NEW YORK (

TheStreet

) --

KLA-Tencor Corporation

(Nasdaq:

KLAC

) hit a new 52-week high Friday as it is currently trading at $52.17, above its previous 52-week high of $52.11 with 2.5 million shares traded as of 10:25 a.m. ET. Average volume has been 2.9 million shares over the past 30 days.

KLA-Tencor has a market cap of $8.54 billion and is part of the

technology

sector and

electronics

industry. Shares are up 4.2% year to date as of the close of trading on Thursday.

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries. The company has a P/E ratio of 10.5, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates KLA-Tencor as a

buy

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

KLA-Tencor Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null