Intech Investment Management LLC cut its holdings in Applied Materials, Inc. ( NASDAQ:AMAT – Free Report ) by 30.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 396,728 shares of the manufacturing equipment provider's stock after selling 174,148 shares during the period. Intech Investment Management LLC's holdings in Applied Materials were worth $48,730,000 as of its most recent filing with the Securities and Exchange Commission.

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