Rathbones Group PLC Has $26.75 Million Stock Position in Applied Materials, Inc. $AMAT

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Rathbones Group PLC reduced its stake in Applied Materials, Inc. by 21.8% in the fourth quarter, now holding 104,101 shares valued at $26.75 million. Despite this, other institutional investors increased their holdings, with 80.56% of the stock owned by institutions and hedge funds. Applied Materials recently reported strong quarterly earnings, exceeded analyst expectations, increased its dividend, and shows an average analyst rating of “Moderate Buy.”

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