$MCHPP

Telemark Asset Management LLC increased its stake in Microchip Technology Incorporated ($MCHP) by 50%, acquiring an additional 100,000 shares to reach 300,000 total shares, valued at $19.27 million. This makes Microchip its 23rd-largest holding. The semiconductor company recently beat EPS estimates, reported a 15.6% YoY revenue increase, announced a quarterly dividend, and holds a "Moderate Buy" consensus rating from analysts with an average price target of $86.