READING, MA - JUNE 22: (Photo by Dina Rudick/The Boston Globe via Getty Images)Boston Globe via Getty ImagesAs the semiconductor cycle shows early signs of recovery, investors are reassessing which equipment makers are best positioned for the next leg of growth. While Teradyne (TER) has benefited from automation and test-equipment demand, its recent valuation looks stretched relative to peers. In contrast, Lam Research (LRCX) and Applied Materials (AMAT) continue to post robust financial performance driven ...