D Orazio & Associates Inc. Buys Shares of 23,233 Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

D Orazio & Associates Inc. bought a new stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,233 shares of the communications equipment provider’s stock, valued at approximately $187,000.

Several other institutional investors have also recently bought and sold shares of the company. Vest Financial LLC increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 31.8% during the 4th quarter. Vest Financial LLC now owns 13,464 shares of the communications equipment provider’s stock worth $109,000 after purchasing an additional 3,248 shares during the last quarter. Choreo LLC increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 17.9% during the 4th quarter. Choreo LLC now owns 24,459 shares of the communications equipment provider’s stock worth $198,000 after purchasing an additional 3,708 shares during the last quarter. Alliance Wealth Advisors LLC UT acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth approximately $94,000. Caprock Group LLC acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth approximately $1,169,000. Finally, First Affirmative Financial Network increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 4.7% during the 4th quarter. First Affirmative Financial Network now owns 40,182 shares of the communications equipment provider’s stock worth $324,000 after purchasing an additional 1,798 shares during the last quarter. Institutional investors own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 0.3 %

ERIC stock opened at $7.57 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $25.23 billion, a PE ratio of -757,000.00, a PEG ratio of 3.65 and a beta of 0.77. Telefonaktiebolaget LM Ericsson has a 1-year low of $4.77 and a 1-year high of $8.90. The business’s 50 day simple moving average is $8.12 and its 200 day simple moving average is $7.78.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 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, research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ERIC shares. StockNews.com lowered Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. boosted their target price on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock a “neutral” rating in a report on Monday, October 21st.

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.