First Affirmative Financial Network Increases Stock Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

First Affirmative Financial Network lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 9.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,354 shares of the communications equipment provider’s stock after acquiring an additional 2,268 shares during the quarter. First Affirmative Financial Network’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $145,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ERIC. Aprio Wealth Management LLC boosted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 17.5% during the 1st quarter. Aprio Wealth Management LLC now owns 17,547 shares of the communications equipment provider’s stock worth $97,000 after acquiring an additional 2,609 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 2.6% in the fourth quarter. QRG Capital Management Inc. now owns 107,824 shares of the communications equipment provider’s stock valued at $679,000 after purchasing an additional 2,753 shares during the period. Planned Solutions Inc. acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at $38,000. NBC Securities Inc. grew its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 258.1% during the 1st quarter. NBC Securities Inc. now owns 10,744 shares of the communications equipment provider’s stock valued at $59,000 after buying an additional 7,744 shares during the period. Finally, Lake Street Advisors Group LLC purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at $64,000. 7.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ERIC shares. JPMorgan Chase & Co. lowered their price target on Telefonaktiebolaget LM Ericsson (publ) from $5.81 to $5.58 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. StockNews.com upgraded Telefonaktiebolaget LM Ericsson (publ) from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.58.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of NASDAQ ERIC opened at $5.96 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.22 and a quick ratio of 0.94. The firm has a 50-day moving average of $5.63 and a two-hundred day moving average of $5.65. Telefonaktiebolaget LM Ericsson has a twelve month low of $4.33 and a twelve month high of $6.36.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its earnings results on Tuesday, April 16th. The communications equipment provider reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The company had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.33 billion. Telefonaktiebolaget LM Ericsson (publ) had a positive return on equity of 11.93% and a negative net margin of 9.75%. As a group, research analysts expect that Telefonaktiebolaget LM Ericsson will post 0.38 EPS for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Profile

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.