Author: Anthony Summers, Wealthy Retirement

A quality business at a reasonable price, it has a strong market position and appears well positioned to benefit from the technology transitions that will drive semiconductor growth in the years ahead.

Investors should exercise extreme caution here.

In short, for long-term investors willing to look past short-term volatility, it continues to offer compelling value despite its meteoric rise.

Reasonable valuations and strong business fundamentals makes them worth considering in today’s uncertain market.

With superior cash generation, a strong competitive position, and a proven ability to manage difficult cycles, today’s price looks like a bargain.