Sei Investments Co. reduced its holdings in Nokia Corporation (NYSE:NOK – Free Report) by 6.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,177,671 shares of the technology company’s stock after selling 449,707 shares during the quarter. Sei Investments Co. owned about 0.11% of Nokia worth $49,669,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. J2 Capital Management Inc grew its holdings in Nokia by 2.0% in the 1st quarter. J2 Capital Management Inc now owns 68,204 shares of the technology company’s stock valued at $548,000 after buying an additional 1,319 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Nokia by 6.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,426 shares of the technology company’s stock valued at $145,000 after buying an additional 1,450 shares during the last quarter. Kathmere Capital Management LLC lifted its stake in shares of Nokia by 14.0% in the first quarter. Kathmere Capital Management LLC now owns 12,081 shares of the technology company’s stock valued at $97,000 after buying an additional 1,483 shares during the period. Xponance LLC grew its position in Nokia by 13.0% during the fourth quarter. Xponance LLC now owns 13,590 shares of the technology company’s stock worth $88,000 after buying an additional 1,567 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Nokia by 12.1% during the first quarter. Assetmark Inc. now owns 14,704 shares of the technology company’s stock valued at $118,000 after acquiring an additional 1,591 shares during the period. Institutional investors and hedge funds own 5.28% of the company’s stock.
Analysts Set New Price Targets
NOK has been the subject of several recent research reports. Wall Street Zen cut Nokia from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. The Goldman Sachs Group upgraded Nokia from a “sell” rating to a “neutral” rating in a research report on Monday, March 30th. Barclays reaffirmed an “underweight” rating on shares of Nokia in a research report on Wednesday, April 29th. Northland Securities set a $20.00 price target on shares of Nokia in a research note on Wednesday, June 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nokia in a report on Tuesday, June 9th. Thirteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.57.
Key Headlines Impacting Nokia
Here are the key news stories impacting Nokia this week:
- Positive Sentiment: Nokia’s Q2 results beat profit estimates, with comparable operating profit rising on strong demand from AI and cloud customers, while network infrastructure sales and margins improved. Reuters: Nokia Q2 profit beat on AI demand
- Positive Sentiment: AI-related demand was a standout, with Nokia saying AI/cloud order intake reached about €2.8 billion and AI/cloud sales more than doubled year over year, reinforcing the long-term growth case. Yahoo Finance: Nokia says AI, cloud boosted sales in second quarter
- Positive Sentiment: Nokia raised its full-year profit outlook and gave a Q3 revenue range that was roughly in line with expectations, which may support confidence in management’s view that AI infrastructure demand can offset legacy telecom weakness. Invezz: Nokia raises profit outlook as AI and cloud demand boost results
- Neutral Sentiment: Management and follow-up coverage continue to frame Nokia as a longer-term AI networking and cloud infrastructure beneficiary, but those themes are more about the investment thesis than an immediate catalyst. Yahoo Finance: How Nokia is Positioning Itself for Long-Term Growth in AI Networking
- Negative Sentiment: The stock has fallen to its lowest close since April, suggesting traders are selling into strength or reacting to concerns that the earnings beat does not fully erase broader slowdown worries. BeInCrypto: Nokia Crushed Earnings — and Dropped to Its Lowest Close Since April
- Negative Sentiment: Some articles highlight that telecom spending remains uneven and restructuring charges or supply-chain constraints are still weighing on results, which could limit how quickly AI growth translates into sustained earnings momentum. Yahoo Finance: Nokia Oyj (NOK) Q2 2026 Earnings Call Highlights
Nokia Trading Down 6.7%
Shares of NOK opened at $9.07 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. The stock has a market cap of $52.11 billion, a PE ratio of 64.81, a PEG ratio of 1.29 and a beta of 1.17. Nokia Corporation has a 1 year low of $4.00 and a 1 year high of $17.45. The stock has a 50 day simple moving average of $13.37 and a 200-day simple moving average of $10.26.
Nokia (NYSE:NOK – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. Nokia had a return on equity of 9.92% and a net margin of 3.49%.The business had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter in the previous year, the firm earned $0.04 EPS. Nokia’s quarterly revenue was up 8.4% on a year-over-year basis. On average, sell-side analysts predict that Nokia Corporation will post 0.41 EPS for the current fiscal year.
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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