Parallel Advisors LLC Purchases 6,959 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Parallel Advisors LLC grew its position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 35.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,426 shares of the utilities provider’s stock after purchasing an additional 6,959 shares during the quarter. Parallel Advisors LLC’s holdings in Chunghwa Telecom were worth $995,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ieq Capital LLC raised its holdings in Chunghwa Telecom by 5.7% during the 4th quarter. Ieq Capital LLC now owns 5,621 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 301 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Chunghwa Telecom by 4.2% during the 4th quarter. Sivia Capital Partners LLC now owns 9,785 shares of the utilities provider’s stock worth $368,000 after purchasing an additional 391 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Chunghwa Telecom by 6.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,964 shares of the utilities provider’s stock worth $316,000 after buying an additional 468 shares during the period. First Affirmative Financial Network grew its position in shares of Chunghwa Telecom by 2.1% during the 4th quarter. First Affirmative Financial Network now owns 31,156 shares of the utilities provider’s stock worth $1,173,000 after buying an additional 655 shares during the period. Finally, Lester Murray Antman dba SimplyRich grew its position in shares of Chunghwa Telecom by 5.7% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 14,896 shares of the utilities provider’s stock worth $560,000 after buying an additional 800 shares during the period. Institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Stock Performance

Shares of CHT stock opened at $38.89 on Thursday. The company has a market cap of $30.17 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 21.42 and a beta of 0.19. Chunghwa Telecom Co., Ltd. has a 52 week low of $35.92 and a 52 week high of $40.62. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $38.58 and a 200-day moving average of $38.40.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings data on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. On average, equities analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Chunghwa Telecom from a “hold” rating to a “buy” rating in a research report on Monday.

Chunghwa Telecom Profile

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.