Analog Semiconductors Stocks Q4 Teardown: Impinj (NASDAQ:PI) Vs The Rest

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As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at analog semiconductors stocks, starting with Impinj (NASDAQ: PI).

Demand for analog chips is generally linked to the overall level of economic growth, as analog chips serve as the building blocks of most electronic goods and equipment. Unlike digital chip designers, analog chip makers tend to produce the majority of their own chips, as analog chip production does not require expensive leading edge nodes. Less dependent on major secular growth drivers, analog product cycles are much longer, often 5-7 years.

The 14 analog semiconductors stocks we track reported a satisfactory Q4. As a group, revenues beat analysts’ consensus estimates by 0.8% while next quarter’s revenue guidance was 8,308% above.

In light of this news, share prices of the companies have held steady as they are up 1.9% on average since the latest earnings results.

Weakest Q4: Impinj (NASDAQ: PI)

Founded by Caltech professor Carver Mead and one of his students Chris Diorio, Impinj (NASDAQ: PI) is a maker of radio-frequency identification (RFID) hardware and software.

Impinj reported revenues of $92.85 million, up 1.4% year on year. This print was in line with analysts’ expectations, but overall, it was a slower quarter for the company with revenue guidance for next quarter missing analysts’ expectations significantly and EPS in line with analysts’ estimates.

Impinj Total Revenue

Unsurprisingly, the stock is down 17.9% since reporting and currently trades at $126.25.

Read our full report on Impinj here, it’s free.

Best Q4: Skyworks Solutions (NASDAQ: SWKS)

Result of a merger of Alpha Industries and the wireless communications division of Conexant, Skyworks Solutions (NASDAQ: SWKS) is a designer and manufacturer of chips used in smartphones, autos, and industrial applications to amplify, filter, and process wireless signals.

Skyworks Solutions reported revenues of $1.04 billion, down 3.1% year on year, outperforming analysts’ expectations by 3.4%. The business had an exceptional quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

Skyworks Solutions Total Revenue

Skyworks Solutions delivered the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 7% since reporting. It currently trades at $59.88.

Is now the time to buy Skyworks Solutions? Access our full analysis of the earnings results here, it’s free.

Universal Display (NASDAQ: OLED)

Serving major consumer electronics manufacturers, Universal Display (NASDAQ: OLED) is a provider of organic light emitting diode (OLED) technologies used in display and lighting applications.

Universal Display reported revenues of $172.9 million, up 6.6% year on year, in line with analysts’ expectations. It was a mixed quarter as it posted a beat of analysts’ EPS estimates but full-year revenue guidance missing analysts’ expectations significantly.

As expected, the stock is down 9.2% since the results and currently trades at $106.38.

Read our full analysis of Universal Display’s results here.

Texas Instruments (NASDAQ: TXN)

Headquartered in Dallas, Texas since the 1950s, Texas Instruments (NASDAQ: TXN) is the world’s largest producer of analog semiconductors.

Texas Instruments reported revenues of $4.42 billion, up 10.4% year on year. This result lagged analysts' expectations by 0.8%. It was a slower quarter as it also recorded a significant miss of analysts’ EPS estimates and a slight miss of analysts’ revenue estimates.

Texas Instruments had the weakest performance against analyst estimates among its peers. The stock is up 8.5% since reporting and currently trades at $213.45.

Read our full, actionable report on Texas Instruments here, it’s free.

Microchip Technology (NASDAQ: MCHP)

Spun out from General Instrument in 1987, Microchip Technology (NASDAQ: MCHP) is a leading provider of microcontrollers and integrated circuits used mainly in the automotive world, especially in electric vehicles and their charging devices.

Microchip Technology reported revenues of $1.19 billion, up 15.6% year on year. This print topped analysts’ expectations by 0.6%. Overall, it was a strong quarter as it also produced a solid beat of analysts’ adjusted operating income estimates and a beat of analysts’ EPS estimates.

The stock is down 2.6% since reporting and currently trades at $76.02.

Read our full, actionable report on Microchip Technology here, it’s free.

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