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.

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-- Written by Alexandra Zendrian

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