Manatuck Hill Partners LLC Buys New Shares in Nokia Corporation $NOK

Manatuck Hill Partners LLC bought a new stake in Nokia Corporation (NYSE:NOK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 250,000 shares of the technology company’s stock, valued at approximately $1,618,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its stake in Nokia by 248.7% in the fourth quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock valued at $25,000 after purchasing an additional 2,721 shares during the last quarter. FNY Investment Advisers LLC increased its stake in Nokia by 33,457.1% in the fourth quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock valued at $30,000 after purchasing an additional 4,684 shares during the last quarter. Dorato Capital Management acquired a new position in Nokia in the fourth quarter valued at $31,000. Smithfield Trust Co acquired a new position in Nokia in the fourth quarter valued at $35,000. Finally, Wexford Capital LP acquired a new position in Nokia in the third quarter valued at $29,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

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

Nokia Price Performance

Shares of NYSE NOK opened at $13.82 on Thursday. Nokia Corporation has a 1-year low of $4.00 and a 1-year high of $17.45. The business has a 50-day moving average of $13.04 and a 200-day moving average of $9.20. 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 company has a market capitalization of $79.34 billion, a price-to-earnings ratio of 86.36, a PEG ratio of 2.72 and a beta of 1.15.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on NOK. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nokia in a research note on Friday, May 15th. Northland Securities set a $20.00 target price on Nokia in a research note on Wednesday, June 3rd. Morgan Stanley restated an “overweight” rating on shares of Nokia in a research note on Friday, May 22nd. The Goldman Sachs Group upgraded Nokia from a “sell” rating to a “neutral” rating in a research note on Monday, March 30th. Finally, JPMorgan Chase & Co. upped 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. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Nokia has a consensus rating of “Moderate Buy” and a consensus target price of $12.57.

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.