No qualifying author-owned investment thesis was confirmed in this post.
Question with valuation observations but no committed directional thesis or catalyst.
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KLAC had a pretty significant dip recently due to the recent technology sector dip, and currently sits at mid 1400s with a potential year target of 1800s. Even just within a month it had a high of 1693. The current PE sits around 42 with a forward PE ratio of 39. While that is a bit higher than the usual value stock, I just wonder if it’s still worthwhile buying into this current price? Given its dominance in the semiconductor field and also the overall good execution from the company, I would love to hear others thoughts on this one.