We investigate the symmetric periodic Anderson model (PAM) on a three-dimen
sional cubic lattice with nearest-neighbor hopping and hybridization matrix
elements. Using Gutzwiller's variational method and the Hubbard-III approx
imation (which corresponds to an exact solution of the appropriate Falicov-
Kimball model in infinite dimensions) we demonstrate the existence of a qua
ntum critical point at zero temperature. Below a critical value V-c of the
hybridization (or above a critical interaction U-c) the system is an insula
tor in Gutzwiller's and a semimetal in Hubbard's approach, whereas above V-
c (below U-c) it behaves like a metal in both approximations. These predict
ions are compared with the density of states of the d and f bands calculate
d from quantum Monte Carlo and numerical renormalization group calculations
. Our conclusion is that the half-filled symmetric PAM contains a metal-sem
imetal transition, not a metal-insulator transition as has been suggested p
reviously.