Nokia Corporation $NOK Stock Position Increased by Signaturefd LLC

Signaturefd LLC boosted its position in Nokia Corporation (NYSE:NOK) by 4.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 125,880 shares of the technology company’s stock after purchasing an additional 5,758 shares during the quarter. Signaturefd LLC’s holdings in Nokia were worth $652,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NOK. Mackenzie Financial Corp bought a new stake in shares of Nokia during the 4th quarter worth about $712,000. Wellington Management Group LLP bought a new stake in shares of Nokia during the 4th quarter worth about $2,321,000. GAMMA Investing LLC raised its position in shares of Nokia by 617.2% during the 1st quarter. GAMMA Investing LLC now owns 96,452 shares of the technology company’s stock worth $508,000 after buying an additional 83,003 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Nokia by 11.0% during the 1st quarter. Parallel Advisors LLC now owns 25,781 shares of the technology company’s stock worth $136,000 after buying an additional 2,556 shares in the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of Nokia during the 1st quarter worth about $54,000. 5.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on NOK. BNP Paribas Exane upgraded shares of Nokia from a “neutral” rating to an “outperform” rating and set a $5.00 price target on the stock in a research report on Wednesday, September 3rd. BNP Paribas upgraded shares of Nokia from a “hold” rating to an “outperform” rating and set a $5.00 price target on the stock in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Nokia from $6.50 to $6.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 29th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5.52.

Nokia Stock Up 0.9%

NYSE NOK opened at $4.70 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.46 and a quick ratio of 1.21. The company’s 50 day simple moving average is $4.38 and its 200 day simple moving average is $4.88. Nokia Corporation has a 12 month low of $3.91 and a 12 month high of $5.48. The company has a market capitalization of $25.29 billion, a P/E ratio of 23.50 and a beta of 0.90.

Nokia (NYSE:NOK) last released its earnings results on Thursday, July 24th. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $4.82 billion. Nokia had a return on equity of 8.36% and a net margin of 5.30%.The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Equities research analysts expect that Nokia Corporation will post 0.34 earnings per share for the current fiscal year.

Nokia Company Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.