TrueMark Investments LLC Grows Stock Holdings in Nokia Corporation $NOK

TrueMark Investments LLC grew its stake in Nokia Corporation (NYSE:NOK) by 14.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,270 shares of the technology company’s stock after acquiring an additional 48,510 shares during the period. TrueMark Investments LLC’s holdings in Nokia were worth $3,170,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Analog Century Management LP bought a new stake in Nokia during the 4th quarter valued at $104,244,000. QRG Capital Management Inc. raised its position in shares of Nokia by 34.6% in the 4th quarter. QRG Capital Management Inc. now owns 539,926 shares of the technology company’s stock worth $3,493,000 after acquiring an additional 138,935 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Nokia in the 3rd quarter worth $4,595,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Nokia during the 3rd quarter worth $11,910,000. Finally, Pzena Investment Management LLC boosted its position in Nokia by 14.5% during the fourth quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company’s stock valued at $594,868,000 after purchasing an additional 11,612,590 shares in the last quarter. 5.28% of the stock is owned by hedge funds and other institutional investors.

More Nokia News

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia expanded its collaboration with AWS to help telecom operators build autonomous networks using AI and cloud services, which could strengthen its long-term software and networking revenue opportunity. Nokia, Amazon Web Services expand collaboration to deliver autonomous networks built for the AI era
• Positive Sentiment: Nokia and Databricks completed a proof of concept for a unified data platform for autonomous networks, reinforcing the company’s AI infrastructure strategy and suggesting its tools may scale across operators without major code rewrites. Nokia, Databricks demonstrate unified data platform for autonomous networks
• Positive Sentiment: Coverage around Nokia’s AI push and a reported Trump endorsement of its Pennsylvania semiconductor expansion added to the bullish narrative for the stock. NOK Stock Rises Pre-Market: Trump Endorsement Adds Fuel To AI Growth Push For Nokia
• Neutral Sentiment: Nokia also announced upgraded agentic AI capabilities across its autonomous networks portfolio, including new frameworks for radio, IP, fixed broadband, and optical networks; investors are likely viewing this as strategic, but the near-term financial impact is still unclear. Nokia advances autonomous networks portfolio with upgraded agentic AI capabilities #DTW26

Nokia Price Performance

NYSE NOK opened at $13.81 on Thursday. The company has a market cap of $79.30 billion, a price-to-earnings ratio of 86.32, a PEG ratio of 2.66 and a beta of 1.15. 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 stock’s fifty day moving average price is $13.47 and its 200 day moving average price is $9.47. Nokia Corporation has a 1 year low of $4.00 and a 1 year high of $17.45.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Nordea Equity Research upgraded Nokia from a “hold” rating to a “buy” rating in a research note on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Nokia in a research report on Tuesday, June 9th. Northland Securities set a $20.00 price objective on shares of Nokia in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Nokia from $14.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Finally, Arete Research raised shares of Nokia from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 29th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Nokia has a consensus rating of “Moderate Buy” and a consensus target price of $12.57.

Nokia 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.