Miller Global Investments LLC Buys Shares of 217,176 Nokia Corporation $NOK

Key Points

• Miller Global Investments LLC purchased a new 217,176-share position in Nokia in Q4 valued at about $1.405 million, making the stock 1.3% of the fund's portfolio and its 15th-largest holding.
• Nokia rolled out several product initiatives — including an AI-powered fixed-network transformation with Turkcell, Aurelis PON-based data-center solutions, and optical networking upgrades — which could drive higher-margin revenue from AI and data-center demand.
• Analysts are mixed but the consensus is a Moderate Buy with a $7.01 price target; shares trade near $8.32 with a $47.8 billion market cap and a high P/E (~64), indicating a premium valuation despite split sentiment.

Miller Global Investments LLC purchased a new position in shares of Nokia Corporation (NYSE:NOK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 217,176 shares of the technology company's stock, valued at approximately $1,405,000. Nokia makes up 1.3% of Miller Global Investments LLC's portfolio, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its holdings in Nokia by 50.0% during the third 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 last quarter. Thrivent Financial for Lutherans increased its stake in Nokia by 35,010.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 12,655,143 shares of the technology company's stock valued at $60,871,000 after buying an additional 12,619,099 shares during the last quarter. Pzena Investment Management LLC increased its stake in Nokia by 17.0% in the 3rd quarter. Pzena Investment Management LLC now owns 80,329,917 shares of the technology company's stock valued at $386,387,000 after buying an additional 11,667,677 shares during the last quarter. Folketrygdfondet lifted its position in Nokia by 66.6% during the 3rd quarter. Folketrygdfondet now owns 17,380,530 shares of the technology company's stock worth $83,600,000 after buying an additional 6,950,487 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Nokia during the 3rd quarter worth about $31,049,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia News Roundup

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia launched an AI-powered fixed-network transformation with Turkcell in Türkiye to detect and fix issues proactively and lay groundwork for autonomous network operations — this is revenue-accretive for operator services and strengthens Nokia’s positioning in AI-driven network software. Nokia, Turkcell Launch AI-powered Fixed Network Transformation in Turkiye Nokia AI amps network operations for Turkish operator giant
• Positive Sentiment: Nokia expanded its data-center out-of-band management (OOBM) portfolio with the new Aurelis PON-based fiber solution and other optical offerings aimed at hyperscalers and AI/data-center traffic — supporting higher-margin infrastructure sales if uptake continues. Nokia Expands Data Center OOBM Portfolio with Aurelis PON-based Fiber Solution
• Positive Sentiment: Product innovation in optical networking — including a new application-optimized optical suite and architectural updates aimed at AI/cloud scale — reinforces Nokia’s role in the backbone hardware needed for data-center growth. These launches help justify higher revenue multiple expectations tied to AI-driven capacity demand. Nokia deconstructs optical architecture toward optimal goal More Than Just Brains: The AI Revolution's Nervous System (NOK)
• Neutral Sentiment: Analyst views are mixed — some firms have nudged up targets while others remain neutral, creating a split narrative that can limit sharp bullish moves until clearer earnings or order momentum appears. Shifting Story For Nokia HLSE: NOKIA As Analysts Split On Upside And Fair Value
• Negative Sentiment: Nokia transferred 1,222,899 of its own shares to settle equity-based incentive plan commitments, a small issuance that slightly increases share count (minimal relative to market cap) but can be viewed as modestly dilutive. Changes in Nokia Corporation's own shares

Nokia Trading Down 0.5%

Shares of Nokia stock opened at $8.32 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 1.36. The business has a fifty day simple moving average of $7.28 and a two-hundred day simple moving average of $6.35. Nokia Corporation has a 1 year low of $4.00 and a 1 year high of $8.82. The company has a market capitalization of $47.75 billion, a price-to-earnings ratio of 63.97, a P/E/G ratio of 2.89 and a beta of 0.80.

Wall Street Analyst Weigh In

NOK has been the subject of several analyst reports. Morgan Stanley initiated coverage on Nokia in a report on Monday, February 9th. They issued an "overweight" rating and a $8.00 price objective for the company. Argus upgraded Nokia to a "hold" rating in a report on Wednesday, February 11th. Arete Research downgraded Nokia from a "buy" rating to a "neutral" rating in a research note on Friday, March 13th. JPMorgan Chase & Co. boosted their price target on Nokia from $7.10 to $8.00 and gave the stock an "overweight" rating in a research report on Monday, December 1st. Finally, Danske cut Nokia from a "buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Nokia has a consensus rating of "Moderate Buy" and a consensus price target of $7.01.

Nokia Company 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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