LSI Reaches New 52-Week High (LSI)

NEW YORK ( TheStreet) -- LSI Corporation (NYSE: LSI) hit a new 52-week high Thursday as it is currently trading at $8.54, above its previous 52-week high of $8.52 with 2.7 million shares traded as of 10:40 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 Wednesday.

LSI Corporation designs, develops, and markets storage and networking semiconductors and storage systems worldwide. The company has a P/E ratio of 17.5, 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.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing