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 1.0%. By the end of trading, KLA-Tencor Corporation fell $0.78 (-1.1%) to $68.03 on average volume. Throughout the day, 1,697,780 shares of KLA-Tencor Corporation exchanged hands as compared to its average daily volume of 1,417,700 shares. The stock ranged in price between $67.61-$68.53 after having opened the day at $68.31 as compared to the previous trading day's close of $68.81. Other companies within the Electronics industry that declined today were: Sparton Corporation ( SPA), down 5.3%, Pixelworks ( PXLW), down 5.3%, China Sunergy ( CSUN), down 5.2% and Ultratech ( UTEK), down 4.3%.

KLA-Tencor Corporation engages in design, manufacture, and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. KLA-Tencor Corporation has a market cap of $11.6 billion and is part of the technology sector. Shares are up 6.8% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate KLA-Tencor Corporation a buy, 1 analyst rates it a sell, and 5 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 increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, First Solar ( FSLR), up 7.0%, Plug Power ( PLUG), up 7.0%, LGL Group ( LGL), up 6.5% and SemiLEDs ( LEDS), up 6.4% , were all gainers within the electronics industry with Taiwan Semiconductor Manufacturing ( TSM) 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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