AMAT Stock Trades at a P/E of 16.69X: Should You Buy, Sell or Hold?

Key Takeaways Applied Materials trades at 16.69X forward P/E, well below the industry's 34.47X multiple.AMAT faces U.S.-China export curbs, hurting sales and adding uncertainty in a key market.Shares lag industry returns and trade below 200- and 50-day SMAs, signaling bearish momentum.Applied Materials (AMAT) stocks are trading at a forward 12-month P/E of 16.69X, which is lower than the Zacks Electronics - Semiconductors industry’s P/E of 34.47X. Although AMAT appears to be discounted, let's delve deeper i ...