Investors Buy High Volume of Telefonaktiebolaget LM Ericsson (publ) Call Options (NASDAQ:ERIC)

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 2,300 call options on the company. This represents an increase of 87% compared to the average volume of 1,230 call options.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ERIC. StockNews.com cut shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. lifted their price objective on 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.

Hedge Funds Weigh In On Telefonaktiebolaget LM Ericsson (publ)

Large investors have recently made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth about $35,000. GeoWealth Management LLC bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $36,000. Smartleaf Asset Management LLC grew its position 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 worth $40,000 after buying an additional 2,840 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth approximately $77,000. Finally, Valeo Financial Advisors LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at approximately $81,000. Institutional investors and hedge funds own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 1.6 %

Shares of NASDAQ:ERIC opened at $7.94 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market cap of $26.46 billion, a P/E ratio of -794,000.00, a P/E/G ratio of 3.89 and a beta of 0.92. Telefonaktiebolaget LM Ericsson has a 12 month low of $4.85 and a 12 month high of $8.90. The company’s 50-day moving average price is $7.89 and its two-hundred day moving average price is $8.03.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its quarterly earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 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, research analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal 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 paid a $0.1315 dividend. This is a boost 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 -1,800,000.10%.

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.