13 Stocks Jim Cramer Commented On

6. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holdings: 105

Over the past couple of months, Cramer has been nothing but praiseful of memory chip manufacturer Micron Technology, Inc. (NASDAQ:MU). The shares are among the top performers in the market as they are up by 331% over the past year and by 24.6% year-to-date. Micron Technology, Inc. (NASDAQ:MU) has benefited from the strong demand for memory chips. HSBC was out with a very optimistic take about the firm recently, as it bumped the share price target to $500 from $350 and kept a Buy rating on the stock. The bank commented that Micron Technology, Inc. (NASDAQ:MU)’s shares had benefited from the rally in DRAM prices and forecast that the firm could post high double-digit growth in its second quarter operating profit. In his recent remarks about Micron Technology, Inc. (NASDAQ:MU), Cramer has praised the firm’s CEO and remarked that the CEO is too modest. In this appearance, he listed Micron Technology, Inc. (NASDAQ:MU) among a handful of stocks that were experiencing a shortage:

“Okay, so, here’s the ones that have a shortage that can’t be met. Micron . . . Those stocks are up 36% [MU’s gains]. . .this is from the year began.”