Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 13.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 161,719 shares of the communications equipment provider’s stock after acquiring an additional 19,562 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $998,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ERIC. GAMMA Investing LLC lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 131.2% in the second quarter. GAMMA Investing LLC now owns 5,464 shares of the communications equipment provider’s stock valued at $34,000 after acquiring an additional 3,101 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the first quarter valued at $36,000. BOKF NA acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the second quarter valued at $41,000. NBC Securities Inc. raised 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 worth $59,000 after buying an additional 7,744 shares during the last quarter. Finally, Williams & Novak LLC acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 2nd quarter worth $76,000. Institutional investors and hedge funds own 7.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ERIC shares. JPMorgan Chase & Co. lifted their price target on Telefonaktiebolaget LM Ericsson (publ) from $5.58 to $5.90 and gave the stock a “neutral” rating in a research note on Monday, July 15th. StockNews.com downgraded Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Telefonaktiebolaget LM Ericsson (publ) presently has a consensus rating of “Hold” and an average target price of $5.90.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 0.8 %

Shares of ERIC stock opened at $7.51 on Friday. The firm has a 50-day moving average price of $7.30 and a 200 day moving average price of $6.36. Telefonaktiebolaget LM Ericsson has a twelve month low of $4.33 and a twelve month high of $7.83. The company has a market capitalization of $25.03 billion, a price-to-earnings ratio of -7.59 and a beta of 0.83. The company has a current ratio of 1.14, a quick ratio of 0.90 and a debt-to-equity ratio of 0.39.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last announced its earnings results on Friday, July 12th. The communications equipment provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 14.13% and a positive return on equity of 11.39%. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.29 billion. Research analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.41 earnings per share for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Company 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.