Alight Capital Management LP Sells 1,900,000 Shares of Nokia Corporation $NOK

Alight Capital Management LP reduced its holdings in shares of Nokia Corporation (NYSE:NOK) by 95.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 100,000 shares of the technology company’s stock after selling 1,900,000 shares during the quarter. Alight Capital Management LP’s holdings in Nokia were worth $647,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NOK. Amundi bought a new position in shares of Nokia during the 1st quarter worth approximately $776,000. AQR Capital Management LLC boosted its stake in shares of Nokia by 27.5% during the 1st quarter. AQR Capital Management LLC now owns 186,997 shares of the technology company’s stock worth $985,000 after acquiring an additional 40,276 shares during the period. Millennium Management LLC boosted its stake in shares of Nokia by 6,539.2% during the 1st quarter. Millennium Management LLC now owns 2,841,558 shares of the technology company’s stock worth $14,975,000 after acquiring an additional 2,798,758 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Nokia by 6,204.9% during the 1st quarter. NewEdge Advisors LLC now owns 60,464 shares of the technology company’s stock worth $319,000 after acquiring an additional 59,505 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Nokia by 8.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,550,274 shares of the technology company’s stock worth $66,140,000 after acquiring an additional 1,002,033 shares during the period. 5.28% of the stock is currently owned by institutional investors.

Nokia News Roundup

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 Price Performance

Shares of NYSE NOK opened at $13.82 on Thursday. The stock has a market capitalization of $79.34 billion, a PE ratio of 86.36, a P/E/G ratio of 2.72 and a beta of 1.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.57 and a quick ratio of 1.32. The business has a fifty day moving average price of $13.04 and a two-hundred day moving average price of $9.20. Nokia Corporation has a fifty-two week low of $4.00 and a fifty-two week high of $17.45.

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

Analyst Ratings Changes

NOK has been the subject of several recent research reports. Wall Street Zen downgraded Nokia from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Bank of America upgraded Nokia from a “neutral” rating to a “buy” rating and set a $12.40 price target for the company in a research note on Monday, April 13th. Northland Securities set a $20.00 price target on Nokia in a research note on Wednesday, June 3rd. Barclays restated an “underweight” rating on shares of Nokia in a research note on Wednesday, April 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nokia in a research note on Tuesday, June 9th. Twelve 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 company has a consensus rating of “Moderate Buy” and an average target price of $12.57.

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.