Why These 10 Companies Were Heavily Sold Down

3. NXP Semiconductors N.V. (NASDAQ:NXPI)

NXP Semiconductors saw its share prices fall by 6.94 percent on Tuesday to end at $182.62 apiece as investor sentiment was dampened by its dismal earnings performance and its chief executive’s decision to step down.

In its latest earnings release, NXP Semiconductors N.V. (NASDAQ:NXPI) said that net income attributable to shareholders for the first quarter of the year fell by 23 percent to $490 million from $639 million year-on-year, while revenues were down by 9 percent to $2.8 billion from $3.1 billion in the same comparable period.

In the same statement, NXP Semiconductors N.V. (NASDAQ:NXPI) said that its president and CEO, Kurt Sievers, has stepped down to pursue retirement. He was replaced by Rafael Sotomayor as president effective April 28, 2025.

“Rafael has been an integral part of creating and shaping NXP’s strategy and enabling the company’s success. We are confident he is ideally suited to assume the role of President and CEO at NXP, and to execute the company’s vision for leadership in the intelligent systems at the edge within the Automotive and Industrial & IoT end markets,” the company said.