capital Management LLC now owns 186,997 shares of the technology company’s stock valued at $985,000 after purchasing an additional 40,276 shares during the last quarter. Millennium Management LLC raised its position in shares of Nokia by 6,539.2% in the first quarter. Millennium Management LLC now owns 2,841,558 shares of the technology company’s stock valued at $14,975,000 after purchasing an additional 2,798,758 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Nokia by 6,204.9% during the 1st quarter. NewEdge Advisors LLC now owns 60,464 shares of the technology company’s stock worth $319,000 after buying an additional 59,505 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Nokia by 8.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,550,274 shares of the technology company’s stock worth $66,140,000 after buying an additional 1,002,033 shares during the last quarter. 5.28% of the stock is currently owned by institutional investors and hedge funds.
Nokia Company Profile
Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel?Lucent in 2016, which brought Bell Labs into its portfolio.
Today Nokia’s core activities center on designing, building and supporting communications networks and related software.
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