Taiwan Semiconductor jumps, as Berkshire Buys millions of Stocks
The Oracle of Omaha bought just over 60 million of TSMC’s Shares at an average price of around $68.56, according to SEC filings!
Shares of several companies are outperforming the broader stock market after Warren Buffett’s Berkshire Hathaway disclosed new or expanded positions in them in a 13F filing late Monday.
Tweet on Warren’s move on TSMC stocks
Shares of several companies are outperforming the broader stock market afterHathaway disclosed new positions in them in a 13F filing late Monday.
Taiwan Semiconductor Manufacturing, jumped nearly 13%. its biggest increase since July 2020, according to Dow Jones Market Data.#TSMC pic.twitter.com/kQ8wU6kqnb— The_Journalbiz (@the_journalbiz) November 15, 2022
Factset:Chart on TSMC stock jumps upon the news
Taiwan Semiconductor Manufacturing, a new Berkshire investment, jumped nearly 13%. It was on pace for its biggest percentage increase since July 2020, according to Dow Jones Market Data.
Warren Buffet’s company bought about 60 million shares of Taiwan Semiconductor for about $4.1 billion in the third quarter, according to its latest 13F filing. Taiwan Semiconductor is the world’s largest contract manufacturer of chips.
Berkshire spent $9 billion buying stocks in the recent quarter. Berkshire also purchased shares of American building materials manufacturer Louisiana-Pacific Corp. and Jefferies Financial Group Inc. It also added to its existing stakes in Paramount Global, Celanese Corp. and RH, formerly known as Restoration Hardware.
- TSMC Shares Jump 7% after Berkshire Hathaway Reveals Stake
TSMC closed nearly 8% higher Tuesday on the Taiwan Stock Exchange, where the company’s primary listing is, setting up a potential rally during U.S. trading hours.
TSMC’s Taiwan shares are down around 22% this year. The chip maker has a market capitalization of around $400 billion, according to FactSet.
@thejournalbiz
Source:WSJ/Berkshire
Image:TSMC
