Berkshire exits TSMC stake, banks; Apple increases its share | – #Berkshire #exits #TSMC #stake #banks #Apple #increases #share
NEW YORK/BANGALORE, Feb 14 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc ( BRKa.N ) cut its stake in Taiwanese contract chipmaker TSMC ( 2330.TW ) and some banks in the fourth quarter Apple Holdings in Inc (AAPL.O).
Berkshire cut its position in Taiwan Semiconductor Manufacturing Co Ltd (TSMC) by 86.2% to 8.29 million American depositary shares it sponsors, according to a regulatory filing.
Ad, Berkshire’s 4.1 billion dollars It comes nearly three months after it announced it was buying TSMC worth of stock, sending its stock soaring.
TSMC depository receipts after trading hours USAdecreased by 4%.
Depository shares in TSMC, which did not immediately respond to a request for comment, closed at $97.96 on Tuesday, up almost 32% this year.
“Berkshire made a small gain on TSMC. It wasn’t a big, big win for Berkshire,” said CFRA Research analyst Kathy Seifert. According to his calculations, Berkshire bought it for about $68.50 and sold it for $74.50.
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But the world’s largest contract chip maker said last month that revenue was likely to fall 5% in the first quarter as it bucked a global slowdown in the chip industry due to softening consumer electronics demand. TSMC executives said they do not expect market conditions to improve until the second half of the year.
Apart from TSMC, Buffett also sold 91.4% of his stake in US Bancorp ( USB.N ) for 6.7 million shares and reduced his stake in BNY Mellon by about 60% to 25.1 million shares. Both cuts are about 5.5 at current prices billion dollars organized.
Buffett’s conglomerate Citigroup Inc (CN), Bank of America ( BAC.N ) and Jefferies ( JEF.N ) as well.
Berkshire, Chevron ( CVX.N ), Call of Duty video including game maker Activision Blizzard ( ATVI.O ) and Kroger ( KR.N USAcut some positions in the portfolio of companies listed in .
Microsoft Corp ( MSFT.O ) is pushing to complete its acquisition of Activision Blizzard. On February 21, Microsoft closed hearings European Union and national will defend the contract before the antitrust authorities.
Among Berkshire’s few additions, Buffett views it as more of a consumer products company Apple there is According to information, Berkshire 3.2 billion dollars worth more 20,8 million Apple bought its share and increased its share to 5.8%.
Apple shares are up nearly 18% this year.
Berkshire also disclosed a new $84 million stake in building materials company Louisiana-Pacific Corp ( LPX.N ).
Reporting by Carolina Mandl in New York and Sittrarasu S in Bangalore Editing by Jonathan Oatis, Leslie Adler and Lincoln Feast.
Our standards: Thomson Reuters Trust Principles.
2023-02-15 05:19:12
Source – reuters
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