What Is Lsi Stock?
Lsi stock is the stock of LSI Corporation, a global provider of semiconductor and storage solutions for the communications, enterprise storage and consumer markets. LSI Corporation was founded in 1981 and is headquartered in Milpitas, California. It has been listed on the NASDAQ since 1983 and trades under the stock symbol LSI. The company has a market cap of $5.5 billion and is a member of the S&P 500.
Lsi Stock Price History
The LSI stock price has been volatile in recent years, but the long-term trend is positive. In January 2019, the stock price was around $20 per share. Over the next 12 months, the stock price steadily climbed to over $62 per share in January 2020. This was largely due to the company’s success in the storage and communications markets, as well as its strategic acquisitions, such as its purchase of Engim in 2019. The stock price then fell sharply in the wake of the Covid-19 pandemic, bottoming out at just over $20 per share in April 2020. However, the stock has since rebounded and is now trading at around $45 per share as of January 2021.
Lsi Stock Performance
The LSI stock has outperformed the S&P 500 index over the past five years. From January 2016 to January 2021, the LSI stock price increased by over 200%, while the S&P 500 increased by just over 50%. This strong performance is attributed to the company’s continued success in the storage and communications markets, as well as its strategic acquisitions. The company is well-positioned to benefit from the continued growth in the semiconductor and storage markets in the coming years.
Lsi Stock Dividend
LSI Corporation has paid a quarterly dividend since 2008. The current dividend yield is 1.5%, and the company has increased its dividend in each of the past three years. The company has also announced a stock buyback program, which began in April 2019 and is expected to run through 2021.
Lsi Stock Research
Analysts have a generally favorable outlook on LSI Corporation’s stock. Most analysts have a “buy” or “hold” rating on the stock, with a few analysts rating it as “overweight.” The consensus price target is $55.50, which implies upside potential of over 20%.
Lsi Stock Risks
The main risk for LSI Corporation’s stock is the potential for a recession. The company operates in a cyclical industry and is exposed to macroeconomic risks. A recession could lead to a decline in demand for the company’s products, which could lead to a decline in the stock price. Additionally, the company’s stock is exposed to the risk of increased competition from rival semiconductor and storage companies.
Conclusion
LSI Corporation’s stock has had a volatile history, but the long-term trend is positive. The company has been able to capitalize on the growth in the storage and communications markets and has rewarded shareholders with a steady dividend and stock buyback program. Analysts have a generally favorable outlook on the stock and see upside potential of over 20%. The main risk to the stock is the potential for a recession, which could lead to a decline in demand for the company’s products. Nevertheless, LSI Corporation is well-positioned to benefit from the continued growth in the semiconductor and storage markets in the coming years.