Nokia (NYSE:NOK) Sets New 1-Year High – Here’s What Happened

Nokia Corporation (NYSE:NOK)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.98 and last traded at $13.3450, with a volume of 45936782 shares traded. The stock had previously closed at $13.14.

Nokia News Summary

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia Federal Solutions and Lockheed Martin launched a modular, open‑architecture mission‑critical 5G solution for U.S. and allied defense forces — expands Nokia’s addressable market in secure government communications and supports longer-term revenue visibility. Article Title
• Positive Sentiment: Nokia is listed among licensors joining Sisvel’s point‑of‑sale (POS) patent pool for 2G‑5G portfolios — potential recurring licensing revenue and easier monetization of patent assets. Article Title
• Positive Sentiment: Market reacted favorably to Nokia’s divestiture of its consumer Wi‑Fi box business as the company doubles down on AI and infrastructure — signals sharper strategic focus and potential margin improvement. Article Title
• Positive Sentiment: Nokia agreed to sell its Fixed Wireless Access (FWA) device business to Inseego and will take an equity stake; the deal includes a long‑term partnership targeting wireless broadband and future 6G collaboration — reduces hardware exposure while keeping upside via partnership stake. Article Title
• Positive Sentiment: Multiple board members had Nokia shares purchased on their behalf (AGM resolved ~40% of fees paid in shares) — insider share accumulation that aligns management/board with shareholder interests. Article Title
• Positive Sentiment: Unusual options activity: traders bought ~431k call options (≈+311% vs. normal volume), indicating short‑term bullish positioning that can amplify upward price moves.
• Negative Sentiment: Market commentary notes a near-term slowdown after Nokia’s sharp recent rally — profit‑taking and momentum cooling could create short-term volatility and cap further gains. Article Title

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NOK shares. Kepler Capital Markets raised Nokia from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th. Argus upgraded Nokia from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Monday, April 27th. Barclays restated an “underweight” rating on shares of Nokia in a research report on Wednesday, April 29th. Northland Securities set a $13.00 price objective on shares of Nokia in a research note on Monday, April 20th. Finally, Citigroup reiterated a “sell” rating on shares of Nokia in a research note on Friday, January 23rd. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Nokia presently has a consensus rating of “Moderate Buy” and an average target price of $9.71.

Nokia Price Performance

The business has a 50 day simple moving average of $8.94 and a two-hundred day simple moving average of $7.39. The firm has a market capitalization of $78.07 billion, a P/E ratio of 84.91, a price-to-earnings-growth ratio of 2.57 and a beta of 1.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.36 and a current ratio of 1.58.

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 business had revenue of $5.21 billion for the quarter. On average, sell-side analysts expect that Nokia Corporation will post 0.4 EPS for the current fiscal year.

Nokia Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 12th. Investors of record on Tuesday, April 28th will be given a $0.0468 dividend. This represents a $0.19 annualized dividend and a yield of 1.4%. This is a boost from Nokia’s previous quarterly dividend of $0.04. The ex-dividend date is Tuesday, April 28th. Nokia’s dividend payout ratio (DPR) is presently 75.00%.

Hedge Funds Weigh In On Nokia

Several institutional investors have recently modified their holdings of NOK. Amundi bought a new position in Nokia during the first quarter valued at approximately $776,000. AQR Capital Management LLC raised its position in Nokia by 27.5% in the 1st quarter. AQR Capital Management LLC now owns 186,997 shares of the technology company’s stock worth $985,000 after purchasing an additional 40,276 shares during the period. Millennium Management LLC boosted its position in Nokia by 6,539.2% during the first quarter. Millennium Management LLC now owns 2,841,558 shares of the technology company’s stock valued at $14,975,000 after buying an additional 2,798,758 shares during the period. NewEdge Advisors LLC grew its stake in shares of Nokia by 6,204.9% during the first quarter. NewEdge Advisors LLC now owns 60,464 shares of the technology company’s stock valued at $319,000 after buying an additional 59,505 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Nokia by 8.7% in the first quarter. Goldman Sachs Group Inc. now owns 12,550,274 shares of the technology company’s stock worth $66,140,000 after buying an additional 1,002,033 shares during the period. 5.28% of the stock is currently owned by institutional investors.

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.