Benzinga's Top #PreMarket Losers

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Micron Technology, Inc. (NASDAQ: MU) shares declined 15.03 percent to $20.41 in pre-market trading after the company reported weaker-than-expected results for its fiscal third quarter on Thursday.

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ARM Holdings plc (ADR) (NASDAQ: ARMH) fell 2.71 percent to $52.40 in pre-market trading. Bernstein downgraded ARM Holdings from Market Perform to Underperform. Alder Biopharmaceuticals Inc (NASDAQ: ALDR) shares fell 2.28 percent to $44.65 in pre-market trading. Alder BioPharmaceuticals priced its 4.494 million share offering at $44.50 per share.

Intel Corporation (NASDAQ: INTC) shares dropped 1.70 percent to $31.45 in pre-market. Analysts at Jefferies maintain their Buy rating for Intel and lowered the target price from $48 to $45. Etsy Inc (NASDAQ: ETSY) shares tumbled 1.07 percent to $14.74 in pre-market trading after rising 3.54 percent on Thursday.