Ardsley Advisory Partners LP Buys 225,094 Shares of Nokia Corporation $NOK

Ardsley Advisory Partners LP boosted its stake in shares of Nokia Corporation (NYSE:NOK) by 67.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 560,000 shares of the technology company’s stock after purchasing an additional 225,094 shares during the quarter. Ardsley Advisory Partners LP’s holdings in Nokia were worth $3,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in Nokia by 248.7% during the fourth quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock valued at $25,000 after purchasing an additional 2,721 shares in the last quarter. FNY Investment Advisers LLC boosted its holdings in Nokia by 33,457.1% in the fourth quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock worth $30,000 after acquiring an additional 4,684 shares in the last quarter. Dorato Capital Management acquired a new stake in Nokia in the fourth quarter worth about $31,000. Smithfield Trust Co acquired a new stake in Nokia in the fourth quarter worth about $35,000. Finally, Wexford Capital LP acquired a new stake in Nokia in the third quarter worth about $29,000. Institutional investors own 5.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Northland Securities set a $20.00 price target on Nokia in a report on Wednesday, June 3rd. Morgan Stanley reissued an “overweight” rating on shares of Nokia in a report on Friday, May 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Nokia in a report on Tuesday, June 9th. Wall Street Zen downgraded Nokia from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Bank of America raised Nokia from a “neutral” rating to a “buy” rating and set a $12.40 price target for the company 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.57.

Nokia News Summary

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia said it will invest $30 million to expand its Pennsylvania advanced test and packaging facility, a move tied to rising AI demand and increased production of photonic chips used in AI-native networks. Article Title
• Positive Sentiment: The expansion is expected to create about 250 advanced manufacturing jobs and strengthen Nokia’s U.S.-based supply chain for critical optical networking technologies, which could support future revenue growth. Article Title
• Positive Sentiment: Analysts and industry coverage frame the investment as a strategic response to AI infrastructure demand, potentially improving Nokia’s position in high-growth networking and semiconductor-adjacent markets. Article Title

Nokia Stock Down 1.2%

Shares of NOK stock opened at $13.82 on Thursday. The stock has a 50 day moving average of $13.04 and a 200 day moving average of $9.20. 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 $79.34 billion, a P/E ratio of 86.36, a P/E/G ratio of 2.72 and a beta of 1.15. Nokia Corporation has a twelve month low of $4.00 and a twelve month high of $17.45.

Nokia (NYSE:NOK) last announced its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share for the quarter. The company had revenue of $5.21 billion during the quarter. Nokia had a return on equity of 9.05% and a net margin of 4.02%. As a group, sell-side analysts expect that Nokia Corporation will post 0.4 EPS for the current year.

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.