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Lam Research Corporation $LRCX Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. reduced its holdings in Lam Research Corporation ($LRCX) by 0.6% in the third quarter of last year, selling 18,679 shares, though still holding over 3 million shares worth about $409.2 million. This news comes as director Eric Brandt also sold a significant amount of shares, reducing his stake by over 12%. Despite internal selling, Lam Research reported stronger-than-expected earnings and received multiple analyst price target increases, indicating positive sentiment from research firms.