Alight Capital Management LP lessened its position in Nokia Corporation (NYSE:NOK – Free Report) by 95.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 100,000 shares of the technology company’s stock after selling 1,900,000 shares during the quarter. Alight Capital Management LP’s holdings in Nokia were worth $647,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of NOK. Amundi acquired a new position in Nokia in the 1st quarter worth about $776,000. AQR Capital Management LLC increased its holdings in Nokia by 27.5% in the 1st quarter. AQR Capital Management LLC now owns 186,997 shares of the technology company’s stock worth $985,000 after purchasing an additional 40,276 shares in the last quarter. Millennium Management LLC increased its holdings in Nokia by 6,539.2% in the 1st quarter. Millennium Management LLC now owns 2,841,558 shares of the technology company’s stock worth $14,975,000 after purchasing an additional 2,798,758 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Nokia by 6,204.9% in the 1st quarter. NewEdge Advisors LLC now owns 60,464 shares of the technology company’s stock worth $319,000 after purchasing an additional 59,505 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Nokia by 8.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,550,274 shares of the technology company’s stock valued at $66,140,000 after buying an additional 1,002,033 shares during the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.
Nokia Stock Down 1.2%
Shares of Nokia stock opened at $13.82 on Thursday. Nokia Corporation has a one year low of $4.00 and a one year high of $17.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.57 and a quick ratio of 1.32. The stock’s 50-day moving average is $13.04 and its 200 day moving average is $9.20. The firm has a market cap of $79.34 billion, a price-to-earnings ratio of 86.36, a PEG ratio of 2.72 and a beta of 1.15.
Key Nokia News
Here are the key news stories impacting Nokia this week:
- Positive Sentiment: Nokia said it will invest $30 million to expand its Pennsylvania advanced test and packaging facility, a move tied to rising AI demand and increased production of photonic chips used in AI-native networks. Article Title
- Positive Sentiment: The expansion is expected to create about 250 advanced manufacturing jobs and strengthen Nokia’s U.S.-based supply chain for critical optical networking technologies, which could support future revenue growth. Article Title
- Positive Sentiment: Analysts and industry coverage frame the investment as a strategic response to AI infrastructure demand, potentially improving Nokia’s position in high-growth networking and semiconductor-adjacent markets. Article Title
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Barclays reissued an “underweight” rating on shares of Nokia in a research note on Wednesday, April 29th. Northland Securities set a $20.00 price target on Nokia in a research note on Wednesday, June 3rd. Nordea Equity Research raised Nokia from a “hold” rating to a “buy” rating in a research note on Friday, April 24th. Wall Street Zen cut Nokia from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Arete Research raised Nokia from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 29th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Nokia has an average rating of “Moderate Buy” and an average price target of $12.57.
Nokia 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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