Stifel analyst Tore Svanberg lowered the firm’s price target on Microchip (MCHP) to $60 from $80 and keeps a Buy rating on the shares.

Somehow, against all odds, these one-hit wonders climbed up the Billboard Hot 100 chart with lightning speed and became cultural standards.

Reports Q1 revenue $462.8M, consensus $478.5M. “There is great volatility and economic uncertainty associated with tariffs, taxes and other ...