LSI Corp. Reaches New 12-Month High at $11.05 (LSI)
LSI Corp. (NYSE:LSI)’s share price reached a new 52-week high during trading hours on Wednesday, Analyst Ratings Network.com reports. The company traded as high as $11.05 and last traded at $11.04, with a volume of 8,755,276 shares traded. The stock had previously closed at $11.02.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of LSI Corp. in a research note to investors on Wednesday. They now have a $12.00 price target on the stock. Separately, analysts at Morgan Stanley downgraded shares of LSI Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, December 18th. They now have a $11.15 price target on the stock, up previously from $10.00. Finally, analysts at Wedbush raised their price target on shares of LSI Corp. from $7.50 to $11.15 in a research note to investors on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. LSI Corp. presently has a consensus rating of “Hold” and an average target price of $10.15.
LSI Corp. has a 1-year low of $5.99 and a 1-year high of $11.05. The stock’s 50-day moving average is $10.62 and its 200-day moving average is $8.51. The company has a market cap of $6.043 billion and a P/E ratio of 50.09.
LSI Corp. (NYSE:LSI) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. The company had revenue of $605.00 million for the quarter, compared to the consensus estimate of $600.90 million. On average, analysts predict that LSI Corp. will post $0.70 earnings per share for the current fiscal year.
LSI Corporation (NYSE:LSI) designs, develops and markets high-performance storage and networking semiconductors.
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