Is Applied Materials Stock a Buy, Sell or Hold at a P/E of 19.29X?

Applied Materials, Inc. (AMAT) is currently trading at an attractive price-to-earnings (P/E) multiple of 19.29X, which is lower than both the Zacks Semiconductor Equipment - Wafer Fabrication industry average of 21.22X and the S&P 500 average of 22.2X. This discounted valuation has caught the attention of investors, raising the question: Is now the right time to buy or hold the stock? Image Source: Zacks Investment Research Applied Materials' Technological Leadership Applied Materials has had a decent year- ...