Wrapping up Q4 earnings, we look at the numbers and key takeaways for the analog semiconductors stocks, 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 weaker Q4; on average, revenues were in line with analyst consensus estimates. while next quarter's revenue guidance was 3.6% below consensus. Investors abandoned cash-burning companies to buy stocks with higher margins of safety, but analog semiconductors stocks held their ground better than others, with the share prices up 0.7% on average since the previous earnings results.

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 $1.20 billion, down 9.6% year on year, falling short of analyst expectations by 0.2%. It was a mixed quarter for the company, with strong improvement in inventory levels. While revenue guidance was roughly in line, EPS guidance was slightly below.

“Skyworks continues to execute well and generate robust profitability in light of ongoing macroeconomic volatility,” said Liam K. Griffin, chairman, chief executive officer and president of Skyworks.

The stock is flat since the results and currently trades at $104.32.

Read our full report on Skyworks Solutions 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 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 2.7% since the results and currently trades at $169.71.

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

MACOM (NASDAQ:MTSI)

Founded in the 1950s as Microwave Associates, a communications supplier to the US Army Signal Corp, today MACOM Technology Solutions (NASDAQ: MTSI) is a provider of analog chips used in optical, wireless, and satellite networks.

MACOM reported revenues of $157.1 million, down 12.7% year on year, surpassing analyst expectations by 2.9%. It was a weak  quarter for the company, with a decline in its operating margin.

MACOM scored the biggest analyst estimates beat among its peers. The stock is up 17.6% since the results and currently trades at $101.4.

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

NXP Semiconductors (NASDAQ:NXPI)

Spun off from Dutch electronics giant Philips in 2006, NXP Semiconductors (NASDAQ: NXPI) is a designer and manufacturer of chips used in autos, industrial manufacturing, mobile devices, and communications infrastructure.

NXP Semiconductors reported revenues of $3.42 billion, up 3.3% year on year, in line with analyst expectations. It was a slower quarter for the company, with underwhelming revenue guidance for the next quarter.

NXP Semiconductors pulled off the fastest revenue growth among its peers. The stock is up 10.7% since the results and currently trades at $244.66.

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

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