Opal Capital LLC bought a new stake in Nokia Corporation (NYSE:NOK – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 345,886 shares of the technology company’s stock, valued at approximately $2,238,000.
Several other hedge funds have also recently made changes to their positions in the company. MML Investors Services LLC raised its stake in shares of Nokia by 20.6% in the fourth quarter. MML Investors Services LLC now owns 165,340 shares of the technology company’s stock valued at $1,070,000 after buying an additional 28,293 shares during the period. Marathon Trading Investment Management LLC bought a new stake in shares of Nokia in the fourth quarter valued at $65,000. Mariner LLC raised its stake in shares of Nokia by 44.7% in the fourth quarter. Mariner LLC now owns 293,443 shares of the technology company’s stock valued at $1,899,000 after buying an additional 90,710 shares during the period. Barclays PLC bought a new stake in shares of Nokia in the fourth quarter valued at $40,000. Finally, 17 Capital Partners LLC bought a new stake in shares of Nokia in the fourth quarter valued at $103,000. 5.28% of the stock is currently owned by institutional investors.
More Nokia News
Here are the key news stories impacting Nokia this week:
- Positive Sentiment: Nokia announced a $30 million expansion of its Pennsylvania advanced semiconductor test and packaging operations, a move aimed at supporting AI infrastructure and photonic chip production. The project is expected to add hundreds of jobs and could strengthen Nokia’s U.S. manufacturing footprint, which may improve long-term growth prospects. Article Title
- Positive Sentiment: Local coverage highlighted the expansion as a meaningful economic win for Lehigh County, with job creation estimates ranging from 250 to 500 positions. The headlines around increased U.S. investment and AI-related manufacturing could be supporting sentiment around Nokia’s strategic positioning. Article Title
- Positive Sentiment: Analyst-style commentary and recent coverage also pointed to Nokia’s AI framework and 6G ambitions as potential competitive advantages, reinforcing the idea that the company is trying to expand beyond traditional telecom equipment into higher-growth areas. Article Title
- Neutral Sentiment: Additional local articles focused on Gov. Josh Shapiro’s visit and the broader regional investment story, which may help brand visibility but are less likely to affect near-term financial results. Article Title
- Negative Sentiment: Despite the upbeat expansion news, recent market commentary suggests Nokia’s sharp year-to-date rally has left the stock vulnerable to profit-taking, with investors questioning whether the valuation already reflects much of the good news. Article Title
Nokia Price Performance
Nokia (NYSE:NOK – Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share for the quarter. The company had revenue of $5.21 billion during the quarter. Nokia had a return on equity of 9.05% and a net margin of 4.02%. Equities research analysts anticipate that Nokia Corporation will post 0.4 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages have recently weighed in on NOK. Nordea Equity Research upgraded Nokia from a “hold” rating to a “buy” rating in a research report on Friday, April 24th. Northland Securities set a $20.00 price target on Nokia in a research report on Wednesday, June 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Nokia in a research report on Tuesday, June 9th. Wall Street Zen cut Nokia from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Nokia in a research report on Friday, May 22nd. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.57.
Check Out Our Latest Stock Analysis on NOK
About Nokia
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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