PREVIEW: NXP Semi dips ahead of report; auto industry in focus
** Shares of NXP Semiconductors NV NXPI.O down 0.5% on Mon ahead of the chipmaker's qtrly report after the bell, as it struggles with sluggish demand from automotive customers
** NXPI up 3% YTD, lagging behind the Nasdaq's .IXIC 21% increase
** Automotive industry customers - NXPI's biggest segment - have pulled back on orders on tepid demand
** Co is also gauging the impact of China's straining trade relations with the U.S. and the European Union
** In its prev report in July, co recorded its worst decline in qtrly rev in four years, and it forecast third-qtr rev between $3.15 bln and $3.35 bln, missing analysts' estimates
** Analysts on avg expect qtrly rev down 5.3% to $3.25 bln and adjusted EPS of $3.43 vs $3.70 yr-ago, per LSEG
** Stock recently trading at 16x expected earnings, aligning with its 5-year avg forward PE, per LSEG
Reporting by Noel Randewich
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