Mondrian Investment Partners LTD Makes New $9.87 Million Investment in Chunghwa Telecom Co., Ltd. $CHT

Mondrian Investment Partners LTD purchased a new stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 226,153 shares of the utilities provider’s stock, valued at approximately $9,865,000.

A number of other hedge funds also recently made changes to their positions in CHT. Westside Investment Management Inc. acquired a new stake in Chunghwa Telecom during the 2nd quarter valued at approximately $34,000. Farther Finance Advisors LLC boosted its stake in shares of Chunghwa Telecom by 65.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 344 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Chunghwa Telecom by 1,083.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 840 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 769 shares during the last quarter. Smartleaf Asset Management LLC acquired a new stake in shares of Chunghwa Telecom during the second quarter worth $53,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Chunghwa Telecom by 1,047.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,973 shares of the utilities provider’s stock worth $86,000 after buying an additional 1,801 shares during the last quarter. 2.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Zacks Research raised shares of Chunghwa Telecom to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Chunghwa Telecom has a consensus rating of “Hold”.

Chunghwa Telecom Stock Performance

Shares of Chunghwa Telecom stock opened at $42.74 on Tuesday. The business has a 50-day simple moving average of $41.88 and a 200 day simple moving average of $42.89. Chunghwa Telecom Co., Ltd. has a one year low of $37.03 and a one year high of $47.03. 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 firm has a market capitalization of $33.16 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 5.72 and a beta of 0.30.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings data on Tuesday, February 3rd. The utilities provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $1.84 billion. Chunghwa Telecom had a net margin of 16.37% and a return on equity of 9.87%. On average, research analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.

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.