Now may be a great time to look for value stocks -- that is, stocks that trade at low price-to-earnings or price-to-book ratios, and which pay outgrowing dividends and share repurchases.

Of course, stocks with such low valuations can also be signs of a struggling or declining business. But these three names are each riding strong growth trends. Combined with bargain values, put these three stocks in your portfolios today and let their businesses cook for years.

It is thought that a lot of the larger semiconductor markets like PCs and smartphones are bottoming, with a potentially massive artificial intelligence (AI)  investment cycle just starting to kick in. So, if Applied Materials' (NASDAQ: AMAT) trailing earnings indicate the trough of the cycle, its trailing P/E ratio of 24 still looks downright cheap -- even as the stock hits all-time highs.

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Source Fool.com