Traders Purchase Large Volume of Telefonaktiebolaget LM Ericsson (publ) Call Options (NASDAQ:ERIC)

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 2,300 call options on the stock. This represents an increase of approximately 87% compared to the typical daily volume of 1,230 call options.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 2.9 %

Shares of NASDAQ ERIC traded up $0.23 during midday trading on Friday, reaching $8.17. The company had a trading volume of 26,277,917 shares, compared to its average volume of 17,938,854. The firm's fifty day moving average price is $7.91 and its 200-day moving average price is $8.04. 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 has a one year low of $5.00 and a one year high of $8.90. The stock has a market cap of $27.23 billion, a PE ratio of -817,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.92.

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

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th were issued a dividend of $0.1315 per share. This is a positive change from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. The ex-dividend date of this dividend was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)'s dividend payout ratio is currently -1,800,000.10%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Minot DeBlois Advisors LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at approximately $35,000. GeoWealth Management LLC bought a new position in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter worth $36,000. Smartleaf Asset Management LLC boosted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 131.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider's stock valued at $40,000 after purchasing an additional 2,840 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at about $77,000. Finally, Valeo Financial Advisors LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth about $81,000. Hedge funds and other institutional investors own 7.99% of the company's stock.

Wall Street Analyst Weigh In

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

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.