Q4 Earnings Outperformers: Universal Display (NASDAQ:OLED) And The Rest Of The Analog Semiconductors Stocks

Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Universal Display (NASDAQ:OLED) and the best and worst performers in the analog semiconductors industry.

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 15 analog semiconductors stocks we track reported a weaker Q4; on average, revenues were in line with analyst consensus estimates. while next quarter's revenue guidance was 3.6% below consensus. Inflation (despite slowing) has investors prioritizing near-term cash flows, but analog semiconductors stocks held their ground better than others, with share prices down 0.5% on average since the previous earnings results.

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 $158.3 million, down 6.3% year on year, falling short of analyst expectations by 1.7%. It was a weaker quarter for the company, with full-year revenue guidance missing analysts' expectations.

“In 2023, we achieved key milestones, strengthened our capabilities and infrastructure, and positioned the Company for growth in the years ahead,” said Brian Millard, Vice President and Chief Financial Officer of Universal Display Corporation.

The stock is down 12.6% since the results and currently trades at $163.55.

Is now the time to buy Universal Display? Access our full analysis of the earnings results here, it's free.

Best Q4: Himax (NASDAQ:HIMX)

Taiwan-based Himax Technologies (NASDAQ:HIMX) is a leading manufacturer of display driver chips and timing controllers used in TVs, laptops, and mobile phones.

Himax reported revenues of $227.7 million, down 13.2% year on year, in line with analyst expectations. It was a very strong quarter for the company, with a significant improvement in its inventory levels. EPS also came in ahead of Wall Street's expectations.

The stock is down 4% since the results and currently trades at $5.42.

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

Weakest Q4: 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 $4.08 billion, down 12.7% year on year, falling short of analyst expectations by 1.4%. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and a miss of analysts' revenue estimates.

The stock is down 3.1% since the results and currently trades at $169.01.

Read our full analysis of Texas Instruments's results here.

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 $70.65 million, down 7.8% year on year, surpassing analyst expectations by 1.5%. It was a mixed quarter for the company, with a significant improvement in its inventory levels but a decline in its operating margin.

The stock is up 14.5% since the results and currently trades at $122.

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

Monolithic Power Systems (NASDAQ:MPWR)

Founded in 1997 by its longtime CEO Michael Hsing, Monolithic Power Systems (NASDAQ:MPWR) is an analog and mixed signal chipmaker that specializes in power management chips meant to minimize total energy consumption.

Monolithic Power Systems reported revenues of $454 million, down 1.3% year on year, in line with analyst expectations. It was a mixed quarter for the company, with a significant improvement in its inventory levels but a decline in its gross margin.

The stock is up 1.5% since the results and currently trades at $655.

Read our full, actionable report on Monolithic Power Systems here, it's free.

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