AMAT Trading at a Discount: Time to Buy, Sell or Hold the Stock?

Applied Materials, Inc. (AMAT) presents an enticing valuation opportunity, trading at a forward P/E of 17.67X. This is significantly below the Zacks Electronics - Semiconductor industry average of 29.95X and the S&P 500’s 22.85X.Image Source: Zacks Investment ResearchThe stock also trades at a lower P/E multiple than its peers, including ASML Holding (ASML) , Lam Research (LRCX) and KLA Corporation (KLAC) . ASML Holding, Lam Research and KLA Corporation currently have a forward 12-month P/E multiple of 28.1 ...