TrueMark Investments LLC Acquires New Stake in Nokia Corporation $NOK

TrueMark Investments LLC bought a new position in shares of Nokia Corporation (NYSE:NOK) during the 4th quarter, Holdings Channel.com reports. The firm bought 345,760 shares of the technology company’s stock, valued at approximately $2,237,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOK. Spire Wealth Management increased its stake in shares of Nokia by 239.6% in the fourth quarter. Spire Wealth Management now owns 6,242 shares of the technology company’s stock valued at $40,000 after buying an additional 4,404 shares during the period. Trust Point Inc. lifted its stake in shares of Nokia by 71.1% in the fourth quarter. Trust Point Inc. now owns 18,613 shares of the technology company’s stock worth $120,000 after acquiring an additional 7,732 shares during the period. Kathmere Capital Management LLC bought a new stake in Nokia in the fourth quarter valued at approximately $69,000. Connective Portfolio Management LLC bought a new stake in Nokia in the fourth quarter valued at approximately $1,068,000. Finally, JGP Wealth Management LLC increased its position in Nokia by 25.3% during the 4th quarter. JGP Wealth Management LLC now owns 14,735 shares of the technology company’s stock valued at $95,000 after purchasing an additional 2,973 shares during the period. 5.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NOK shares. Kepler Capital Markets upgraded shares of Nokia from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. increased their price objective on shares of Nokia from $7.10 to $8.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Argus raised shares of Nokia to a “hold” rating in a research note on Wednesday, February 11th. Citigroup restated a “sell” rating on shares of Nokia in a report on Friday, January 23rd. Finally, Wall Street Zen cut shares of Nokia from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.01.

Nokia News Summary

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Partnered with Stelia to deliver enterprise-scale, high-trust AI networking — strengthens Nokia’s positioning for AI-driven enterprise services and could open higher‑margin networking revenues. Stelia and Nokia collaborate to advance AI for enterprise
• Positive Sentiment: Won network refresh work with London’s LINX / a major British IXP — a commercial win for optical/IP infrastructure that supports steady revenue and services bookings. British IXP giant gets Nokia refresh
• Positive Sentiment: Commercial deployment win: Ambra Solutions used Nokia’s private 4G/5G at the Côté Gold mine — proof point for private wireless and industrial IoT traction. Ambra Solutions Powers Côté Gold Mine with Nokia’s Private 4G/5G Network
• Neutral Sentiment: Leadership changes in India (new country business leader) and senior rejig — may improve local execution but impact on top-line is uncertain. Nokia elevates Samar Mittal as India country business leader
• Neutral Sentiment: Market commentary shows the ADR has recently outperformed longer term but experienced a pullback — informational context for volatility rather than a company event. Nokia Corp. ADR falls Thursday, still outperforms market
• Negative Sentiment: Multiple reports that Nokia plans major layoffs — up to ~14,000 roles (~20% of staff), with India teams flagged as impacted. This increases near‑term execution risk, could signal demand weakness, and may trigger sizable one‑time restructuring and severance charges despite potential long‑term cost savings. Nokia plans major job cuts, up to 14,000 employees may be laid off
• Negative Sentiment: Grupo Santander analyst downgraded NOK to Underperform with a EUR 6.85 target — a high‑profile downgrade that can amplify selling pressure and reduce near‑term investor confidence. Nokia’s Rally May Be Over as Analysts Tell Investors to Take Profits

Nokia Stock Performance

Shares of NOK opened at $7.97 on Monday. Nokia Corporation has a one year low of $4.00 and a one year high of $8.82. The company has a market cap of $45.74 billion, a PE ratio of 61.27, a P/E/G ratio of 2.76 and a beta of 0.80. The stock has a 50-day moving average of $7.47 and a 200-day moving average of $6.53. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 1.36.

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.