LSI Reaches New 52-Week High (LSI)

NEW YORK ( TheStreet) -- LSI Corporation (NYSE: LSI) hit a new 52-week high Wednesday as it is currently trading at $8.76, above its previous 52-week high of $8.75 with 3.9 million shares traded as of 9:35 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 43.5% year to date as of the close of trading on Tuesday.

LSI Corporation designs, develops, and markets storage and networking semiconductors and storage systems worldwide. The company has a P/E ratio of 56.8, above the average electronics industry P/E ratio of 13.5 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 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

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know

China Slashes Auto Import Tariffs as Trump's Trade Push Gets Big Early Win

China Slashes Auto Import Tariffs as Trump's Trade Push Gets Big Early Win

Global Stocks Push Higher as China Tariff Move, Softer US Dollar Boost Sentiment

Global Stocks Push Higher as China Tariff Move, Softer US Dollar Boost Sentiment

U.S. Crude Oil Hits Fresh 3-Year Highs as Gas Prices March to $3 a Gallon

U.S. Crude Oil Hits Fresh 3-Year Highs as Gas Prices March to $3 a Gallon

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: When Planning for Retirement, Don't Underestimate Your Life Span