Analog Semiconductors Stocks Q4 Results: Benchmarking Power Integrations (NASDAQ:POWI)

As analog semiconductors stocks’ Q4 earnings season wraps, let's dig into this quarter's best and worst performers, including Power Integrations (NASDAQ:POWI) and its peers.

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. Stocks have faced challenges as investors prioritize near-term cash flows, but analog semiconductors stocks held their ground better than others, with the share prices up 1.7% on average since the previous earnings results.

Power Integrations (NASDAQ:POWI)

A leading supplier of parts for electronics such as home appliances, Power Integrations (NASDAQ:POWI) is a semiconductor designer and developer specializing in products used for high-voltage power conversion.

Power Integrations reported revenues of $89.51 million, down 28.3% year on year, falling short of analyst expectations by 0.7%. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and a decline in its operating margin.

Power Integrations delivered the slowest revenue growth of the whole group. The stock is down 9.9% since the results and currently trades at $70.61.

Read our full report on Power Integrations 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.

The stock is down 3.3% since the results and currently trades at $5.46.

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 1.4% since the results and currently trades at $172.01.

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

Sensata Technologies (NYSE:ST)

Originally a temperature sensor control maker and a subsidiary of Texas Instruments for 60 years, Sensata Technology Holdings (NYSE: ST) is a leading supplier of analog sensors used in industrial and transportation applications, best known for its dominant position in the tire pressure monitoring systems in cars.

Sensata Technologies reported revenues of $992.5 million, down 2.2% year on year, surpassing analyst expectations by 1.4%. It was a weak quarter for the company, with a miss of analysts' EPS estimates and a decline in its gross margin.

The stock is up 0.8% since the results and currently trades at $36.43.

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

Vishay Intertechnology (NYSE:VSH)

Named after the founder's ancestral village in present-day Lithuania, Vishay Intertechnology (NYSE:VSH) manufactures simple chips and electronic components that are building blocks of virtually all types of electronic devices.

Vishay Intertechnology reported revenues of $785.2 million, down 8.2% year on year, falling short of analyst expectations by 0.4%. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter.

The stock is up 4.6% since the results and currently trades at $22.56.

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

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