Chunghwa Telecom (NYSE:CHT) Releases Earnings Results

Chunghwa Telecom (NYSE:CHT) released 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 Stock Up 0.4%

Shares of NYSE CHT traded up $0.16 during trading hours on Friday, hitting $43.27. The stock had a trading volume of 14,674 shares, compared to its average volume of 203,565. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.30 and a current ratio of 1.50. The company has a market capitalization of $33.57 billion, a P/E ratio of 26.88, a P/E/G ratio of 5.84 and a beta of 0.30. The firm’s 50-day moving average price is $42.16 and its two-hundred day moving average price is $42.82. Chunghwa Telecom has a 52 week low of $37.03 and a 52 week high of $47.03.

Institutional Trading of Chunghwa Telecom

Several institutional investors have recently made changes to their positions in the business. Evergreen Capital Management LLC boosted its holdings in Chunghwa Telecom by 1.7% during the third quarter. Evergreen Capital Management LLC now owns 14,822 shares of the utilities provider’s stock valued at $647,000 after purchasing an additional 245 shares in the last quarter. Compound Planning Inc. grew its position in Chunghwa Telecom by 2.6% in the third quarter. Compound Planning Inc. now owns 9,802 shares of the utilities provider’s stock valued at $428,000 after acquiring an additional 251 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Chunghwa Telecom by 65.9% during the third quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 344 shares during the period. Geode Capital Management LLC boosted its stake in shares of Chunghwa Telecom by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 5,099 shares of the utilities provider’s stock valued at $213,000 after purchasing an additional 365 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its position in shares of Chunghwa Telecom by 1.3% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,076 shares of the utilities provider’s stock worth $1,399,000 after purchasing an additional 425 shares in the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Wednesday, January 21st. Zacks Research raised Chunghwa Telecom to a “hold” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Chunghwa Telecom currently 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.