Bienville Capital Management LLC Takes Position in Nokia Corporation $NOK

Key Points

• Bienville Capital Management initiated a Nokia position by purchasing 132,079 shares worth approximately $1.75 million during the second quarter.
• Several major institutional investors increased their Nokia holdings, although institutional and hedge-fund ownership remains relatively low at 5.28%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $13.83; Nokia also exceeded quarterly EPS expectations despite revenue falling slightly short of forecasts.

Bienville Capital Management LLC purchased a new position in Nokia Corporation (NYSE:NOK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 132,079 shares of the technology company's stock, valued at approximately $1,754,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Analog Century Management LP purchased a new position in shares of Nokia in the fourth quarter worth approximately $104,244,000. Arrowstreet Capital Limited Partnership boosted its stake in Nokia by 50.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 43,424,695 shares of the technology company's stock worth $208,873,000 after purchasing an additional 14,482,665 shares during the period. ARGA Investment Management LP grew its position in Nokia by 166.4% during the 1st quarter. ARGA Investment Management LP now owns 20,388,202 shares of the technology company's stock worth $163,921,000 after purchasing an additional 12,734,021 shares in the last quarter. Pzena Investment Management LLC raised its stake in Nokia by 14.5% during the 4th 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 during the period. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Nokia by 171.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company's stock valued at $113,161,000 after purchasing an additional 11,035,002 shares in the last quarter. Institutional investors and hedge funds own 5.28% of the company's stock.

More Nokia News

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NOK. Morgan Stanley reiterated an "overweight" rating on shares of Nokia in a report on Friday, May 22nd. JPMorgan Chase & Co. increased their price objective on Nokia from $14.00 to $21.00 and gave the stock an "overweight" rating in a research note on Friday, June 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Nokia in a research note on Friday, May 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Nokia in a report on Friday, September 4th. Finally, Northland Securities set a $20.00 price target on shares of Nokia in a research report on Wednesday, June 3rd. Twelve investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $13.83.

Nokia Trading Up 1.0%

NYSE NOK opened at $10.76 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.09. Nokia Corporation has a 1-year low of $4.48 and a 1-year high of $17.45. The firm's fifty day simple moving average is $10.35 and its 200-day simple moving average is $11.01. The company has a market capitalization of $61.77 billion, a PE ratio of 76.84, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21.

Nokia (NYSE:NOK - Get Free Report) last released its quarterly earnings data 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. Nokia had a return on equity of 9.83% and a net margin of 3.49%.The firm had revenue of $5.50 billion during the quarter, compared to analysts' expectations of $5.57 billion. During the same quarter last year, the firm earned $0.04 earnings per share. The business's revenue for the quarter was up 8.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Nokia Corporation will post 0.39 earnings per share 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.

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