Renaissance Technologies LLC Has $106.89 Million Stock Holdings in Nokia Corporation $NOK

Renaissance Technologies LLC raised its position in Nokia Corporation (NYSE:NOK) by 131.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 13,294,780 shares of the technology company’s stock after buying an additional 7,546,000 shares during the period. Renaissance Technologies LLC’s holdings in Nokia were worth $106,890,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Amundi acquired a new position in shares of Nokia during the first quarter valued at $776,000. AQR Capital Management LLC increased its position in Nokia by 27.5% in the first quarter. AQR Capital Management LLC now owns 186,997 shares of the technology company’s stock worth $985,000 after purchasing an additional 40,276 shares during the period. Millennium Management LLC raised its holdings in 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 purchasing an additional 2,798,758 shares during the last quarter. NewEdge Advisors LLC raised its holdings in 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 purchasing an additional 59,505 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Nokia by 8.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,550,274 shares of the technology company’s stock valued at $66,140,000 after purchasing an additional 1,002,033 shares during the period. Institutional investors own 5.28% of the company’s stock.

Nokia Stock Performance

Shares of NOK stock opened at $9.07 on Friday. The stock has a market cap of $52.11 billion, a PE ratio of 64.81, a price-to-earnings-growth ratio of 1.29 and a beta of 1.17. The stock has a 50-day moving average of $13.37 and a 200-day moving average of $10.26. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.57 and a quick ratio of 1.32. Nokia Corporation has a one year low of $4.00 and a one year high of $17.45.

Nokia (NYSE:NOK) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The business had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.57 billion. Nokia had a net margin of 3.49% and a return on equity of 9.92%. Nokia’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 EPS. As a group, sell-side analysts expect that Nokia Corporation will post 0.41 earnings per share for the current year.

Trending Headlines about 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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NOK shares. Northland Securities set a $20.00 price target on shares of Nokia in a research report on Wednesday, June 3rd. The Goldman Sachs Group upgraded shares of Nokia from a “sell” rating to a “neutral” rating in a report on Monday, March 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nokia in a report on Tuesday, June 9th. Morgan Stanley reiterated an “overweight” rating on shares of Nokia in a research report on Friday, May 22nd. Finally, Danske raised Nokia from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Nokia currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.57.

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.