When it comes to transistors, there are only so many things a multimeter can measure. The DCA Pro from PEAK Electronics makes short work of testing parts like a transistor. This small device can determine pinout, component type, and essential parameters in a matter of seconds. Not only that but it can be connected to a (Windows) PC and draw parameter curves.

Check out the video review to see how the device and software work. Then head over to the element14 page where you can download a zip file full of example parts I measured for you. Use the free DCA Pro software to open them.

You might also want to check out this MOSFET Curves post, which complements this video tutorial. Another resource you might find helpful on semiconductors, or transistors, is this post on MOSFET Myths.