Is Lam Research Stock a Buy, Sell or Hold at a P/E Multiple of 18.78X?

Lam Research Corporation (LRCX) , a leader in semiconductor fabrication equipment, currently trades at a forward 12-month price-to-earnings (P/E) ratio of 18.74, significantly lower than the Zacks Electronics – Semiconductors industry average of 27.63. LRCX stock’s P/E multiple is also lower than its peers in the semiconductor space, including ASML Holding (ASML) , Advanced Energy Industries (AEIS) and KLA Corporation (KLAC) .Image Source: Zacks Investment ResearchAt present, ASML Holding, Advanced Energy I ...