Vident Advisory LLC Grows Stock Holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Vident Advisory LLC raised its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 80.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,978 shares of the utilities provider’s stock after buying an additional 62,147 shares during the period. Vident Advisory LLC’s holdings in Chunghwa Telecom were worth $5,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in Chunghwa Telecom in the 4th quarter valued at about $54,000. BNP Paribas Financial Markets raised its holdings in shares of Chunghwa Telecom by 617.4% in the 4th quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider’s stock valued at $64,000 after purchasing an additional 1,457 shares in the last quarter. GeoWealth Management LLC bought a new stake in shares of Chunghwa Telecom in the 4th quarter valued at about $117,000. R Squared Ltd bought a new stake in shares of Chunghwa Telecom in the 4th quarter valued at about $127,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of Chunghwa Telecom by 31.0% in the 4th quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider’s stock valued at $153,000 after purchasing an additional 961 shares in the last quarter. 2.11% of the stock is owned by hedge funds and other institutional investors.

Chunghwa Telecom Trading Up 0.3%

NYSE:CHT opened at $43.79 on Tuesday. Chunghwa Telecom Co., Ltd. has a one year low of $35.92 and a one year high of $44.36. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.47. The firm has a market cap of $33.97 billion, a P/E ratio of 29.39, a P/E/G ratio of 21.42 and a beta of 0.21. The firm has a 50-day simple moving average of $40.23 and a 200-day simple moving average of $38.93.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $56.11 billion. Equities analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a report on Monday, April 14th.

Chunghwa Telecom Company 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.