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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.