LSI Corp. (LSI) Plans Quarterly Dividend of $0.03
LSI Corp. (NYSE:LSI) declared a quarterly dividend on Thursday, October 24th, AnalystRatings.NET reports. Stockholders of record on Friday, December 6th will be given a dividend of $0.03 per share on Friday, December 20th. This represents a $0.12 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, December 4th.
On a related note, analysts at Zacks upgraded shares of LSI Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, August 14th. They now have a $9.25 price target on the stock. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. LSI Corp. presently has an average rating of “Buy” and a consensus target price of $8.33.
Shares of LSI Corp. (NYSE:LSI) traded down 0.06% during mid-day trading on Thursday, hitting $7.70. The stock had a trading volume of 14,586,461 shares. LSI Corp. has a 1-year low of $5.99 and a 1-year high of $8.08. The stock’s 50-day moving average is $7.66 and its 200-day moving average is $7.13. The company has a market cap of $4.212 billion and a P/E ratio of 40.77.
LSI Corp. (NYSE:LSI) last released its earnings data on Wednesday, October 23rd. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.01. The company had revenue of $607.00 million for the quarter, compared to the consensus estimate of $611.30 million. During the same quarter last year, the company posted $0.17 earnings per share. LSI Corp.’s revenue was down 2.7% compared to the same quarter last year.
LSI Corporation (NYSE:LSI) designs, develops and markets high-performance storage and networking semiconductors.
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