Ardsley Advisory Partners LP Boosts Stock Position in Nokia Corporation $NOK

Ardsley Advisory Partners LP grew its holdings in Nokia Corporation (NYSE:NOKFree Report) by 67.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 560,000 shares of the technology company’s stock after acquiring an additional 225,094 shares during the quarter. Ardsley Advisory Partners LP’s holdings in Nokia were worth $3,667,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Pzena Investment Management LLC increased its position in shares of Nokia by 14.5% in the fourth quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company’s stock valued at $594,868,000 after buying an additional 11,612,590 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Nokia by 9.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,321,058 shares of the technology company’s stock valued at $306,167,000 after buying an additional 3,896,363 shares in the last quarter. Alyeska Investment Group L.P. increased its position in shares of Nokia by 171.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company’s stock valued at $113,161,000 after buying an additional 11,035,002 shares in the last quarter. Analog Century Management LP purchased a new stake in shares of Nokia in the fourth quarter valued at approximately $104,244,000. Finally, Thrivent Financial for Lutherans increased its position in shares of Nokia by 14.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,489,705 shares of the technology company’s stock valued at $93,749,000 after buying an additional 1,834,562 shares in the last quarter. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

More 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

Analyst Upgrades and Downgrades

NOK has been the subject of a number of recent analyst reports. Bank of America upgraded Nokia from a “neutral” rating to a “buy” rating and set a $12.40 price objective for the company in a research report on Monday, April 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Nokia in a research note on Friday, May 22nd. JPMorgan Chase & Co. lifted their price target on Nokia from $14.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nokia in a research note on Friday, May 15th. Finally, Danske lowered Nokia from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Nokia presently has an average rating of “Moderate Buy” and a consensus price target of $12.57.

Read Our Latest Stock Report on NOK

Nokia Stock Performance

Shares of NYSE:NOK opened at $13.82 on Thursday. 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 business’s 50 day moving average price is $13.04 and its 200-day moving average price is $9.20. The firm has a market capitalization of $79.34 billion, a PE ratio of 86.36, a P/E/G ratio of 2.72 and a beta of 1.15. Nokia Corporation has a 1 year low of $4.00 and a 1 year high of $17.45.

Nokia (NYSE:NOKGet Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $5.21 billion for the quarter. Nokia had a return on equity of 9.05% and a net margin of 4.02%. As a group, equities research analysts expect that Nokia Corporation will post 0.4 earnings per share for the current fiscal year.

About Nokia

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NOK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nokia Corporation (NYSE:NOKFree Report).

Institutional Ownership by Quarter for Nokia (NYSE:NOK)

Receive News & Ratings for Nokia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia and related companies with MarketBeat.com's FREE daily email newsletter.