KLA-Tencor Stock Hits New 52-Week High (KLAC)

NEW YORK ( TheStreet) -- KLA-Tencor Corporation (Nasdaq: KLAC) hit a new 52-week high Thursday as it is currently trading at $55.28, above its previous 52-week high of $55.15 with 2.2 million shares traded as of 12:50 p.m. ET. Average volume has been 2.4 million shares over the past 30 days.

KLA-Tencor has a market cap of $8.61 billion and is part of the technology sector and electronics industry. Shares are up 10.3% year to date as of the close of trading on Wednesday.

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 11.6, equal to the average electronics industry P/E ratio 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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity 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.

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