NEW YORK ( TheStreet) -- LSI Corporation (NYSE: LSI) hit a new 52-week high Monday as it is currently trading at $8.36, above its previous 52-week high of $8.35 with 1.3 million shares traded as of 9:50 a.m. ET. Average volume has been 8.6 million shares over the past 30 days.

LSI has a market cap of $4.02 billion and is part of the technology sector and electronics industry. Shares are up 40% year to date as of the close of trading on Friday.

LSI Corporation designs, develops, and markets storage and networking semiconductors and storage systems worldwide. The company has a P/E ratio of 17.6, above the average electronics industry P/E ratio of 13.5 and below 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 impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full LSI Ratings Report.

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