First Affirmative Financial Network Has $291,000 Stock Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

First Affirmative Financial Network lifted its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 23.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,384 shares of the communications equipment provider’s stock after buying an additional 7,245 shares during the quarter. First Affirmative Financial Network’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ERIC. GAMMA Investing LLC raised its holdings in Telefonaktiebolaget LM Ericsson (publ) by 131.2% in the 2nd quarter. GAMMA Investing LLC now owns 5,464 shares of the communications equipment provider’s stock worth $34,000 after acquiring an additional 3,101 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 1st quarter valued at approximately $36,000. BOKF NA acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 2nd quarter valued at approximately $41,000. Hexagon Capital Partners LLC increased its position in Telefonaktiebolaget LM Ericsson (publ) by 225.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 5,664 shares of the communications equipment provider’s stock worth $43,000 after buying an additional 3,924 shares during the period. Finally, NBC Securities Inc. lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 258.1% during the first quarter. NBC Securities Inc. now owns 10,744 shares of the communications equipment provider’s stock worth $59,000 after buying an additional 7,744 shares during the last quarter. 7.99% of the stock is owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 0.8 %

Shares of ERIC stock opened at $7.51 on Friday. Telefonaktiebolaget LM Ericsson has a one year low of $4.33 and a one year high of $7.83. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 0.90. The stock has a fifty day moving average price of $7.30 and a 200 day moving average price of $6.36. The stock has a market cap of $25.03 billion, a P/E ratio of -7.59 and a beta of 0.83.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its quarterly earnings data on Friday, July 12th. The communications equipment provider reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a positive return on equity of 11.39% and a negative net margin of 14.13%. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.29 billion. Analysts predict that Telefonaktiebolaget LM Ericsson will post 0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ERIC shares. JPMorgan Chase & Co. boosted their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.58 to $5.90 and gave the stock a “neutral” rating in a research report on Monday, July 15th. StockNews.com lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.90.

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.