13 Stocks Jim Cramer Recently Shed Light On

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

Number of Hedge Fund Holders: 96

Micron Technology, Inc. (NASDAQ:MU) is one of the 13 stocks Jim Cramer recently shed light on. Cramer said that the company reported a “pretty good number,” as he remarked:

“Fourth group of winners, the semis. There are lots of overlaps with the data center, okay…. There are plenty of semiconductor and semiconductor capital equipment stocks that are on fire. There’s Texas Instruments, NXP Semi, Applied Materials, KLA… You know what, Lam Research, gotta put them in too. Don’t forget Micron, which reported a pretty good number this very evening.”

Micron (NASDAQ:MU) develops and sells memory and storage solutions, including DRAM and NAND products, under its own and private-label brands. The company’s technologies support high-speed data access and are used across data centers, mobile, PC, automotive, and embedded applications. During a May episode, when a caller inquired about the company, Cramer replied:

“I think it is getting a little toppy. I think the market’s getting a little toppy and Micron’s going to go with it. Now, it went down to 66. I think it could go down to 80 without a problem, and then you’ll probably want to buy it again. But I sense that there is a trade here, not an investment, for the moment, and you need to do a little [kaching kaching].”