Nokia (NYSE:NOK) Trading 6.3% Higher – Still a Buy?

Shares of Nokia Corporation (NYSE:NOK) rose 6.3% on Tuesday . The company traded as high as $16.63 and last traded at $16.45. Approximately 185,367,144 shares changed hands during trading, an increase of 164% from the average daily volume of 70,346,594 shares. The stock had previously closed at $15.47.

More Nokia News

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia’s stock is being boosted by investor enthusiasm for its AI infrastructure exposure, especially in optical networking and data-center connectivity, which is reshaping the company’s growth narrative. Nokia Surges 140% As AI Infrastructure Demand Reshapes Investor View
• Positive Sentiment: The company opened an AI networking lab in Sunnyvale to develop AI-native data center technology and validate multi-vendor designs, reinforcing its push into a higher-growth market. Can Nokia’s Latest AI Innovation Lab for Data Centers Drive Growth?
• Positive Sentiment: Wall Street endorsements and coverage highlighting Nokia as an AI infrastructure winner have helped push the shares to fresh highs and sustain momentum. Nokia (NOK) Stock Hits 52-Week Peak Following AI Innovation Center and Wall Street Endorsements
• Positive Sentiment: Two recent manager stock purchases by Konstanty Owczarek may signal internal confidence in Nokia’s outlook. Nokia Corporation – Managers’ transactions (Owczarek)
• Neutral Sentiment: Additional coverage notes Nokia’s stock has reached a new 52-week high, reflecting strong momentum rather than a specific fresh corporate catalyst. Nokia stock rallies to new 52-week high: What’s driving the action?
• Neutral Sentiment: A separate managers’ transaction filing disclosed another insider share purchase, which adds a modest confidence signal but is not likely the main stock driver. Nokia Corporation – Managers’ transactions (Owczarek)

Analysts Set New Price Targets

A number of research firms have recently commented on NOK. Arete Research upgraded shares of Nokia from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating on shares of Nokia in a report on Friday. Barclays restated an “underweight” rating on shares of Nokia in a report on Wednesday, April 29th. Northland Securities set a $13.00 price target on shares of Nokia in a report on Monday, April 20th. Finally, Nordea Equity Research upgraded shares of Nokia from a “hold” rating to a “buy” rating in a report on Friday, April 24th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Nokia currently has an average rating of “Moderate Buy” and a consensus price target of $9.71.

Nokia Trading Up 6.3%

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.36 and a current ratio of 1.58. The company’s fifty day simple moving average is $10.75 and its 200-day simple moving average is $8.18. The company has a market capitalization of $94.46 billion, a P/E ratio of 102.82, a PEG ratio of 2.99 and a beta of 1.12.

Nokia (NYSE:NOK) last issued its earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter. Nokia had a net margin of 4.02% and a return on equity of 9.22%. The company had revenue of $5.21 billion for the quarter. Research analysts predict that Nokia Corporation will post 0.39 earnings per share for the current year.

Nokia Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Tuesday, April 28th were given a $0.0468 dividend. This represents a $0.19 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, April 28th. This is a positive change from Nokia’s previous quarterly dividend of $0.04. Nokia’s dividend payout ratio is presently 81.25%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Arete Wealth Advisors LLC bought a new position in shares of Nokia in the 1st quarter worth $2,106,000. Bank of America Corp DE raised its position in shares of Nokia by 105.2% in the 1st quarter. Bank of America Corp DE now owns 2,434,347 shares of the technology company’s stock worth $19,572,000 after acquiring an additional 1,248,249 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in shares of Nokia in the 1st quarter valued at about $369,000. Atreides Management LP bought a new stake in shares of Nokia in the 1st quarter valued at about $19,955,000. Finally, Opal Capital LLC boosted its holdings in shares of Nokia by 14.0% in the 1st quarter. Opal Capital LLC now owns 394,270 shares of the technology company’s stock valued at $3,170,000 after buying an additional 48,384 shares in the last quarter. 5.28% of the stock is owned by 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.