** 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))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.