Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 14.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,097 shares of the communications equipment provider’s stock after purchasing an additional 14,806 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $735,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 198.3% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 40,141 shares of the communications equipment provider’s stock worth $253,000 after buying an additional 26,684 shares during the last quarter. Lake Street Advisors Group LLC purchased a new position in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $64,000. Oppenheimer & Co. Inc. raised its position in Telefonaktiebolaget LM Ericsson (publ) by 4,904.4% in 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 period. Seven Eight Capital LP acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at $584,000. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 3.1% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 146,286,324 shares of the communications equipment provider’s stock worth $921,604,000 after purchasing an additional 4,351,420 shares during the period. 7.99% of the stock is owned by hedge funds and other institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

NASDAQ ERIC opened at $7.74 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 0.90. The company has a market cap of $25.79 billion, a P/E ratio of -7.82 and a beta of 0.83. The stock has a 50-day moving average of $7.08 and a two-hundred day moving average of $6.18. Telefonaktiebolaget LM Ericsson has a 1-year low of $4.33 and a 1-year high of $7.75.

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

Analyst Ratings Changes

A number of research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.58 to $5.90 and gave the company a “neutral” rating in a research report on Monday, July 15th. StockNews.com raised shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Telefonaktiebolaget LM Ericsson (publ) currently has a consensus rating of “Hold” and a consensus price target of $5.90.

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.