As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the analog semiconductors industry, including Skyworks Solutions (NASDAQ: SWKS) 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 satisfactory Q3. As a group, revenues beat analysts’ consensus estimates by 0.8% while next quarter’s revenue guidance was 7,676% above.

In light of this news, share prices of the companies have held steady as they are up 2.3% on average since the latest earnings results.

Best Q3: 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 $1.1 billion, up 7.3% year on year. This print exceeded analysts’ expectations by 5.4%. Overall, it was a stunning quarter for the company with a beat of analysts’ EPS estimates and revenue guidance for next quarter exceeding analysts’ expectations.

Unsurprisingly, the stock is down 16.9% since reporting and currently trades at $59.85.

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

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 $96.06 million, flat year on year, outperforming analysts’ expectations by 3.6%. The business had an exceptional quarter with a significant improvement in its inventory levels and a beat of analysts’ EPS estimates.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 20.9% since reporting. It currently trades at $191.28.

Is now the time to buy Impinj? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: 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 $139.6 million, down 13.6% year on year, falling short of analysts’ expectations by 15.9%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Universal Display delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 8.4% since the results and currently trades at $124.19.

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

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 $790.6 million, up 7.5% year on year. This print surpassed analysts’ expectations by 1.2%. More broadly, it was a mixed quarter as it also produced a solid beat of analysts’ adjusted operating income estimates but EPS in line with analysts’ estimates.

The stock is flat since reporting and currently trades at $16.21.

Read our full, actionable report on Vishay Intertechnology here, it’s free for active Edge members.

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 $199.2 million, down 10.5% year on year. This number topped analysts’ expectations by 7%. It was a very strong quarter as it also logged EPS in line with analysts’ estimates and an impressive beat of analysts’ revenue estimates.

Himax delivered the biggest analyst estimates beat among its peers. The stock is down 8.8% since reporting and currently trades at $8.28.

Read our full, actionable report on Himax here, it’s free for active Edge members.

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