Nokia (NYSE:NOK) Trading Up 2.2% - Still a Buy?

Key Points

• Nokia is refocusing its business by selling its Fixed Wireless Access device unit to Inseego (taking an equity stake and long‑term partnership including future 6G work) and exiting consumer Wi‑Fi boxes, while pursuing higher‑margin infrastructure, AI/enterprise opportunities and a Lockheed Martin tie‑up for DoD 5G.
• Market reaction and sentiment are bullish: shares traded up 2.2% intraday on ~92.6M volume (about 48% above average) amid heavy call‑option buying and insider/share‑based board activity, and analysts’ consensus is a "Moderate Buy" (12 Buys, 4 Holds, 2 Sells) with mixed price targets.
• Key financials and shareholder return: market cap ~ $77B with trailing EPS of $0.06 and a high P/E (~84), and Nokia recently raised its quarterly dividend to $0.0468 (annualized yield ~1.4% with a ~75% payout ratio).

Nokia Corporation (NYSE:NOK - Get Free Report)'s stock price was up 2.2% on Tuesday . The stock traded as high as $13.98 and last traded at $13.4250. Approximately 92,594,328 shares traded hands during mid-day trading, an increase of 48% from the average daily volume of 62,733,215 shares. The stock had previously closed at $13.14.

Key Headlines Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia agreed to sell its Fixed Wireless Access (FWA) device business to Inseego and will take an equity stake and a long‑term partnership (including future 6G work) — a move markets see as simplifying Nokia’s portfolio and focusing capital on higher‑margin infrastructure and AI/enterprise opportunities. Nokia finally slows down after a huge run
• Positive Sentiment: Nokia sold its consumer Wi‑Fi box business, a divestiture that investors praised as part of a strategy to exit lower‑growth hardware and reallocate resources to AI and network infrastructure. Nokia Just Sold Its Wi-Fi Box Business. The Market Loved It.
• Positive Sentiment: Nokia Federal Solutions partnered with Lockheed Martin to launch a modular, open‑architecture mission‑critical 5G solution for U.S. defense customers — an opportunity to win government contracts and expand secure‑communications revenue. Nokia and Lockheed Martin partner on DoD 5G service
• Positive Sentiment: Multiple board members received ~40% of fees paid in Nokia shares and transactions show board-level share purchases — a common positive signal of insider alignment with future performance. Nokia Corporation - Managers' transactions (Erenbjerg)
• Positive Sentiment: Unusual options activity: traders bought a large volume of call options (over 431k calls), signaling speculative bullish interest that can amplify intraday upward pressure on the stock. (Options flow report) Options flow report
• Neutral Sentiment: Nokia is listed as a licensor in the Sisvel POS patent pool (2G‑5G portfolios included), which could provide steady licensing revenue but is unlikely to move the stock sharply in the short term. Datang Mobile, KPN, NEC and Wilus join Sisvel POS pool
• Negative Sentiment: After a multi‑day rally, Nokia experienced profit‑taking and a short pullback as traders booked gains — a normal consolidation that can increase intraday volatility. Nokia breaks seven-day rally; shares fall
• Negative Sentiment: Commentary notes the FWA exit accelerates Nokia’s portfolio purge but also hands market share/visibility to Inseego in consumer FWA — investors should watch execution on partnerships and how divestitures affect near‑term revenue. Nokia’s FWA exit shows urgency of portfolio purge – and makes Inseego a global player overnight

Wall Street Analyst Weigh In

Several analysts recently weighed in on NOK shares. Argus upgraded shares of Nokia from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a report on Monday, April 27th. Danske cut shares of Nokia from a "buy" rating to a "hold" rating in a report on Tuesday, February 24th. Bank of America upgraded shares of Nokia from a "neutral" rating to a "buy" rating and set a $12.40 price target on the stock in a report 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. Finally, Northland Securities set a $13.00 price target on shares of Nokia in a report on Monday, April 20th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $9.71.

Nokia Trading Up 2.2%

The stock has a market cap of $77.09 billion, a P/E ratio of 83.91, a PEG ratio of 2.57 and a beta of 1.12. The company has a current ratio of 1.58, a quick ratio of 1.36 and a debt-to-equity ratio of 0.11. The stock's fifty day moving average price is $8.94 and its 200 day moving average price is $7.39.

Nokia (NYSE:NOK - Get Free Report) last announced its earnings results on Tuesday, March 31st. The technology company reported $0.06 EPS for the quarter. Nokia had a net margin of 4.02% and a return on equity of 9.22%. The firm had revenue of $5.21 billion for the quarter. Equities research analysts expect that Nokia Corporation will post 0.4 earnings per share for the current year.

Nokia Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 12th. Stockholders of record on Tuesday, April 28th will be issued a dividend of $0.0468 per share. This is a boost from Nokia's previous quarterly dividend of $0.04. The ex-dividend date is Tuesday, April 28th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.4%. Nokia's dividend payout ratio (DPR) is presently 75.00%.

Institutional Trading of Nokia

A number of hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC boosted its holdings in shares of Nokia by 230.4% during the 1st quarter. Sanctuary Advisors LLC now owns 87,460 shares of the technology company's stock valued at $703,000 after buying an additional 60,992 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Nokia by 28.2% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,329 shares of the technology company's stock worth $180,000 after purchasing an additional 4,909 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in shares of Nokia in the 1st quarter worth about $215,000. Diversify Wealth Management LLC raised its position in shares of Nokia by 46.8% in the 1st quarter. Diversify Wealth Management LLC now owns 21,055 shares of the technology company's stock worth $169,000 after purchasing an additional 6,709 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Nokia by 6.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 97,389 shares of the technology company's stock worth $783,000 after purchasing an additional 5,497 shares during the last quarter. Institutional investors own 5.28% of the company's stock.

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.

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