Mizuho analyst Vijay Rakesh, after traveling to Asia, believes DRAM and NAND pricing trends for the March quarter are down 20% quarter-over-quarter and down 10% for the June quarter. Samsung (SSNLF) is seeing better NAND trends with Q2 inventories coming down to five weeks, but DRAM is still weak as inventories remain high, Rakesh tells investors in a research note. The analyst estimates Samsung fiscal 2019 memory spending could be down 25%-30% year-over-year. To reflect higher inventory and DRAM price declines, the analyst lowered his May and August quarter estimates for Micron Technology (MU). Rakesh also trimmed his price target for Micron shares to $44 from $45 but keeps a Buy rating on the name.