LSI Rises On Unusually High Volume (LSI)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- LSI Corporation (Nasdaq: LSI) is trading at unusually high volume Friday with 13.6 million shares changing hands. It is currently at two times its average daily volume and trading up 35 cents (+5%) at $7.39 as of 3:16 p.m. ET.

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LSI has a market cap of $3.98 billion and is part of the technology sector and electronics industry. Shares are up 1.7% year to date as of the close of trading on Thursday.

LSI Corporation designs, develops, and markets storage and networking semiconductors worldwide. The company has a P/E ratio of 9.6, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full LSI Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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