NEW YORK ( TheStreet) -- Chipmaker LSI ( LSI) was the worst-performing stock in the S&P 500 intraday Tuesday. The S&P 500 was rising 10 points, or 0.76%, to 1,325 in trading Tuesday morning.
Shares of LSI fell 5.32% to $6.94. Morgan Stanley analysts noted on Monday that hard-disk-drive inventory increased 36% from last week while prices fell 70 basis points. LSI trades at an estimated price-to-earnings ratio for next year of 8.24 times; the average for semiconductor companies is 12.63. For comparison, Nvidia ( NVDA) has a higher forward P/E of 10.47. Twelve of the 17 analysts who cover LSI rated it buy. Four analysts gave the stock a hold rating and one rated it sell. The stock has risen 16.64% year to date. -- Written by Alexandra Zendrian >To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: firstname.lastname@example.org. >To follow the writer on Twitter, go to Alexandra Zendrian.