Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Purchased by Principal Securities Inc.

Principal Securities Inc. boosted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 225.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,583 shares of the communications equipment provider’s stock after buying an additional 12,180 shares during the quarter. Principal Securities Inc.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ERIC. Valeo Financial Advisors LLC purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at about $81,000. Marks Group Wealth Management Inc acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth approximately $111,000. International Private Wealth Advisors LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at approximately $108,000. XY Capital Ltd acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at $200,000. Finally, Savant Capital LLC grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 53.0% during the 4th quarter. Savant Capital LLC now owns 17,575 shares of the communications equipment provider’s stock valued at $142,000 after buying an additional 6,090 shares during the last quarter. 7.99% of the stock is owned by hedge funds and other institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 4.5 %

NASDAQ ERIC opened at $8.30 on Wednesday. The stock has a market cap of $27.66 billion, a PE ratio of -830,000.00, a P/E/G ratio of 3.89 and a beta of 0.77. The business has a 50 day moving average price of $8.03 and a two-hundred day moving average price of $7.90. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $4.77 and a fifty-two week high of $8.90. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last announced its earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. As a group, sell-side analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 24th.

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.