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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.