Primecap Management Adds $132M in Telefonaktiebolaget LM Ericsson (publ) ($ERIC)
Key Points
- Primecap Management changed its Telefonaktiebolaget LM Ericsson (publ) ($ERIC) stake by 40.8% last quarter, boosting to 37,504,013 shares worth $455.30 million.
- Wall Street's consensus rating on $ERIC is Underperform and an average price target of $10.45.
- $ERIC last traded around $12.14.
Primecap Management increased its position in Telefonaktiebolaget LM Ericsson (publ) ($ERIC) by 40.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,504,013 shares of Telefonaktiebolaget LM Ericsson (publ) after buying 10,874,714 shares during the quarter. Primecap Management's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $455.30 million as of its most recent filing.
Telefonaktiebolaget LM Ericsson (publ) ($ERIC) Stock
Telefonaktiebolaget LM Ericsson (publ) Earnings
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Analysts Set New Price Targets
About Telefonaktiebolaget LM Ericsson (publ)
Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions to communications service providers, enterprises, and the public sector in the Americas, Europe, the Middle East, Africa, Northeast Asia, Southeast Asia, Oceania, and India. It operates through Networks; Cloud Software and Services; Enterprise; and Other segments. The Networks segment offers hardware, software, and service offerings for intelligent, reliable and flexible 5G networks. This segment also provides energy-efficient RAN with an AI-native software architecture deployable on Ericsson silicon and third-party CPUs/GPUs; transport networks; and active/ passive antennas, as well as deployment and lifecycle management services. The Cloud Software and Services segment provides core networks, network management, business and operations support systems, and network operations delivered as managed services, including secure data and voice connectivity, service monetization and orchestration tools, and network management services. The Enterprise segment offers intelligent networking and advanced communications software solutions comprising global communications platform, wireless wide area networks (WWAN), and private 5G networks. The Other segment includes RedBee Media that prepares and distributes live and on-demand video services for broadcasters, sports leagues, and communications service providers. The company has a strategic collaboration with T-Mobile US, Inc for the development of AI-native Scheduler with Link Adaptation software. The company was formerly known as Allmanna Telefon AB LM Ericsson and changed its name to Telefonaktiebolaget LM Ericsson (publ) in January 1926. Telefonaktiebolaget LM Ericsson (publ) was founded in 1876 and is headquartered in Stockholm, Sweden.
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