Nokia (NYSE:NOK) Trading Up 4.1% – What’s Next?

Nokia Corporation (NYSE:NOK) rose 4.1% on Thursday . The company traded as high as $14.22 and last traded at $14.1760. Approximately 62,825,336 shares changed hands during trading, a decline of 8% from the average daily volume of 68,565,273 shares. The stock had previously closed at $13.62.

Nokia News Summary

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia won a U.K. Court of Appeal ruling that blocks Acer and Asus from pursuing London video patent lawsuits, removing a legal overhang and reinforcing Nokia’s patent licensing position. Nokia (NOK) Wins UK Appeal Blocking Acer and Asus Video Patent Lawsuits
• Positive Sentiment: Nokia launched an AI Networking Innovation Lab to accelerate AI-native data center infrastructure, signaling a bigger push into a fast-growing market and strengthening its growth narrative. Nokia launches AI networking lab to drive co-innovation with partners and accelerate next era of AI-native data center networking
• Positive Sentiment: Coverage highlighted Nokia as a momentum stock and noted growing investor enthusiasm around its AI infrastructure strategy, which may be helping keep sentiment strong. Here’s Why Nokia (NOK) is a Strong Momentum Stock
• Neutral Sentiment: Additional articles reiterated Nokia’s AI networking ambitions and its role in next-generation data center technology, reinforcing the same bullish theme rather than adding a new catalyst. Nokia wants to invent the future of AI networking tech

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NOK shares. Argus upgraded Nokia from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Monday, April 27th. Arete Research raised shares of Nokia from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. Barclays reissued an “underweight” rating on shares of Nokia in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nokia in a report on Friday, May 15th. Finally, Northland Securities set a $13.00 target price on Nokia in a report on Monday, April 20th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.71.

Nokia Trading Up 9.1%

The company’s 50-day moving average is $10.60 and its 200-day moving average is $8.11. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.36 and a current ratio of 1.58. The firm has a market cap of $88.82 billion, a price-to-earnings ratio of 96.67, a P/E/G ratio of 2.75 and a beta of 1.12.

Nokia (NYSE:NOK) last announced its earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share for the quarter. Nokia had a net margin of 4.02% and a return on equity of 9.22%. The company had revenue of $5.21 billion during the quarter. On average, research analysts predict that Nokia Corporation will post 0.4 earnings per share for the current year.

Nokia Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Tuesday, April 28th were issued a dividend of $0.0468 per share. The ex-dividend date of this dividend was Tuesday, April 28th. This represents a $0.19 annualized dividend and a yield of 1.2%. This is a positive change from Nokia’s previous quarterly dividend of $0.04. Nokia’s dividend payout ratio (DPR) is currently 81.25%.

Institutional Investors Weigh In On Nokia

Several hedge funds and other institutional investors have recently made changes to their positions in the company. J2 Capital Management Inc boosted its holdings in Nokia by 2.0% in the first quarter. J2 Capital Management Inc now owns 68,204 shares of the technology company’s stock valued at $548,000 after acquiring an additional 1,319 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Nokia by 6.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,426 shares of the technology company’s stock worth $145,000 after buying an additional 1,450 shares during the period. Kathmere Capital Management LLC lifted its holdings in Nokia by 14.0% in the first quarter. Kathmere Capital Management LLC now owns 12,081 shares of the technology company’s stock valued at $97,000 after buying an additional 1,483 shares during the period. Xponance LLC boosted its stake 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 acquiring an additional 1,567 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in Nokia by 12.1% during the 1st quarter. Assetmark Inc. now owns 14,704 shares of the technology company’s stock worth $118,000 after acquiring an additional 1,591 shares during the period. 5.28% of the stock is owned by institutional investors and hedge funds.

Nokia Company 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.