Nokia (NYSE:NOK) Shares Down 1.4% - Time to Sell?

Key Points

• Nokia sold its Wi‑Fi/FWA device business to Inseego, taking an equity stake and a long‑term partnership aimed at wireless broadband and future 6G/AI work, a strategic pivot from consumer hardware to AI/telecom infrastructure that has boosted market sentiment.
• Shares traded down 1.4% to $13.11 on heavy volume (≈120.1M, +92% vs. average); the stock carries a high PE (~81.96) and a MarketBeat consensus target of $9.71 despite an overall "Moderate Buy" analyst average, highlighting mixed valuation views.
• Dividend was increased to $0.0468 quarterly (≈1.4% yield) and several directors took fees in shares—moves that, along with reported insider buying, signal management alignment with shareholders.

Shares of Nokia Corporation (NYSE:NOK - Get Free Report) were down 1.4% during mid-day trading on Monday . The stock traded as low as $13.02 and last traded at $13.1130. Approximately 120,072,422 shares traded hands during trading, an increase of 92% from the average daily volume of 62,422,582 shares. The stock had previously closed at $13.30.

Key Headlines Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia agreed to sell its Wi‑Fi / Fixed Wireless Access (FWA) device business to Inseego, taking an equity stake and securing a long‑term partnership aimed at wireless broadband and future 6G/AI work — a strategic shift from consumer hardware to AI/telecom infrastructure that the market rewarded. Nokia Just Sold Its Wi‑Fi Box Business. The Market Loved It.
• Positive Sentiment: Coverage on the Inseego deal framed it as a valuation test and a vote of confidence in Nokia’s 6G/AI roadmap; the market’s recent multi‑week rally amplifies the strategic significance of the transaction. Nokia’s FWA Sale To Inseego Tests Valuation And Future 6G Potential
• Positive Sentiment: Multiple manager/board transaction filings show ~40% of board fees were taken in Nokia shares following the AGM, and those shares were purchased on behalf of directors — a visible instance of insider buying that supports shareholder alignment. Nokia Corporation - Managers' transactions (Hook)
• Positive Sentiment: Investor/media endorsements and recognition — e.g., bullish commentary (Jim Cramer coverage) and industry awards for Nokia engineers for AI‑driven network work — add credibility to the company’s pivot toward AI and network software. Jim Cramer Calls Nokia (NOK) Stock “A Winner” Nokia engineer honored for AI-driven mobile network advances
• Neutral Sentiment: Multiple media deep‑dives and videos (including a popular YouTube piece framing Nokia’s transformation and a reported Nvidia tie‑up) raise visibility and narrative momentum but are more narrative than transactional — they help sentiment but don’t change fundamentals by themselves. The “Dead” Phone Company Nvidia Just Bet $1 Billion On

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NOK shares. Danske cut Nokia from a "buy" rating to a "hold" rating in a report on Tuesday, February 24th. The Goldman Sachs Group upgraded Nokia from a "sell" rating to a "neutral" rating in a report on Monday, March 30th. Kepler Capital Markets upgraded Nokia from a "hold" rating to a "buy" rating in a report on Wednesday, January 7th. Santander upgraded Nokia from a "neutral" rating to an "outperform" rating in a report on Monday, February 2nd. Finally, Bank of America upgraded Nokia from a "neutral" rating to a "buy" rating and set a $12.40 price objective on the stock in a report on Monday, April 13th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $9.71.

Nokia Stock Down 1.4%

The firm has a 50-day simple moving average of $8.94 and a 200 day simple moving average of $7.39. 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 company has a market capitalization of $75.30 billion, a PE ratio of 81.96, a price-to-earnings-growth ratio of 2.57 and a beta of 1.12.

Nokia (NYSE:NOK - Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.06 EPS for the quarter. Nokia had a return on equity of 9.22% and a net margin of 4.02%.The company had revenue of $5.21 billion for the quarter. On average, research analysts predict that Nokia Corporation will post 0.4 EPS for the current fiscal year.

Nokia Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 12th. Shareholders of record on Tuesday, April 28th will be given a $0.0468 dividend. This represents a $0.19 annualized dividend and a yield of 1.4%. This is a boost from Nokia's previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, April 28th. Nokia's dividend payout ratio is 81.25%.

Institutional Trading of Nokia

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Diversify Wealth Management LLC increased its position in shares of Nokia by 46.8% during the first quarter. Diversify Wealth Management LLC now owns 21,055 shares of the technology company's stock worth $169,000 after acquiring an additional 6,709 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Nokia by 6.0% during the first quarter. Sequoia Financial Advisors LLC now owns 97,389 shares of the technology company's stock worth $783,000 after acquiring an additional 5,497 shares during the last quarter. ARGA Investment Management LP increased its position in shares of Nokia by 166.4% during the first quarter. ARGA Investment Management LP now owns 20,388,202 shares of the technology company's stock worth $163,921,000 after acquiring an additional 12,734,021 shares during the last quarter. Stronghold Wealth Management L.L.C. increased its position in shares of Nokia by 12.1% during the first quarter. Stronghold Wealth Management L.L.C. now owns 19,136 shares of the technology company's stock worth $154,000 after acquiring an additional 2,065 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its position in shares of Nokia by 12.7% during the first quarter. Kestra Advisory Services LLC now owns 36,129 shares of the technology company's stock worth $290,000 after acquiring an additional 4,067 shares during the last quarter. 5.28% of the stock is owned by hedge funds and other institutional investors.

About Nokia

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.