Investment analysts at Maxim Group cut their target price on shares of LSI (NYSE: LSI) from $12.00 to $8.00 in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock.
Shares of LSI traded up 0.44% during mid-day trading on Tuesday, hitting $6.88. LSI has a one year low of $4.75 and a one year high of $9.20. The company has a market cap of $3.914 billion and a P/E ratio of 10.18.
LSI last announced its earnings results on Wednesday, April 25th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.06. LSI’s revenue was up 31.4% compared to the same quarter last year. On average, analysts predict that LSI will post $0.19 earnings per share next quarter.
LSI has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of LSI from $10.00 to $12.00 in a research note to investors on Thursday, March 15th. They now have an “overweight” rating on the stock.
LSI Corporation (LSI) designs, develops and markets storage and networking semiconductors and storage systems.