Berkshire Hathaway, owned by US billionaire Buffett, disclosed that it bought more than $4.1 billion worth of TSMC shares. TSMC said that it is happy to see and welcome all investors who are interested in investing and hold TSMC stock for a long time.
Reuters reported that Berkshire Hathaway stated in its filings with regulators that it had invested in U.S.-listed companies as of September 30. Berkshire Hathaway claimed to hold about 60.1 million TSMC American Depositary Receipts (ADRs), worth more than $4.1 billion.
As soon as the news came out, TSMC’s stock price opened higher and higher today, and ended at 480 yuan, up 35 yuan. The single-day increase amounted to a new high since July 28, 2020, an increase of 7.86%.
Regarding Berkshire Hathaway’s purchase of ADRs, TSMC said that it is happy to meet and welcome all investors who are interested in investing and holding TSMC shares for a long time.
Liu Kunxi, chairman of Shin Kong Investment Trust, said that Berkshire Hathaway bought TSMC ADRs from July to September, and the actual transaction price could not be known, and after buying for more than a month, TSMC’s stock price bounced up 110 yuan from the band low of 370 yuan and rebounded. The range is nearly 30%, and it is advisable for investors to be cautious in chasing the price.
Liu Kunxi said that in the process of the stock market falling, investors tend to be more pessimistic, but the stock value often falls, and the market is shrouded in a conservative atmosphere. Berkshire Hathaway’s purchase of TSMC ADRs is another example.