LSI Corporation (LSI): Today's Featured Electronics Laggard

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.

LSI Corporation ( LSI) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 0.5%. By the end of trading, LSI Corporation fell 8 cents (-1.1%) to $7.11 on average volume. Throughout the day, 5.9 million shares of LSI Corporation exchanged hands as compared to its average daily volume of 6.9 million shares. The stock ranged in price between $7.11-$7.25 after having opened the day at $7.22 as compared to the previous trading day's close of $7.19. Other companies within the Electronics industry that declined today were: Renewable Energy Trade Board ( EBOD), down 64.6%, Plug Power ( PLUG), down 26.4%, EZChip Semiconductor ( EZCH), down 20.7%, and Giga-tronics ( GIGA), down 11.1%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

LSI Corporation designs, develops, and markets storage and networking semiconductors worldwide. LSI Corporation has a market cap of $3.95 billion and is part of the technology sector. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are up 1% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate LSI Corporation a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates LSI Corporation 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. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Spire Corporation ( SPIR), up 7.7%, MEMC Electronic Materials ( WFR), up 7.1%, Amtech Systems ( ASYS), up 6.5%, and Vicon Industries ( VII), up 5.8%, were all gainers within the electronics industry with Corning ( GLW) being today's featured electronics industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

5 Toxic Stocks to Avoid

Why Shire, Great Plains, GE Are Waving Red Flags

7 Unusual-Volume Stocks That Are About to Break Out

8 Stocks Spiking on Big Volume

8 Stocks Spiking on Unusual Volume