TD Waterhouse Canada Inc. Has $760,000 Position in Nokia Corporation $NOK

TD Waterhouse Canada Inc. cut its position in Nokia Corporation (NYSE:NOK) by 44.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,872 shares of the technology company’s stock after selling 46,503 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Nokia were worth $760,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. J2 Capital Management Inc lifted its holdings in shares of Nokia by 2.0% during the first quarter. J2 Capital Management Inc now owns 68,204 shares of the technology company’s stock worth $548,000 after buying an additional 1,319 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Nokia by 6.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,426 shares of the technology company’s stock valued at $145,000 after acquiring an additional 1,450 shares in the last quarter. Kathmere Capital Management LLC increased its position in Nokia by 14.0% during the first quarter. Kathmere Capital Management LLC now owns 12,081 shares of the technology company’s stock worth $97,000 after acquiring an additional 1,483 shares during the period. Xponance LLC raised its stake in Nokia by 13.0% in the 4th quarter. Xponance LLC now owns 13,590 shares of the technology company’s stock worth $88,000 after purchasing an additional 1,567 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in Nokia by 12.1% in the 1st quarter. Assetmark Inc. now owns 14,704 shares of the technology company’s stock valued at $118,000 after purchasing an additional 1,591 shares during the period. Institutional investors own 5.28% of the company’s stock.

Trending Headlines about Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Google’s planned €13 billion investment in Finnish artificial-intelligence infrastructure is a potential tailwind for Nokia because it could increase demand for high-capacity networks, cloud connectivity and AI-related telecom systems in Finland. Nokia welcomed the commitment, though the announcement does not identify a direct contract or revenue benefit for the company. Nokia welcomes Google’s €13 billion commitment to Finnish AI
• Positive Sentiment: Nokia and SoftBank demonstrated a passive optical networking system designed to support multiple optical technologies, highlighting potential opportunities in broadband capacity and network flexibility. A demonstration is not the same as a commercial order, but it reinforces Nokia’s position in next-generation network infrastructure. Softbank, Nokia demo passive optical network
• Positive Sentiment: Nokia launched a global Mobile Core Early Access program that lets telecom operators test new mobile-core capabilities and AI-era use cases in a hosted environment. The initiative could help accelerate customer adoption of Nokia software and create longer-term opportunities in network automation and monetization. Nokia launches industry-first initiative to help operators accelerate network innovation
• Positive Sentiment: Nokia opened an R&D center in Riyadh focused on AI-powered network automation, supporting Saudi Arabia’s Vision 2030. The facility may strengthen Nokia’s regional relationships and exposure to telecom modernization spending. Nokia opens Riyadh R&D centre
• Positive Sentiment: Technical analysis says NOK broke out of a falling channel, established a higher swing low and reclaimed key moving averages. The forecast identifies possible upside targets of $12.30 to $13.98, supporting near-term bullish momentum, but it is not a fundamental earnings forecast. Nokia Price Forecast: Breakout Signals Second Leg Higher
• Neutral Sentiment: Nokia transferred 687,145 company-held shares to participants in its equity-incentive plans. The transaction is routine and has limited immediate earnings significance, though it modestly increases shares in employee hands. Changes in Nokia Corporation’s own shares
• Negative Sentiment: Reports that Nokia is planning sweeping Bell Labs job cuts have raised concerns about reduced research capacity and the potential impact on long-term innovation, particularly as the company promotes AI and advanced networking. Nokia plans sweeping Bell Labs cuts
• Negative Sentiment: Commentary questioning whether Nokia’s earlier rally was supported by business fundamentals highlights valuation and execution risk. The stock remains well below its summer peak, and uncertainty surrounding the China retreat could limit confidence in the recovery. Beyond the China Retreat: Whether Nokia’s Surge Was Built on Substance

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NOK. Northland Securities set a $20.00 target price on shares of Nokia in a report on Wednesday, June 3rd. Danske raised Nokia from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Nokia in a research report on Friday, September 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nokia in a report on Friday, May 15th. Finally, JPMorgan Chase & Co. boosted their price target on Nokia from $14.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Twelve research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.83.

Nokia Trading Up 1.0%

Shares of NOK opened at $10.76 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.22 and a current ratio of 1.50. Nokia Corporation has a 52-week low of $4.48 and a 52-week high of $17.45. The firm has a market cap of $61.77 billion, a price-to-earnings ratio of 76.84, a PEG ratio of 1.26 and a beta of 1.21. The business’s fifty day moving average is $10.35 and its 200-day moving average is $11.01.

Nokia (NYSE:NOK) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. Nokia had a return on equity of 9.83% and a net margin of 3.49%.The business had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period last year, the firm posted $0.04 earnings per share. Nokia’s revenue was up 8.4% compared to the same quarter last year. Equities analysts anticipate that Nokia Corporation will post 0.39 EPS for the current fiscal year.

About Nokia

Nokia Corporation is a Finland-based technology company that provides communications and networking equipment, software, and related services to telecommunications operators, enterprises, governments, and other organizations worldwide. Its offerings support the design, deployment, management, and modernization of fixed and mobile communications networks.

The company’s business includes mobile network infrastructure, radio access networks, core networks, cloud networking, broadband access, optical networking, IP routing, data-center networking, and network automation.