BUZZ-NXP Semiconductors slides on CEO retirement plan, in-line forecast

Reuters

2025/04/29

** Shares of NXP Semiconductors NXPI.O slide about 8% premarket at $180.21 after CEO announces retirement

** Co says CEO Kurt Sievers will retire by year end and insider Rafael Sotomayor to take over in October

** NXP posts Q1 revenue beat, while Q2 rev forecast is largely inline with analysts' estimates

** 24 out of 31 analysts rate stock as "buy" or higher, 7 "hold"; Median PT is $240

** Of last close, NXPI down 5.6% YTD, while Philadelphia Semiconductor Index .SOX has fallen almost 15%

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))

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