Chunghwa Telecom (NYSE:CHT) Announces Earnings Results

Chunghwa Telecom (NYSE:CHT) announced its quarterly earnings data on Thursday. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, FiscalAI reports. Chunghwa Telecom had a net margin of 16.37% and a return on equity of 9.87%.

Chunghwa Telecom Price Performance

CHT traded down $0.61 during midday trading on Thursday, reaching $43.01. 79,968 shares of the company’s stock were exchanged, compared to its average volume of 205,804. Chunghwa Telecom has a 1-year low of $37.03 and a 1-year high of $47.03. The stock has a market capitalization of $33.36 billion, a PE ratio of 26.74, a P/E/G ratio of 5.83 and a beta of 0.30. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.50 and a quick ratio of 1.30. The business’s 50-day moving average price is $42.12 and its 200 day moving average price is $42.82.

Institutional Investors Weigh In On Chunghwa Telecom

Large investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its position in shares of Chunghwa Telecom by 411.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 297,704 shares of the utilities provider’s stock valued at $13,876,000 after acquiring an additional 239,458 shares in the last quarter. Mondrian Investment Partners LTD acquired a new position in Chunghwa Telecom in the 3rd quarter valued at about $9,865,000. B. Metzler seel. Sohn & Co. AG acquired a new position in Chunghwa Telecom in the 4th quarter valued at about $6,554,000. Goldman Sachs Group Inc. lifted its holdings in Chunghwa Telecom by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 368,306 shares of the utilities provider’s stock valued at $15,362,000 after purchasing an additional 148,378 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Chunghwa Telecom by 12.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,253,331 shares of the utilities provider’s stock worth $58,418,000 after purchasing an additional 136,584 shares during the last quarter. Institutional investors and hedge funds own 2.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Zacks Research raised Chunghwa Telecom to a “hold” rating in a report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.