Research analysts at Barclays Capital (NYSE: BCS) cut their target price on shares of LSI (NYSE: LSI) from $12.00 to $10.00 in a report released on Tuesday. The firm currently has an “overweight” rating on the stock.
Shares of LSI opened at 6.85 on Tuesday. LSI has a one year low of $4.75 and a one year high of $9.20. The company has a market cap of $3.897 billion and a P/E ratio of 10.18.
LSI last announced its earnings results on Wednesday, April 25th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.06. The company’s quarterly revenue was up 31.4% on a year-over-year basis. On average, analysts predict that LSI will post $0.19 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Maxim Group cut their price target on shares of LSI from $12.00 to $8.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Pacific Crest initiated coverage on shares of LSI in a research note to investors on Wednesday, May 16th. They set an “outperform” rating and a $11.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of LSI in a research note to investors on Thursday, May 10th. They now have a $8.25 price target on the stock.
LSI Corporation (LSI) designs, develops and markets storage and networking semiconductors and storage systems.