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Anusuya Lahiri

Here's Why Piper Sandler Considers DRAM Pricing "Slightly Negative" For Micron And Others

  • Piper Sandler analysts Weston Twigg and Harsh Kumar jointly noted that inSpectrum released its January monthly memory contract pricing data, which indicated DRAM 8Gb DDR4 fell 8% month-over-month and that NAND 256Gb TLC dropped 1% on a month-over-month basis. 
  • The analysts, who monitor the three-month rolling average year-over-year change to better gauge trends, said DRAM products' pricing continued to decelerate, while NAND products' pricing showed a "slight" deceleration. 
  • Twigg, who covers semiconductor equipment names, said the implications of the memory contract pricing trends were "slightly negative" for Lam Research Corp (NASDAQ:LRCX), Applied Materials Inc (NASDAQ:AMAT), KLA Corp (NASDAQ:KLAC), ASML Holding NV (NASDAQ:ASML), and Teradyne Inc (NASDAQ:TER).  
  • Kumar also called the implications "slightly negative" for Micron Technology Inc (NASDAQ:MU).
  • Price Action: MU shares traded higher by 2.26% at $81.06 on the last check Monday.
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