NEW YORK ( TheStreet) -- KLA-Tencor Corporation (Nasdaq: KLAC) hit a new 52-week high Monday as it is currently trading at $53.22, above its previous 52-week high of $53.05 with 106,924 shares traded as of 9:35 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 9.6% year to date as of the close of trading on Friday. 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 11.8, above the average electronics industry P/E ratio of 10.5 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates KLA-Tencor as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full KLA-Tencor Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.