371,978 Shares in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 371,978 shares of the communications equipment provider's stock, valued at approximately $2,998,000.

A number of other hedge funds have also recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 131.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider's stock worth $40,000 after purchasing an additional 2,840 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at approximately $77,000. Valeo Financial Advisors LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth $81,000. Assetmark Inc. boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 1,737.1% during the third quarter. Assetmark Inc. now owns 12,382 shares of the communications equipment provider's stock worth $94,000 after acquiring an additional 11,708 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT purchased a new position in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at $94,000. Institutional investors own 7.99% of the company's stock.

Analyst Upgrades and Downgrades

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

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Telefonaktiebolaget LM Ericsson (publ) Price Performance

ERIC traded up $0.20 during trading hours on Friday, hitting $8.66. The company's stock had a trading volume of 22,637,908 shares, compared to its average volume of 18,243,402. Telefonaktiebolaget LM Ericsson has a 12 month low of $4.77 and a 12 month high of $8.90. 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 business's 50-day moving average price is $8.07 and its 200-day moving average price is $7.97. The stock has a market cap of $28.86 billion, a price-to-earnings ratio of -866,000.00, a P/E/G ratio of 3.89 and a beta of 0.81.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last announced its earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Sell-side analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently disclosed a dividend, which was paid on Saturday, March 8th. Stockholders of record on Thursday, March 27th were paid a $0.1315 dividend. 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 (DPR) is presently -1,700,000.00%.

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.