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Last €38.89 EUR
Change Today +0.146 / 0.38%
Volume 0.0
As of 1:45 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

silicon laboratories inc (LA5) Snapshot

Open
€38.92
Previous Close
€38.74
Day High
€38.92
Day Low
€38.55
52 Week High
06/19/15 - €51.16
52 Week Low
10/15/14 - €28.53
Market Cap
1.7B
Average Volume 10 Days
7.0
EPS TTM
--
Shares Outstanding
43.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SILICON LABORATORIES INC (LA5)

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silicon laboratories inc (LA5) Details

Silicon Laboratories Inc., a fabless semiconductor company, designs, develops, and markets mixed-signal analog intensive integrated circuits (ICs). The company offers broad-based products, including microcontrollers; timing devices comprising clocks and oscillators; power and isolation products; and optical, proximity, ambient light, and relative humidity/temperature sensors. It also provides broadcast products, such as video tuners and demodulators, and broadcast radio receivers and transmitters; and access products comprising ProSLIC Subscriber Line Interface Circuits for voice over IP, ISOmodem embedded modems, and Power over Ethernet power source equipment and powered device ICs. The company offers ICs for use in various electronic products in a range of applications, including portable devices, AM/FM radios and other consumer electronics, networking equipment, test and measurement equipment, industrial monitoring and control, home automation, and customer premises equipment. It markets its products through its direct sales force, as well as through a network of independent sales representatives and distributors in the United States, China, Taiwan, South Korea, and internationally. The company was founded in 1996 and is headquartered in Austin, Texas.

1,107 Employees
Last Reported Date: 02/6/15
Founded in 1996

silicon laboratories inc (LA5) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $513.5K
President and Director
Total Annual Compensation: $375.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $321.2K
Chief Strategy Officer and Senior Vice Presid...
Total Annual Compensation: $128.4K
Senior Advisor
Total Annual Compensation: $345.4K
Compensation as of Fiscal Year 2014.

silicon laboratories inc (LA5) Key Developments

Silicon Laboratories Inc. Enters into $230 Million Five Year Credit Agreement with Bank of America, N.A

On July 31, 2012, Silicon Laboratories Inc. and certain of its domestic subsidiaries (the Guarantors) entered into a $230 million five-year credit agreement with Bank of America, N.A. (BOFA), as the original Administrative Agent, Wells Fargo Bank, National Association (Wells Fargo), as Syndication Agent, Regions Bank, as Documentation Agent, and a syndicate of other lenders (the Original Credit Agreement). The Original Credit Agreement consisted of a $100 million term loan facility (the Term Loan Facility) and a $130 million revolving credit facility (the Revolving Credit Facility). On July 24, 2015, Silicon Laboratories and the Guarantors entered into the First Amendment to Credit Agreement (the Credit Agreement Amendment) to amend the Original Credit Agreement (the Original Credit Agreement as amended by the Credit Agreement Amendment, the Amended Credit Agreement) in order to, among other things, increase the Revolving Credit Facility to $300 million and extend the maturity date to five years from the closing date. The counterparties to the Credit Agreement Amendment included Wells Fargo, as Administrative Agent, BOFA, as Syndication Agent, Citibank, N.A. and Regions Bank, as Co-Documentation Agents, and a syndicate of other lenders. As of July 24, 2015, Silicon Laboratories borrowed $82.5 million under the Amended Credit Agreement and paid off the remaining balance of its Term Loan Facility. In connection with the closing of the Credit Agreement Amendment, Silicon Laboratories also provided an Acknowledgment and Agreement Re: Agency Resignation, Assignment and Acceptance Agreement (the Acknowledgment) with respect to that certain Agency Resignation, Assignment and Acceptance Agreement, dated as of July 24, 2015 (the Agency Transfer Agreement), by and among BOFA, as Resigning Agent, Wells Fargo, as Successor Agent, and the Lenders party thereto. Under the Agency Transfer Agreement, BOFA resigned as Administrative Agent under the Original Credit Agreement and related loan documents, including the security and pledge agreement dated July 31, 2012, among Silicon Laboratories, the other parties identified as Obligors (as defined therein) and such other parties that may become Obligors thereunder after the date thereof, and BOFA, in its capacity as Administrative Agent for the holders of the Secured Obligations (as defined therein), and was replaced by Wells Fargo. The Revolving Credit Facility includes a $25 million letter of credit sublimit and a $10 million swingline loan sublimit. Silicon Laboratories has an option to increase the size of the Revolving Credit Facility by up to an aggregate of $200 million in additional commitments, subject to certain conditions. The Revolving Credit Facility, other than swingline loans, will bear interest at the Eurodollar rate plus an applicable margin or, at the option of Silicon Laboratories, the base rate (defined as the high of the Wells Fargo prime rate, the Federal Funds rate plus 0.50% and the Eurodollar Base Rate plus 1.00%) plus an applicable margin. Swingline loans accrue interest at a per annum rate based on the base rate plus the applicable margin for base rate loans. The applicable margins for the Eurodollar rate loans range from 1.25% to 2.00% and for base rate loans range from 0.25% to 1.00%, depending in each case, on the leverage ratio as defined in the Agreement.

Silicon Laboratories Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 4, 2015; Provides Earnings Guidance for the Third Quarter Ending October 3, 2015

Silicon Laboratories Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 4, 2015. For the quarter, the company reported revenues of $164,856,000 compared to $154,918,000 a year ago. Operating income was $9,003,000 compared to $20,802,000 a year ago. Income before income taxes was $8,531,000 compared to $20,216,000 a year ago. Net income was $7,575,000 or $0.17 per diluted share compared to $14,279,000 or $0.32 per diluted share a year ago. Non-GAAP operating income was $29,268,000. Non-GAAP net income was $24,461,000 or $0.56 per diluted share. For the six months, the company reported revenues of $328,561,000 compared to $300,609,000 a year ago. Operating income was $16,215,000 compared to $30,811,000 a year ago. Income before income taxes was $15,598,000 compared to $29,796,000 a year ago. Net income was $13,953,000 or $0.32 per diluted share compared to $22,389,000 or $0.51 per diluted share a year ago. Net cash provided by operating activities was $37,203,000 compared to $63,418,000 a year ago. Purchases of property and equipment were $4,714,000 compared to $3,339,000 a year ago. Purchases of other assets was $1,871,000 against $2,726,000 a year ago. For the third quarter ending October 3, 2015, the company expects revenue in the range of $151 million to $156 million, GAAP diluted earnings per share of $0.04 to $0.10 and non-GAAP diluted earnings per share of $0.39 to $0.45. The company anticipates third quarter non-GAAP gross margin will be 60% plus or minus 50 basis points. The company's non-GAAP effective tax rate is expected to be stable at around 15%.

RFaxis, Inc. Collaborates with Silicon Labs to Support Internet of Things and Smart Home Market Initiatives

RFaxis, Inc. announced a new collaboration with Silicon Labs on chipset reference designs to address the high-growth Internet of Things (IoT) and smart home markets. Specifically, RFaxis has developed RF front-end reference designs that extend the reach and capabilities of Silicon Labs’ ZigBee and Thread EM35x mesh networking products. Silicon Labs is a founding member of the Thread Group that is helping product developers and consumers easily and securely connect more than 250 devices into a low-power, wireless mesh network that supports seamless Internet and cloud access.

 

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Industry Analysis

LA5

Industry Average

Valuation LA5 Industry Range
Price/Earnings 63.2x
Price/Sales 2.8x
Price/Book 2.4x
Price/Cash Flow 62.6x
TEV/Sales 2.3x
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