NEW YORK (

TheStreet

) --

LSI Corporation

(NYSE:

LSI

) hit a new 52-week high Wednesday as it traded at $6.83 compared with its previous 52-Week high of $6.82. LSI is changing hands at $6.82 with 7.3 million shares traded as of 2:26 p.m. ET. Average volume has been 7.8 million shares 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 9.8% year to date as of the close of trading on Tuesday.

LSI Corporation designs, develops, and markets storage and networking semiconductors and storage systems. The company has a P/E ratio of 110, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.1.

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TheStreet Ratings rates LSI as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and unimpressive growth in net income. You can view the full

LSI Ratings Report

.

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