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Micron: DRAM Prices Keep Falling, Says Nomura; Here Comes Samsung

2015-07-07 00:45:02| Electronics - Topix.net

Shares of DRAM and NAND chip maker Micron Technology declined 75 cents, or 4%, to close at $18.32, amidst continued worries about the weak personal computer market impacting the market for memory chips. Nomura Equity Research 's Romit Shah reiterated a Neutral rating on the stock, and a $23 price target, writing that his recent trip through China suggest to him that "downside risk to DRAM prices is mounting as inventory levels are rising amid weak set demand."

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Category:Electronics and Electrical

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