Vise Technologies Inc. Makes New $256,000 Investment in Chunghwa Telecom Co., Ltd. $CHT

Vise Technologies Inc. acquired a new position in Chunghwa Telecom Co., Ltd. (NYSE:CHT) during the second quarter, HoldingsChannel.com reports. The fund acquired 5,500 shares of the utilities provider’s stock, valued at approximately $256,000.

Other hedge funds have also added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its position in Chunghwa Telecom by 6.2% during the 1st quarter. Lindbrook Capital LLC now owns 5,585 shares of the utilities provider’s stock worth $219,000 after buying an additional 328 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Chunghwa Telecom by 2.2% during the first quarter. PNC Financial Services Group Inc. now owns 16,196 shares of the utilities provider’s stock valued at $635,000 after purchasing an additional 344 shares during the last quarter. Yousif Capital Management LLC grew its stake in Chunghwa Telecom by 3.1% in the second quarter. Yousif Capital Management LLC now owns 12,229 shares of the utilities provider’s stock valued at $570,000 after purchasing an additional 365 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Chunghwa Telecom during the 2nd quarter worth approximately $25,000. Finally, Bridgewater Advisors Inc. raised its stake in shares of Chunghwa Telecom by 6.7% during the 2nd quarter. Bridgewater Advisors Inc. now owns 9,038 shares of the utilities provider’s stock worth $394,000 after purchasing an additional 567 shares in the last quarter. Institutional investors own 2.11% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Chunghwa Telecom currently has a consensus rating of “Hold”.

Chunghwa Telecom Trading Down 0.6%

Shares of Chunghwa Telecom stock opened at $42.14 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.15 and a quick ratio of 1.05. The business has a fifty day simple moving average of $43.37 and a two-hundred day simple moving average of $44.07. Chunghwa Telecom Co., Ltd. has a 1 year low of $36.61 and a 1 year high of $47.03. The company has a market capitalization of $32.69 billion, a price-to-earnings ratio of 27.54 and a beta of 0.28.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.93 billion. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.72%. Research analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.

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.