TrueMark Investments LLC Raises Holdings in Nokia Corporation $NOK

TrueMark Investments LLC lifted its position in Nokia Corporation (NYSE:NOK) by 14.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 394,270 shares of the technology company’s stock after purchasing an additional 48,510 shares during the quarter. TrueMark Investments LLC’s holdings in Nokia were worth $3,170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NOK. Analog Century Management LP purchased a new position in Nokia during the 4th quarter valued at approximately $104,244,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Nokia by 50.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 43,424,695 shares of the technology company’s stock worth $208,873,000 after acquiring an additional 14,482,665 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Nokia by 14.5% during the 4th quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company’s stock valued at $594,868,000 after acquiring an additional 11,612,590 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings 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 purchasing an additional 11,035,002 shares in the last quarter. Finally, Defiance ETFs LLC bought a new stake in Nokia in the fourth quarter worth $57,801,000. 5.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NOK has been the subject of several research reports. Argus upgraded shares of Nokia from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nokia in a research report on Friday, May 15th. The Goldman Sachs Group raised shares of Nokia from a “sell” rating to a “neutral” rating in a report on Monday, March 30th. Wall Street Zen cut Nokia from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Nokia in a research report on Friday, May 22nd. Twelve investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.57.

Nokia Trading Up 0.8%

NOK opened at $13.81 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.57. The stock’s 50 day moving average price is $13.47 and its 200-day moving average price is $9.47. Nokia Corporation has a one year low of $4.00 and a one year high of $17.45. The stock has a market cap of $79.30 billion, a price-to-earnings ratio of 86.32, a P/E/G ratio of 2.66 and a beta of 1.15.

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

Key Nokia News

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia expanded its collaboration with AWS to help telecom operators build autonomous networks using AI and cloud services, which could strengthen its long-term software and networking revenue opportunity. Nokia, Amazon Web Services expand collaboration to deliver autonomous networks built for the AI era
• Positive Sentiment: Nokia and Databricks completed a proof of concept for a unified data platform for autonomous networks, reinforcing the company’s AI infrastructure strategy and suggesting its tools may scale across operators without major code rewrites. Nokia, Databricks demonstrate unified data platform for autonomous networks
• Positive Sentiment: Coverage around Nokia’s AI push and a reported Trump endorsement of its Pennsylvania semiconductor expansion added to the bullish narrative for the stock. NOK Stock Rises Pre-Market: Trump Endorsement Adds Fuel To AI Growth Push For Nokia
• Neutral Sentiment: Nokia also announced upgraded agentic AI capabilities across its autonomous networks portfolio, including new frameworks for radio, IP, fixed broadband, and optical networks; investors are likely viewing this as strategic, but the near-term financial impact is still unclear. Nokia advances autonomous networks portfolio with upgraded agentic AI capabilities #DTW26

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.