ABN Amro Investment Solutions Sells 199,405 Shares of Nokia Corporation $NOK

ABN Amro Investment Solutions cut its stake in shares of Nokia Corporation (NYSE:NOK - Free Report) by 31.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 424,941 shares of the technology company's stock after selling 199,405 shares during the period. ABN Amro Investment Solutions' holdings in Nokia were worth $3,417,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of NOK. Analog Century Management LP acquired a new stake in Nokia in the fourth quarter worth approximately $104,244,000. QRG Capital Management Inc. increased its position in shares of Nokia by 34.6% during the 4th quarter. QRG Capital Management Inc. now owns 539,926 shares of the technology company's stock valued at $3,493,000 after purchasing an additional 138,935 shares during the period. Pzena Investment Management LLC raised its stake in shares of Nokia by 14.5% in the 4th quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company's stock worth $594,868,000 after buying an additional 11,612,590 shares in the last quarter. TrueMark Investments LLC acquired a new stake in shares of Nokia in the fourth quarter valued at $2,237,000. Finally, Connective Portfolio Management LLC acquired a new stake in shares of Nokia in the fourth quarter valued at $1,068,000. 5.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NOK. Bank of America raised shares of Nokia from a "neutral" rating to a "buy" rating and set a $12.40 price objective on the stock in a research note on Monday, April 13th. Nordea Equity Research upgraded shares of Nokia from a "hold" rating to a "buy" rating in a report on Friday, April 24th. The Goldman Sachs Group raised Nokia from a "sell" rating to a "neutral" rating in a report on Monday, March 30th. Danske upgraded Nokia from a "hold" rating to a "buy" rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Nokia in a research note on Tuesday, June 9th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.57.

More Nokia News

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia beat profit expectations, reporting $0.08 EPS versus $0.07 expected, with revenue up 8.4% year over year and network infrastructure strength helping offset a slight revenue miss. Reuters: Nokia Q2 profit beat on AI demand
• Positive Sentiment: Management said AI and cloud orders surged, with AI/cloud sales more than doubling and order intake reaching 2.8 billion euros, reinforcing the market’s view that Nokia is benefiting from data-center and AI infrastructure spending. Yahoo Finance: Nokia says AI, cloud boosted sales in second quarter
• Positive Sentiment: Nokia raised its full-year comparable operating profit guidance, signaling confidence that AI-driven demand will continue through the rest of 2026. Invezz: Nokia raises profit outlook as AI and cloud demand boost results
• Positive Sentiment: Several reports noted that AI infrastructure demand and record AI-related orders were the main drivers behind the stock’s jump, with investors focusing on Nokia’s growing role in network equipment for data centers. Investor's Hub: Nokia reports stronger second-quarter earnings

Nokia Price Performance

Shares of NYSE:NOK opened at $9.72 on Friday. The firm has a market cap of $55.83 billion, a price-to-earnings ratio of 60.77, a P/E/G ratio of 1.46 and a beta of 1.17. Nokia Corporation has a 1 year low of $4.00 and a 1 year high of $17.45. The company has a current ratio of 1.57, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $13.46 and a 200 day simple moving average of $10.27.

Nokia (NYSE:NOK - Get Free Report) last posted its earnings results on Thursday, July 23rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The firm had revenue of $5.50 billion during the quarter, compared to analysts' expectations of $5.57 billion. Nokia had a net margin of 4.02% and a return on equity of 9.05%. The company's revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.04 earnings per share. As a group, sell-side analysts predict that Nokia Corporation will post 0.4 earnings per share for the current fiscal year.

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.

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