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