NEW YORK (

TheStreet

) -- Shares of

LSI Corporation

(NYSE:

LSI

) were gapping up Thursday morning with an open price 12.1% higher than Wednesday's closing price. The stock closed at $6.44 Wednesday and opened today's trading at $7.22.

The average volume for LSI has been 6.9 million shares per day over the past 30 days. LSI has a market cap of $4.1 billion and is part of the

technology

sector and

electronics

industry. Shares are up 7.5% year to date as of the close of trading on Wednesday.

LSI Corporation designs, develops, and markets storage and networking semiconductors and storage systems worldwide. The company has a P/E ratio of 95.6, below the average electronics industry P/E ratio of 133.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates LSI as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

LSI Ratings Report

.

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