TD Waterhouse Canada Inc. Sells 46,503 Shares of Nokia Corporation $NOK

TD Waterhouse Canada Inc. reduced its position in shares of Nokia Corporation (NYSE:NOK) by 44.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,872 shares of the technology company’s stock after selling 46,503 shares during the period. TD Waterhouse Canada Inc.’s holdings in Nokia were worth $760,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NOK. J2 Capital Management Inc grew its stake in shares of Nokia by 2.0% during the 1st quarter. J2 Capital Management Inc now owns 68,204 shares of the technology company’s stock worth $548,000 after acquiring an additional 1,319 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Nokia by 6.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,426 shares of the technology company’s stock worth $145,000 after purchasing an additional 1,450 shares in the last quarter. Kathmere Capital Management LLC boosted its holdings in Nokia by 14.0% during the first quarter. Kathmere Capital Management LLC now owns 12,081 shares of the technology company’s stock worth $97,000 after purchasing an additional 1,483 shares during the last quarter. Xponance LLC grew its position in Nokia by 13.0% in the fourth quarter. Xponance LLC now owns 13,590 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,567 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Nokia by 12.1% in the 1st quarter. Assetmark Inc. now owns 14,704 shares of the technology company’s stock valued at $118,000 after buying an additional 1,591 shares during the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia News Roundup

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Google’s planned €13 billion investment in Finnish artificial-intelligence infrastructure is a potential tailwind for Nokia because it could increase demand for high-capacity networks, cloud connectivity and AI-related telecom systems in Finland. Nokia welcomed the commitment, though the announcement does not identify a direct contract or revenue benefit for the company. Nokia welcomes Google’s €13 billion commitment to Finnish AI
• Positive Sentiment: Nokia and SoftBank demonstrated a passive optical networking system designed to support multiple optical technologies, highlighting potential opportunities in broadband capacity and network flexibility. A demonstration is not the same as a commercial order, but it reinforces Nokia’s position in next-generation network infrastructure. Softbank, Nokia demo passive optical network
• Positive Sentiment: Nokia launched a global Mobile Core Early Access program that lets telecom operators test new mobile-core capabilities and AI-era use cases in a hosted environment. The initiative could help accelerate customer adoption of Nokia software and create longer-term opportunities in network automation and monetization. Nokia launches industry-first initiative to help operators accelerate network innovation
• Positive Sentiment: Nokia opened an R&D center in Riyadh focused on AI-powered network automation, supporting Saudi Arabia’s Vision 2030. The facility may strengthen Nokia’s regional relationships and exposure to telecom modernization spending. Nokia opens Riyadh R&D centre
• Positive Sentiment: Technical analysis says NOK broke out of a falling channel, established a higher swing low and reclaimed key moving averages. The forecast identifies possible upside targets of $12.30 to $13.98, supporting near-term bullish momentum, but it is not a fundamental earnings forecast. Nokia Price Forecast: Breakout Signals Second Leg Higher
• Neutral Sentiment: Nokia transferred 687,145 company-held shares to participants in its equity-incentive plans. The transaction is routine and has limited immediate earnings significance, though it modestly increases shares in employee hands. Changes in Nokia Corporation’s own shares
• Negative Sentiment: Reports that Nokia is planning sweeping Bell Labs job cuts have raised concerns about reduced research capacity and the potential impact on long-term innovation, particularly as the company promotes AI and advanced networking. Nokia plans sweeping Bell Labs cuts
• Negative Sentiment: Commentary questioning whether Nokia’s earlier rally was supported by business fundamentals highlights valuation and execution risk. The stock remains well below its summer peak, and uncertainty surrounding the China retreat could limit confidence in the recovery. Beyond the China Retreat: Whether Nokia’s Surge Was Built on Substance

Nokia Stock Up 1.0%

NOK opened at $10.76 on Thursday. The stock’s fifty day simple moving average is $10.35 and its 200 day simple moving average is $11.01. Nokia Corporation has a 1-year low of $4.48 and a 1-year high of $17.45. The stock has a market cap of $61.77 billion, a PE ratio of 76.84, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21. The company has a current ratio of 1.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.09.

Nokia (NYSE:NOK) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $5.50 billion during the quarter, compared to analysts’ expectations of $5.57 billion. Nokia had a net margin of 3.49% and a return on equity of 9.83%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 earnings per share. As a group, research analysts expect that Nokia Corporation will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nokia in a research note on Friday, May 15th. Danske raised Nokia from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Northland Securities set a $20.00 price target on Nokia in a research report on Wednesday, June 3rd. Morgan Stanley reissued an “overweight” rating on shares of Nokia in a report on Friday, May 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Nokia from $14.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Twelve equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.83.

Nokia Profile

Nokia Corporation is a Finland-based technology company that provides communications and networking equipment, software, and related services to telecommunications operators, enterprises, governments, and other organizations worldwide. Its offerings support the design, deployment, management, and modernization of fixed and mobile communications networks.

The company’s business includes mobile network infrastructure, radio access networks, core networks, cloud networking, broadband access, optical networking, IP routing, data-center networking, and network automation.