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

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

Telefonaktiebolaget LM Ericsson (publ) Stock Up 2.9 %

Shares of NASDAQ ERIC traded up $0.23 during midday trading on Friday, hitting $8.17. The stock had a trading volume of 26,277,917 shares, compared to its average volume of 17,938,854. The business's 50 day moving average is $7.91 and its 200-day moving average 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 52 week low of $5.00 and a 52 week high of $8.90. The company has a market cap of $27.23 billion, a P/E ratio of -817,000.00, a PEG ratio of 3.89 and a beta of 0.92.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $55.83 billion. As a group, analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Diversified Trust Co grew its position in Telefonaktiebolaget LM Ericsson (publ) by 68.7% during the fourth quarter. Diversified Trust Co now owns 343,965 shares of the communications equipment provider's stock valued at $2,772,000 after buying an additional 140,116 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 80.2% in the third quarter. Sanctuary Advisors LLC now owns 23,662 shares of the communications equipment provider's stock worth $193,000 after buying an additional 10,530 shares during the period. Global Retirement Partners LLC lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 275.3% during the 4th quarter. Global Retirement Partners LLC now owns 48,892 shares of the communications equipment provider's stock valued at $394,000 after buying an additional 35,863 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Telefonaktiebolaget LM Ericsson (publ) by 55.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,795,967 shares of the communications equipment provider's stock worth $14,475,000 after acquiring an additional 638,393 shares during the period. Finally, Atria Investments Inc lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 370.6% during the fourth quarter. Atria Investments Inc now owns 50,651 shares of the communications equipment provider's stock valued at $408,000 after purchasing an additional 39,889 shares in the last quarter. 7.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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