Nokia (NYSE:NOK) Reaches New 1-Year High – What’s Next?

Nokia Corporation (NYSE:NOK) hit a new 52-week high on Monday . The stock traded as high as $13.99 and last traded at $13.94, with a volume of 103580789 shares. The stock had previously closed at $12.82.

Nokia News Summary

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia introduced agentic AI features designed to self-heal networks, automate troubleshooting, and improve broadband efficiency, which could open a new growth avenue. Why Nokia Stock Jumped 12% Today
• Positive Sentiment: Nokia won a UK appeal that helps block Acer and Asus video-streaming patent lawsuits, reducing legal overhang in a global licensing dispute. Nokia wins UK appeal to block Acer, Asus video streaming patent lawsuits
• Positive Sentiment: Nokia named Siemens veteran Emma Falck to lead Mobile Infrastructure, a move that could support execution and operational performance. Nokia appoints Emma Falck as President of Mobile Infrastructure and member of the Group Leadership Team

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Arete Research upgraded Nokia from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. Santander raised Nokia from a “neutral” rating to an “outperform” rating in a research report on Monday, February 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Nokia in a research report on Tuesday, April 28th. Barclays reaffirmed an “underweight” rating on shares of Nokia in a research report on Wednesday, April 29th. Finally, Danske cut Nokia from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Nokia currently has an average rating of “Moderate Buy” and an average price target of $9.71.

Nokia Trading Up 11.7%

The firm has a market capitalization of $84.45 billion, a price-to-earnings ratio of 91.92, a PEG ratio of 2.55 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. The company has a 50-day moving average price of $9.73 and a 200-day moving average price of $7.76.

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

Nokia Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Tuesday, April 28th were given a $0.0468 dividend. This is a boost from Nokia’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, April 28th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.3%. Nokia’s payout ratio is currently 81.25%.

Institutional Trading of Nokia

Large investors have recently made changes to their positions in the company. Fifth Third Bancorp boosted its position in shares of Nokia by 248.7% in the 4th 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 period. Wexford Capital LP acquired a new stake in shares of Nokia in the 3rd quarter valued at about $29,000. FNY Investment Advisers LLC boosted its position in shares of Nokia by 33,457.1% in the 4th 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 period. Dorato Capital Management acquired a new stake in Nokia during the 4th quarter worth approximately $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Nokia during the 3rd quarter worth approximately $34,000. 5.28% of the stock is owned by institutional investors and hedge funds.

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.