In its latest SEC filing for the third quarter, Audent Global Asset Management LLC reported selling 6,675 shares of Applied Materials, reducing its position by 50.6%. The firm now holds 6,523 shares of the semiconductor equipment provider, representing approximately 1.0% of its total portfolio and ranking as its 25th-largest holding. As of the filing date, Audent’s Applied Materials stake carried a reported value of $1,336,000.

A number of asset managers also adjusted their Applied Materials exposure in Q3. Sagespring Wealth Partners LLC added 43 shares, boosting its total to 8,340 shares valued at $1,707,000. Sunflower Bank N.A. purchased 46 additional shares for a 1.4% increase to 3,287 shares ($673,000). Outlook Wealth Advisors LLC raised its stake by 4.0%, acquiring 47 more shares to reach 1,233 shares ($252,000), while Welch Group LLC and Everpar Advisors LLC lifted their positions by 3.0% and 1.5%, respectively, bringing their holdings to 1,741 shares ($356,000) and 3,359 shares ($688,000).

Applied Materials remains heavily held by institutional investors, with 80.56% of its outstanding shares owned by hedge funds and other large asset managers. The company reported third-quarter revenue of $6.80 billion, a 3.5% year-over-year decline, and delivered $2.17 in earnings per share, beating consensus estimates by $0.06. Applied Materials declared a quarterly dividend of $0.46 per share, payable on March 12 to shareholders of record as of February 19, representing a 21.2% payout ratio.