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Micron’s DRAM and NAND contract pricing decline in November, says Baird analyst

The chipmaker’s DDR4 and TLC NAND contract pricing declined 5% month-over-month for November

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Baird analyst Tristan Gerra reiterated an Underperform rating with a price target of $32

Contract pricing for Micron Technology Inc (NASDAQ:MU) was on the decline in November, according to Baird analysts.

The chipmaker’s DDR4 4Gb and 8Gb contract pricing declined 5% month-over-month for November.

READ: Micron Technology downgraded to Underperform, price target for stock slashed to $32 by Baird

The DDR4 is part of Micron’s DRAM technology, short for dynamic random-access memory.

Its TLC 128Gb NAND flash memory contract pricing dropped by 5% in November as well.

Pricing for MLC NAND, or multi-level cell flash memory, declined by 2% on average.

Baird analyst Tristan Gerra reiterated an Underperform rating with a price target of $32.

Shares of Micron were down nearly 8% by the closing bell, but up slightly to $39.93 in Tuesday after-hours trading.

 

Contact Lenore Fedow at [email protected]

Follow her on Twitter@LenoreMariee

Quick facts: Micron Technology, Inc.

Price: 51.3 USD

NASDAQ:MU
Market: NASDAQ
Market Cap: $56.99 billion
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