Dimensional Fund Advisors LP Has $6.26 Million Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Dimensional Fund Advisors LP raised its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 776,046 shares of the communications equipment provider's stock after buying an additional 150,396 shares during the period. Dimensional Fund Advisors LP's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $6,255,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 5.3% in the fourth quarter. First Trust Advisors LP now owns 834,087 shares of the communications equipment provider's stock valued at $6,723,000 after buying an additional 41,851 shares in the last quarter. Forum Financial Management LP increased its position in Telefonaktiebolaget LM Ericsson (publ) by 264.1% in the 4th quarter. Forum Financial Management LP now owns 274,585 shares of the communications equipment provider's stock valued at $2,213,000 after acquiring an additional 199,171 shares in the last quarter. GeoWealth Management LLC bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth about $36,000. Guggenheim Capital LLC lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 118.1% during the fourth quarter. Guggenheim Capital LLC now owns 113,012 shares of the communications equipment provider's stock worth $911,000 after purchasing an additional 61,195 shares in the last quarter. Finally, Mariner LLC grew its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 6.4% during the fourth quarter. Mariner LLC now owns 102,599 shares of the communications equipment provider's stock valued at $827,000 after purchasing an additional 6,202 shares during the last quarter. 7.99% of the stock is owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 0.1%

Shares of NASDAQ:ERIC traded up $0.01 during trading on Friday, hitting $8.47. 10,246,101 shares of the company's stock were exchanged, compared to its average volume of 23,042,250. 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 cap of $28.21 billion, a P/E ratio of -846,500.00, a PEG ratio of 3.89 and a beta of 0.96. The firm has a 50-day moving average price of $7.97 and a two-hundred day moving average price of $8.08. Telefonaktiebolaget LM Ericsson has a 1-year low of $5.64 and a 1-year high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $55.83 billion. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. Equities analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 17th. Kepler Capital Markets raised Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. boosted their target price on Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the stock a "neutral" rating in a research report on Friday, April 11th.

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.