KLA-Tencor Corporation (KLAC): Today's Featured Electronics Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

KLA-Tencor Corporation ( KLAC) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 1.1%. By the end of trading, KLA-Tencor Corporation fell $0.85 (-1.4%) to $58.65 on light volume. Throughout the day, 1,145,563 shares of KLA-Tencor Corporation exchanged hands as compared to its average daily volume of 1,804,600 shares. The stock ranged in price between $58.38-$59.47 after having opened the day at $59.25 as compared to the previous trading day's close of $59.50. Other companies within the Electronics industry that declined today were: Aetrium Incorporated ( ATRM), down 16.1%, Nam Tai Electronics ( NTE), down 14.9%, SatCon Technology Corporation ( SATC), down 10.0% and LightPath Technologies ( LPTH), down 8.5%.

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries. KLA-Tencor Corporation has a market cap of $10.0 billion and is part of the technology sector. Shares are up 25.9% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate KLA-Tencor Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates KLA-Tencor Corporation 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, reasonable valuation levels, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, CSR ( CSRE), up 179.5%, Pulse Electronics ( PULS), up 31.2%, Viasystems Group ( VIAS), up 23.9% and Canadian Solar ( CSIQ), up 11.6% , were all gainers within the electronics industry with Cree ( CREE) being today's featured electronics industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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