Charles Schwab Investment Management Inc. Has $1.66 Million Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Charles Schwab Investment Management Inc. grew its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 33.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 219,182 shares of the communications equipment provider’s stock after buying an additional 54,437 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $1,661,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its stake in Telefonaktiebolaget LM Ericsson (publ) by 225.5% in the third quarter. Hexagon Capital Partners LLC now owns 5,664 shares of the communications equipment provider’s stock valued at $43,000 after buying an additional 3,924 shares during the period. BOKF NA bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the second quarter worth $41,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 37.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,029 shares of the communications equipment provider’s stock valued at $56,000 after buying an additional 2,458 shares during the period. Vest Financial LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 3rd quarter valued at $77,000. Finally, GAMMA Investing LLC increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 92.8% during the 3rd quarter. GAMMA Investing LLC now owns 10,534 shares of the communications equipment provider’s stock worth $80,000 after purchasing an additional 5,070 shares in the last quarter. 7.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ERIC shares. StockNews.com raised Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Telefonaktiebolaget LM Ericsson (publ) has an average rating of “Hold” and an average target price of $6.70.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 0.8 %

NASDAQ:ERIC opened at $8.23 on Tuesday. The stock’s 50 day moving average price is $8.20 and its two-hundred day moving average price is $7.30. Telefonaktiebolaget LM Ericsson has a twelve month low of $4.77 and a twelve month high of $8.62. The firm has a market capitalization of $27.43 billion, a price-to-earnings ratio of -274.33 and a beta of 0.79. The company has a quick ratio of 0.95, a current ratio of 1.19 and a debt-to-equity ratio of 0.39.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its quarterly earnings results on Tuesday, October 15th. The communications equipment provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Telefonaktiebolaget LM Ericsson (publ) had a positive return on equity of 13.31% and a negative net margin of 0.47%. The business had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.73 billion. Equities research analysts expect that Telefonaktiebolaget LM Ericsson will post 0.44 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.