Annex Advisory Services LLC Reduces Position in Nokia Corporation $NOK

Key Points

• Annex Advisory Services cut its Nokia position by 39.5% in the second quarter, selling 161,000 shares and retaining 246,742 shares valued at approximately $3.28 million.
• Nokia reported quarterly EPS of $0.08, beating estimates by $0.01, while revenue rose 8.4% year over year to $5.50 billion but fell short of analyst expectations.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus rating and a $12.57 average price target; AI infrastructure demand and networking orders are cited as potential growth drivers.

Annex Advisory Services LLC decreased its position in shares of Nokia Corporation (NYSE:NOK - Free Report) by 39.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 246,742 shares of the technology company's stock after selling 161,000 shares during the period. Annex Advisory Services LLC's holdings in Nokia were worth $3,277,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NOK. Analog Century Management LP purchased a new position in Nokia in the 4th quarter worth approximately $104,244,000. QRG Capital Management Inc. grew its holdings in 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 buying an additional 138,935 shares in the last quarter. SummitTX Capital L.P. raised its position in shares of Nokia by 219.4% during the first quarter. SummitTX Capital L.P. now owns 245,559 shares of the technology company's stock valued at $1,974,000 after buying an additional 168,688 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new position in shares of Nokia in the first quarter worth $9,634,000. Finally, Amundi bought a new position in shares of Nokia during the first quarter worth $1,120,000. 5.28% of the stock is owned by institutional investors and hedge funds.

Nokia Trading Up 9.4%

Shares of NYSE NOK opened at $10.33 on Thursday. Nokia Corporation has a 1-year low of $4.12 and a 1-year high of $17.45. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.50 and a quick ratio of 1.22. The business's 50 day moving average is $11.83 and its two-hundred day moving average is $10.55. The stock has a market capitalization of $59.32 billion, a P/E ratio of 73.79, a PEG ratio of 1.11 and a beta of 1.19.

Nokia (NYSE:NOK - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The business had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.57 billion. Nokia had a return on equity of 9.83% and a net margin of 3.49%.The company's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the company earned $0.04 EPS. As a group, research analysts expect that Nokia Corporation will post 0.39 EPS for the current year.

More Nokia News

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia benefited from a broad optical-networking rally after Lumentum reported substantially stronger-than-expected results. Investors viewed Lumentum’s performance as evidence of accelerating demand for data-center connectivity and AI infrastructure, supporting Nokia’s networking business by association. Nokia, Celestica, and Applied Optoelectronics Rally After Lumentum Sparks Broad Optics Rally
• Positive Sentiment: Recent commentary highlights rising AI-network orders and stronger demand for networking equipment as potential drivers of Nokia’s recovery. This reinforces the investment case that AI-related infrastructure spending could offset weakness in other telecom markets. Why Is Nokia Climbing As AI Network Orders Pile Up?
• Positive Sentiment: Nokia is expanding its compound-semiconductor footprint, a move that could strengthen its capabilities in high-performance communications components and position the company for future optical and wireless-network demand. Nokia Expands Compound Semiconductor Footprint

Analyst Ratings Changes

Several analysts have commented on NOK shares. Danske upgraded shares of Nokia from a "hold" rating to a "buy" rating in a research note on Wednesday, July 1st. Northland Securities set a $20.00 target price on Nokia in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Nokia in a research report on Friday, May 15th. Argus raised Nokia from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research note on Monday, April 27th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Nokia in a research note on Friday, May 22nd. 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's stock. Based on data from MarketBeat, Nokia currently has an average rating of "Moderate Buy" and a consensus price target 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.

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