KLA-Tencor Rises On Unusually High Volume (KLAC)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- KLA-Tencor Corporation (Nasdaq: KLAC) is trading at unusually high volume Tuesday with 4.3 million shares changing hands. It is currently at 2.2 times its average daily volume and trading up $1.14 (+2.1%) at $54.25 as of 4 p.m. ET.

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KLA-Tencor has a market cap of $9.29 billion and is part of the technology sector and electronics industry. Shares are up 17% year to date as of the close of trading on Monday.

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 14.8, 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, attractive valuation levels, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full KLA-Tencor Ratings Report.

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