Panagora Asset Management Inc. reduced its holdings in shares of Applied Materials, Inc. ( NASDAQ:AMAT – Get Rating ) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 545,474 shares of the manufacturing equipment provider's stock after selling 136,174 shares during the quarter. Panagora Asset Management Inc. owned 0.06% of Applied Materials worth $53,118,000 at the end of the most recent reporting period.

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