Intersil Corporation Declares Quarterly Dividend Payable on or About May 29, 2015
Apr 29 15
Intersil Corporation announced the board of directors authorized payment of a quarterly dividend of $0.12 per share of common stock. The payment of this dividend will be made on or about May 29, 2015, to shareholders of record as of the close of business on May 19, 2015.
Intersil Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 3, 2015; Provides Earnings Guidance for the Second Quarter Ending July 3, 2015 and Full Year 2015
Apr 29 15
Intersil Corporation reported unaudited consolidated earnings results for the first quarter ended April 3, 2015. For the quarter, the company reported revenue of $134.153 million compared with $140.056 million a year ago. Operating loss was $63.805 million compared with operating income of $14.778 million a year ago. Loss before income taxes was $63.289 million compared with income of $14.654 million a year ago. Net loss was $68.824 million or $0.53 per basic and diluted share compared with $10.005 million or $0.08 per basic and diluted share a year ago. Net cash flows from operating activities were $26.795 million compared with $17.857 million a year ago. Net capital expenditures were $4.990 million compared with $0.784 million a year ago. Non-GAAP operating income was $28/.612 million compared to $28.049 million a year ago. Non-GAAP net income was $22.934 million or $0.17 per diluted share compared to $22.153 million or $0.17 per diluted share a year ago. Revenue represented a 6% increase over the same period in 2013, due to the strength in industrial and infrastructure business, which was up 13% year-over-year. Free cash flow was $21.8 million, of which $15.7 million was returned to shareholders in the form of the company high-yielding dividend. The non-GAAP tax rate was 19.6%.
The company provided earnings guidance for the second quarter ending July 3, 2015. The company expects GAAP and Non-GAAP revenue to be flat to up 3%. GAAP Earnings per share to be in the range of $0.07 to $0.09. Non-GAAP earnings per share to be $0.15 to $0.17.
The non-GAAP tax rate is expected to be around 19% for the rest of the year of 2015.
Intersil Corporation Introduces Highly Integrated Power Management ICs
Apr 20 15
Intersil Corporation introduced a pair of highly integrated power management ICs (PMICs) that enable the industry's first credit card-size motherboards for high-end ultrabook and tablet computers powered by 2-cell Li-ion batteries. The single-chip ISL95908 PMIC delivers eight voltage rails optimized to support subsystem peripheral power requirements for new Intel IMVP8 platforms, and the single-chip ISL95906 provides eight power rails for VR12.6-compliant systems. The devices measure 5.5mm x 5.5mm, enabling PC motherboards that are 75% smaller than previously possible using discrete switchers, inductors and capacitors. The ISL9590x PMICs address the trend toward slimmer ultrabooks, tablets and 2-in-1 computers that offer more features and longer battery life. Both PMICs integrate a controller, power and driver MOSFETS, VTT LDO regulator, independent enable and power-good indicators, I2C interfaces, and fault protection/monitoring for eight synchronous buck regulators. They deliver 90% efficiency and integrate 2x more functionality than the nearest competitor, allowing designers to use fewer external components, including smaller, low-profile inductors and capacitors. Now mobile computing OEMs only need three devices " PMIC, core voltage regulator and battery charger " to power up the CPU/GPU, battery, and subsystem peripherals: flash memory, USB, HDMI, audio, sensors, camera module and WiFi. The ISL9590x are the industry's only single-chip solutions that support the Intel and Microsoft Connected Standby standard, which provides an instant-on, always-connected experience similar to smartphones. The Connected Standby low-power mode maintains Internet connectivity, email and applications while the system is asleep. Both PMICs employ the company's proprietary R4 modulation technology, which delivers high light-load efficiency, ultra-fast transient response, and seamless continuous-conduction mode (CCM) and discontinuous-conduction mode (DCM) transitions. Key Features and Specifications of ISL95908 and ISL95906. ISL95908 provides IMPV8 regulation at 5V, 3.3V, 1.8V/2.5V, 1V, 0.975V, and 0.9V; ISL95906 provides VR12.6 regulation at 5V, 3.3V, 1.8V,1.5V, 1.05V; Eight efficient 1MHz integrated FET switching regulators; Internal compensation eliminates need to design external compensation network; Programmable VR3 and VTT regulators for system memory, including DDR3/L/U, LPDDR3 and DDR4; Connected standby with low-power consumption mode; Extensive fault protection for over-current, over-voltage, under-voltage, and over-temperature with alert signal; Independent power-good indicator for each regulator; Independent enable signals for each regulator offers maximum sequencing flexibility; I2C bus allows system fault monitoring, enable control, configurable GPIO and output voltage offset programming; Configuration pin for additional system programming. Pricing and Availability: The ISL95908 and the ISL95906 are available now in 5.5mm x 5.5mm, 121-bump WLCSP packages. Pricing for both PMICs is $7 in 3k quantities.