Nomura Holdings Inc. Makes New Investment in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Nomura Holdings Inc. purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 60,953 shares of the communications equipment provider’s stock, valued at approximately $384,000.

Several other institutional investors and hedge funds have also modified their holdings of ERIC. Oppenheimer & Co. Inc. grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 4,904.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 835,784 shares of the communications equipment provider’s stock valued at $5,265,000 after purchasing an additional 819,083 shares during the last quarter. Natixis Advisors L.P. raised its holdings in Telefonaktiebolaget LM Ericsson (publ) by 15.4% in the 4th quarter. Natixis Advisors L.P. now owns 89,110 shares of the communications equipment provider’s stock worth $561,000 after acquiring an additional 11,909 shares during the period. Sequoia Financial Advisors LLC lifted its position in Telefonaktiebolaget LM Ericsson (publ) by 412.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 361,420 shares of the communications equipment provider’s stock worth $2,277,000 after acquiring an additional 290,949 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 198.3% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 40,141 shares of the communications equipment provider’s stock valued at $253,000 after acquiring an additional 26,684 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 3.1% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 146,286,324 shares of the communications equipment provider’s stock valued at $921,604,000 after purchasing an additional 4,351,420 shares during the last quarter. Institutional investors and hedge funds own 7.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price objective 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 raised Telefonaktiebolaget LM Ericsson (publ) from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.58.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 0.3 %

ERIC stock opened at $5.96 on Friday. The business’s 50-day simple moving average is $5.63 and its 200 day simple moving average is $5.65. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.30. The company has a market cap of $19.85 billion, a PE ratio of -8.51 and a beta of 0.82. 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 quarterly earnings data on Tuesday, April 16th. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The business 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%. On average, research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.38 earnings per share for the current year.

About Telefonaktiebolaget LM Ericsson (publ)

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.