5 Most Profitable Penny Stocks Now

2. Nokia Oyj (NYSE:NOK)

Trailing Twelve Month Net Income: $4.49 billion (1EUR = 1.07USD)

Number of Hedge Fund Holders in Q3 2022: 24

Nokia Oyj (NYSE:NOK) is a Finnish communications hardware provider that sells products such as baseband equipment, routers, switches, and other products. It is headquartered in Espoo, Finland.

Nokia Oyj (NYSE:NOK) announced in January 2023 that it has extended a patent sharing agreement with Samsung through which the latter will use the firm’s crucial 5G designs. 24 of the 920 hedge funds part of Insider Monkey’s Q3 2022 research had invested in the company.

Nokia Oyj (NYSE:NOK)’s largest investor is Israel Englander’s Millennium Management which owns 27 million shares that are worth $128 million.

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