KLA-Tencor Corp (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 ( KLAC) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 0.3%. By the end of trading, KLA-Tencor fell $1.07 (-1.7%) to $62.92 on heavy volume. Throughout the day, 2,375,004 shares of KLA-Tencor exchanged hands as compared to its average daily volume of 1,494,200 shares. The stock ranged in price between $62.74-$64.31 after having opened the day at $63.99 as compared to the previous trading day's close of $63.99. Other companies within the Electronics industry that declined today were: Quicklogic ( QUIK), down 20.3%, Oplink Communications ( OPLK), down 12.4%, Anadigics ( ANAD), down 9.6% and CEVA ( CEVA), down 8.9%.

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 has a market cap of $10.7 billion and is part of the technology sector. The company has a P/E ratio of 21.0, above the S&P 500 P/E ratio of 17.7. Shares are down 0.3% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate KLA-Tencor a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates KLA-Tencor as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, reasonable valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, MaxLinear ( MXL), up 19.8%, Faro Technologies ( FARO), up 9.2%, O2Micro International ( OIIM), up 8.1% and DSP Group ( DSPG), up 7.7% , were all gainers within the electronics industry with SunEdison ( SUNE) 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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